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THE IMPACT OF FUEL SCARCITY ON NIGERIAN ECONOMY

(A SPECIAL REFERENCE TO ENUGU METROPOLIS AREA)

 

ABSTRACT

Fuel is a form of energy, according to Longman English Dictionary, fuel is a form of energy use for production.  In that case, its scarcity will affect the living standard of the people in various ways.

1. It increase the cost of transportation
2. Social unrest
3. Electrical faults
4. The cost of food item and living
5. Adulteration of fuel

The effects of fuel scarcity in Enugu metropolis cannot be over emphasis for it is of the very player for all the economic attribute to move on.

There are causes of fuel scarcity

1. Poor management
2. Lack of qualified personnel
3. Hoarding of fuel
4. Smuggling of fuel
5. Inconsistent and poor governmental response

All these draws a set back on the smooth running of fueling industry.  The industry is man by people who are unpatriotic, they emerged themselves in business activities that leads to scarcity of fuel so as to meet up with their own selfish end.  In most cases the facilities are miss handled by the people without properly looking into it to know if it capable to produce at a full capacity or not.

 

TABLE OF CONTENTS

 

CHAPTER ONE

1. Introduction
2. General background of the subject matter
3. Problem associated with the subject matter
4. Problems that the study will be concerned with
5. The importance of studying the area
6. Definition of important terms
7. Reference

 

CHAPTER TWO

2.0     LITERATURE REVIEW

2.1     The origin of the subject area

1. Schools of thought within the subject area
2. The school of thought relevant to the problem of study
3. Different methods of studying the problem
4. Summary

References

 

CHAPTER THREE

3.0     Conclusion

3.1     Data presentation

1. Analysis of the data
2. Recommendation
3. Conclusions

References

 

 

 

 

 

CHAPTER ONE

 

1. INTRODUCTION

1.1     GENERAL BACKGROUND TO THE SUBJECT MATTER

Just like water and air is important to the living human being for daily duties and a hitch – free survival, the importance of fuel to automobile cannot be over looked.  A typical situation is in the cases halts because of the fact that there is shortage of fuel.  The importance of fuels in this our developing and technically inclined economy is fast like the mixture of oil and salt as far as the economy forgets growth as one of its goals.  Fuel is used in a variety of activities ranging from production, mobility, cooking, electricity, supply, sources of foreign exchange, to mention but few, to this extend, one would accept that fuel plays a tremendous role in the live of every citizen of the country and the country as a whole.

However, in recent times, there has been a rampant shortage in the availability of the commodity.  It is on this basis that the researcher intends to evaluate the causes and effects of fuel scarcity in the Nigeria economy, but shall concentrate on Enugu urban as a case study due to time and financial constraints.

 

EFFECTS OF FUEL SCARCITY

According to Longman English Dictionary, fuel is a form of energy, fuel is a form of energy used for the energizing of the machine used for production.  In that case, its scarcity will affect the living standard of the people in various ways:

1. It increase the cost of transportation
2. Social unrest
3. Electricity faults
4. The cost of food item and living
5. Adulteration of fuel and so on

The effects of fuel scarcity in Enugu metropolis cannot be over emphasize for its is one of the very prayer for the entire economic attribute to more about.

During 1998 February 12, business activities in Enugu state was brought to a light because there was no fuel.  In the state vehicles were seen in long queue in the filling stations even when there is fuel at the filling station or not.  Commuter were stranded in the various bus stop with no hope of motor coming to take them to their various destinations.

Consignment upon this prices of commodities sky rocketed so much beyond the reach of the buyers.

“News watch publisher vol. 12 November is 1996”.  The perennial fuel scarcity in Enugu state has fired production companies to produce at a low capacity, with high price, since the fuel which is used as a nourishing material to the machine which is suppose to be used in production is scarce to get and when gotten the price is 300% (three hundred percent) increase more than the former price.  This is why most company’s product is costly and these tend to scarce customers away from the products.  Also from the statistics available transportations cost have gone up considerably, making it difficult for customers to get to their various destinations.  A journey that normally cost ten naira (N10) a drop now cost twenty naira (N20) to fourty naira (N40) a drop which represent a total increase of 200 percent.  Conversely, the daily spending of the average citizen have increase due to the sky rocketed increases in food stuff which was occasioned by the fuel scarcity.

 

Furthermore, lateness, to duty or offices have been lighten as a result of lack of commuter bases and text to take them to their various destination.  To this end, the effect of fuel scarcity is so great that most indigenes of Enugu state metropolis are suffering untold hardship.

 

1.2     PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER

The problems associated with the effect of fuel scarcity in Nigerian are as follows:

1. Lack of qualified personnel
2. Poor management and maintenance
3. Hoarding of fuel
4. Inconsistent and poor government responses

All these draws a set back on the smooth running of fueling supply.  Hoarding fuel is a big problem because it makes some derivers to pack their cars at home and break to where they are going or enter transport.  It is also a problem to students because sometimes students don’t go to school simply because there is on fuel in the filling station.  Because vehicle cannot move without fuel.

 

1.3     PROBLEMS THAT THE STUDY WILL BE CONCERNED WITH

The objective of this study is to provide solutions to the above problems, the following hypothesis will be looked into:-

1. Good management and maintenance
2. Consistent and good government response
3. Government should enact policies that will facilitate easy flow
4. Government should try reduce the price of fuel to be affordable by everybody

 

1.4     THE IMPORTANCE OF STUDYING THE AREA

Fuel scarcity is a big problem now in Nigeria and it has caused so many things in our country Nigeria.  The important of studying the area is:

To know how to organize things in other to achieve the set down goals or objectives.

Fuel industry is not a place of exhibit favouritism.  There was a case of a young daughter of one minister, she is a graduate of English in one of the Nigerian universities, she was employed in the fuel industry to head a department tagged with the allocation of fuel to different parts of the country.  Is she suppose to be there?  No is the answer, she messed up the economy by not allocating purely on the basis but on a system on one can explain.  Tell on 24 Nov. 17.1996.

Moreover, the important is to know how to handle the facilities use for production of fuel.