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JOURNAL OF MANAGEMENT POLICY AND PRACTICE
Deregulation in the Midst of Poverty: The Planning Implications
Author(s): Ola E. Aluko
Citation: Ola E. Aluko, (2011) "Deregulation in the Midst of Poverty: The Planning Implications" Journal of Management Policy and Practice, Vol. 12, Iss. 7, pp. 59 - 65
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Deregulation as practiced in most of the developed world had the initial inbuilt support of social security
system unlike most of the developing World like Nigeria that will only copy policies without adequately
taking care of the side effects on the masses. Deregulation which could be seen as a general move toward
reducing the degree of direct government intervention in the economy could not totally be achieved
without adequate preparation for the people. As the alarming fact revealed that the poverty level in
Nigeria has been extremely high, with about two thirds of the population below the poverty line in 1996
(FOS, 1999) and 75.5 per cent in 2004 (FOS, 2006). When people affected by poverty are unable to lead
a decent life, there is no doubt that there will be a decay of the society accompanied by social vices. These
issues and many others are the basic consideration of this paper.
