The deregulation of telecommunication services in Nigeria is a characteristic of

The deregulation of telecommunication services in Nigeria is a characteristic of a market economy. In a market economy, the government allows the forces of demand and supply to determine prices, allocate resources, and regulate economic activities. Deregulation refers to the removal or reduction of government regulations or controls over an industry or sector. By deregulating the telecommunication sector, the Nigerian government allowed private companies to compete freely and set their prices, which increased efficiency and led to better services for consumers. This is a typical feature of a market economy where competition is encouraged, and the government does not interfere in the free play of market forces.