The Effect Of Fuel Crises In Nigerian Economy (A Case Study Of Enugu State)
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The Effect Of Fuel Crises In Nigerian Economy (A Case Study Of Enugu State)
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THE EFFECT OF FUEL CRISES IN NIGERIAN ECONOMY

(A CASE STUDY OF ENUGU STATE)

 

ABSTRACT

The time has come for us to adopt an authentic measure and reorganize our method of approach to fuel distribution. It is high  time we (Nigerians) set up and put both out human and material resources together in order to curbe the problem that face people during fuel crisis.

This project is divided into three chapters. The first and second chapter focuses of the background of the study that is how fuel scarcity originated and the various problems people are going through due to the fuel crisis.

The second chapter deals with the various economic benefits of the fuel and implications of fuel scarcity. The last chapter concerns with, what government should do in to curb or reduce scarcity of fuel Nigerian.

We strongly hope that, this project will contribute tremendously in reducing the problems of people if government will make use of the recommendations in chapter 3.

 

CHAPTER ONE

INTRODUCTION

BACKGROUND OF STUDY

 

The fuel scarcity that has befalls the nation in recent years to be worse at the beginning of this year. It caused a lot of pain, anguish and dislocation of economic and Sunday activities. There hardy any individual, industries, institution and organization in Nigeria that is not severely effected.

 

It is widely believed in government cycle that the persistent of fuel crisis is largely caused by the bottlenecks and other associated problems government agencies, besides, there are problems of manpower shortage, inadequate finding, lack of materials officials limitation and safety of personnel which officials explained have hundred department of responsibilities in distribution of petroleum product which increased the execution of its product which increased the crisis in Nigeria.

 

Despite the effort of OPR, some encourage and sale of adulterated fuel. The crisis situation worsened when one of the filling stations had fuel to sell and the black market rate will increase from and the black market rate will increase from N250 to N400 depending on the level of adulteration with kerosene.

 



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