A major feature of the policy of deregulation in Nigeria is the

The policy of deregulation in Nigeria is characterized by the enthronement of market forces mechanism. This means that the government allows the forces of demand and supply to determine prices and other economic decisions, rather than regulating them through government interventions. Therefore, prices of goods and services are no longer fixed by the government, and private individuals and businesses have more freedom to invest and compete in various sectors of the economy.