Those who have been following the argument for and against the deregulation of the oil industry in Nigeria may have got the impression that deregulation connotes lack of control or indifference on the part of the government. But there is nothing so far from official quarters to suggest that deregulation will cause the government to relinquish its control of the oil industry because the absence of direct control does not mean that it will surrender all its rights to the entrepreneurs who may want to participate in the industry. Yet the opposition expressed so far against stems from the fear that the government would leave Nigerians at the mercy of a heartless cartel who would command the heights of the oil industry and cause pump price of fuel to rise above the means of most Nigerians.
`As a result of such fears, many Nigerians have become resentful of deregulation and in fact the Nigeria Labour Congress (NLC) has threatened to ‘deregulate’ the government if it should go ahead with the deregulation plan. But Nigerians have not fared any better with the economy totally in government control. Until recently, the most important sectors of the economy were in the hands of the government. Today, the deregulation of some of these sectors has broken its monopoly and introduced healthy competition to make a little easier for Nigerians. A good example is the breaking of the stifling monopoly of Nigeria Airways. Today, the traveller is king at the domestic airports as opposed to the struggle that air travels used to be under Nigeria Airways monopoly. Before, it was almost easier for a camel to pass through the eye of a needle than for travellers to board a plane.
Following from this, the apostles of deregulation rightly heap all the blame for the problems associated with petroleum products distribution in this country squarely on the government, which owns all the refineries and which sells fuel to local consumers through its agency, the Nigerian National Petroleum Corporation (NNPC). In the same way, the government argues that if the current NNPC monopoly were broken with the introduction of entrepreneurs to the refining and sale of petroleum products in the country, the Nigerian people would be all the better for it. It stands to reason that once the government continues to fix maximum prices would be all the better for it. It stands to reason that once the government continues to fix maximum prices for petroleum products in this country, the deregulation of the oil sector should bring some relief to the people by ensuring that wastage, corruption and inefficiency are reduced to the minimum. Consumers will also have the last laugh because competition will result in the availability of the products at reasonable prices. This appears to be the sense in deregulation.
Which of the following statements is true according to the passage?
- A. the nigerian labour congress has been able to prevent the government from deregulating the economy
- B. the introduction of entrepreneurs to the oil industry wil make life easy only for a few nigerians
- C. the opposition to the deregulation of the oil industry is not unanimous
- D. a better life for all nigerians is conditional upon the deregulation of the economy.
Those who have been following the argument for and against the deregulation of the oil industry in Nigeria may have got the impression that deregulation connotes lack of control or indifference on the part of the government. But there is nothing so far from official quarters to suggest that deregulation will cause the government to relinquish its control of the oil industry because the absence of direct control does not mean that it will surrender all its rights to the entrepreneurs who may want to participate in the industry. Yet the opposition expressed so far against stems from the fear that the government would leave Nigerians at the mercy of a heartless cartel who would command the heights of the oil industry and cause pump price of fuel to rise above the means of most Nigerians.
`As a result of such fears, many Nigerians have become resentful of deregulation and in fact the Nigeria Labour Congress (NLC) has threatened to ‘deregulate’ the government if it should go ahead with the deregulation plan. But Nigerians have not fared any better with the economy totally in government control. Until recently, the most important sectors of the economy were in the hands of the government. Today, the deregulation of some of these sectors has broken its monopoly and introduced healthy competition to make a little easier for Nigerians. A good example is the breaking of the stifling monopoly of Nigeria Airways. Today, the traveller is king at the domestic airports as opposed to the struggle that air travels used to be under Nigeria Airways monopoly. Before, it was almost easier for a camel to pass through the eye of a needle than for travellers to board a plane.
Following from this, the apostles of deregulation rightly heap all the blame for the problems associated with petroleum products distribution in this country squarely on the government, which owns all the refineries and which sells fuel to local consumers through its agency, the Nigerian National Petroleum Corporation (NNPC). In the same way, the government argues that if the current NNPC monopoly were broken with the introduction of entrepreneurs to the refining and sale of petroleum products in the country, the Nigerian people would be all the better for it. It stands to reason that once the government continues to fix maximum prices would be all the better for it. It stands to reason that once the government continues to fix maximum prices for petroleum products in this country, the deregulation of the oil sector should bring some relief to the people by ensuring that wastage, corruption and inefficiency are reduced to the minimum. Consumers will also have the last laugh because competition will result in the availability of the products at reasonable prices. This appears to be the sense in deregulation.
An appropriate title for this passage is
- A. the advantage of a deregulated economy
- B. making a case for deregulation
- C. highlighting the dangers of deregulation
- D. the problems of the NNPC
Those who have been following the argument for and against the deregulation of the oil industry in Nigeria may have got the impression that deregulation connotes lack of control or indifference on the part of the government. But there is nothing so far from official quarters to suggest that deregulation will cause the government to relinquish its control of the oil industry because the absence of direct control does not mean that it will surrender all its rights to the entrepreneurs who may want to participate in the industry. Yet the opposition expressed so far against stems from the fear that the government would leave Nigerians at the mercy of a heartless cartel who would command the heights of the oil industry and cause pump price of fuel to rise above the means of most Nigerians.
`As a result of such fears, many Nigerians have become resentful of deregulation and in fact the Nigeria Labour Congress (NLC) has threatened to ‘deregulate’ the government if it should go ahead with the deregulation plan. But Nigerians have not fared any better with the economy totally in government control. Until recently, the most important sectors of the economy were in the hands of the government. Today, the deregulation of some of these sectors has broken its monopoly and introduced healthy competition to make a little easier for Nigerians. A good example is the breaking of the stifling monopoly of Nigeria Airways. Today, the traveller is king at the domestic airports as opposed to the struggle that air travels used to be under Nigeria Airways monopoly. Before, it was almost easier for a camel to pass through the eye of a needle than for travellers to board a plane.
Following from this, the apostles of deregulation rightly heap all the blame for the problems associated with petroleum products distribution in this country squarely on the government, which owns all the refineries and which sells fuel to local consumers through its agency, the Nigerian National Petroleum Corporation (NNPC). In the same way, the government argues that if the current NNPC monopoly were broken with the introduction of entrepreneurs to the refining and sale of petroleum products in the country, the Nigerian people would be all the better for it. It stands to reason that once the government continues to fix maximum prices would be all the better for it. It stands to reason that once the government continues to fix maximum prices for petroleum products in this country, the deregulation of the oil sector should bring some relief to the people by ensuring that wastage, corruption and inefficiency are reduced to the minimum. Consumers will also have the last laugh because competition will result in the availability of the products at reasonable prices. This appears to be the sense in deregulation.
Which of the following conclusions can be reached from the passage?
- A. the deregulation of the economy will solve all the problems of petroleum products distribution
- B. the government is hell-bent on leaving nigerians at the mercy of a heartless cartel
- C. nigerians cannot buy fuel at exorbitant prices
- D. the deregulation of the oil industry does not preclude the government from exerting its influence
Those who have been following the argument for and against the deregulation of the oil industry in Nigeria may have got the impression that deregulation connotes lack of control or indifference on the part of the government. But there is nothing so far from official quarters to suggest that deregulation will cause the government to relinquish its control of the oil industry because the absence of direct control does not mean that it will surrender all its rights to the entrepreneurs who may want to participate in the industry. Yet the opposition expressed so far against stems from the fear that the government would leave Nigerians at the mercy of a heartless cartel who would command the heights of the oil industry and cause pump price of fuel to rise above the means of most Nigerians.
`As a result of such fears, many Nigerians have become resentful of deregulation and in fact the Nigeria Labour Congress (NLC) has threatened to ‘deregulate’ the government if it should go ahead with the deregulation plan. But Nigerians have not fared any better with the economy totally in government control. Until recently, the most important sectors of the economy were in the hands of the government. Today, the deregulation of some of these sectors has broken its monopoly and introduced healthy competition to make a little easier for Nigerians. A good example is the breaking of the stifling monopoly of Nigeria Airways. Today, the traveller is king at the domestic airports as opposed to the struggle that air travels used to be under Nigeria Airways monopoly. Before, it was almost easier for a camel to pass through the eye of a needle than for travellers to board a plane.
Following from this, the apostles of deregulation rightly heap all the blame for the problems associated with petroleum products distribution in this country squarely on the government, which owns all the refineries and which sells fuel to local consumers through its agency, the Nigerian National Petroleum Corporation (NNPC). In the same way, the government argues that if the current NNPC monopoly were broken with the introduction of entrepreneurs to the refining and sale of petroleum products in the country, the Nigerian people would be all the better for it. It stands to reason that once the government continues to fix maximum prices would be all the better for it. It stands to reason that once the government continues to fix maximum prices for petroleum products in this country, the deregulation of the oil sector should bring some relief to the people by ensuring that wastage, corruption and inefficiency are reduced to the minimum. Consumers will also have the last laugh because competition will result in the availability of the products at reasonable prices. This appears to be the sense in deregulation.
Which of these correctly summaries the arguments adduced by the advocate of deregulation?
- A. dereuglating the economy will make the NNPC more efficient and less wasteful
- B. the government should deregulate every aspect of the nigerian economy
- C. competition in the oil industry will be beneficial to severval nigerians
- D. competition should be allowed in the production and distribution of petroleum products
Select the option that best explain the information conveyed in the sentence.
Audu was taken bad in the middle of the night?
- A. He was caught
- B. He was robbed
- C. He was ill
- D. He was drunk
- E. He was drunk
Select the option that best explain the information conveyed in the sentence.
After the successful operation, he recovered by leaps and bounds?
- A. He got well very rapidly
- B. His well-bound wounds aided his recovery
- C. He did a lot of keep-fit exercises
- D. He used to jog regularly
Select the option that best explain the information conveyed in the sentence.
The politician was pilloried by the press for his inflammatory remarks?
- A. The politician was snubbed by the press for his remarks
- B. The politician was criticized by the press for his remarks
- C. The politician was closely questioned by the press for his remarks
- D. The politician was ridiculed by the press for his remarks
Select the option that best explain the information conveyed in the sentence.
His meteoric rise to fame surprise everyone?
- A. His rise to fame was only temporary
- B. People were amazed at his rapid success
- C. He became successful very suddenly
- D. He rose to the top quite unexpectedly
Select the option that best explain the information conveyed in the sentence.
The organization is constantly in a state of flux?
- A. There are perodic changes in the organization
- B. The organization is facing a difficult period
- C. The organization is experiencing good times
- D. The organization is moribund
Fill each gap with the most appropriate option from the lists provided.
……. any problems, I shall travel to London tomorrow on a business trip?
- A. in spite
- B. given
- C. in case of
- D. barring
Fill each gap with the most appropriate option from the lists provided.
Didn’t ……… draw your attention to the entry requirements?
- A. anyone
- B. someone
- C. somebody
- D. everyone
Fill each gap with the most appropriate option from the lists provided.
We did not understand what the magistrate said about …….. and battery?
- A. acid
- B. insult
- C. assault
- D. touching
Fill each gap with the most appropriate option from the lists provided.
He is ……. Kaduna ……… an official assignment?
- A. in / on
- B. at / in
- C. at / for
- D. for / in
Fill each gap with the most appropriate option from the lists provided.
The quality of your questions which ……. always attracted attention ……. never been in doubt.
- A. have / has
- B. have / have
- C. has / has
- D. has / have
Fill each gap with the most appropriate option from the lists provided.
Despite all preparations, the wedding did not ……. ?
- A. come along
- B. come off
- C. come on
- D. come up
Fill each gap with the most appropriate option from the lists provided.
The highly appreciative audience clapped …….. hands and showered ……… on the lecturer?
- A. their /encomiums
- B. its / encomiums
- C. their / invectives
- D. its / invectives
Fill each gap with the most appropriate option from the lists provided.
You are free to solicit ……. support from the board?
- A. by financial
- B. for financial
- C. financial
- D. a financial
Fill each gap with the most appropriate option from the lists provided.
The officer described the comments as …….. because it was very amusing?
- A. ludicrous
- B. dangerous
- C. sad
- D. libellous
Fill each gap with the most appropriate option from the lists provided.
One advantage of the English language in Nigeria is that it puts everyone …….. a common …….. ?
- A. at /equality
- B. on / footing
- C. in / standing
- D. in / advantage
Fill each gap with the most appropriate option from the lists provided.
The members elected Baba ……. of the committee?
- A. chairman
- B. their chairman
- C. to become chairman
- D. to be a chairman
Fill each gap with the most appropriate option from the lists provided.
These …….. must have …….. the World Bank officials?
- A. analyses / attract
- B. analyses / attracted
- C. analysis / attract
- D. analysis / attracted