ABSTRACT
Fuel is a form of energy, according to Longman
English Dictionary; fuel is a form of energy used for production. In that case,
its scarcity will affect the living standard of the people in various ways.
1). It increases the
cost of transportation
2). Social unrest
3). Electrical Faults
4). The cost of food
items and living
5). Adulteration of fuel
The effects of fuel scarcity in Enugu metropolis cannot be over emphasized for
it is of the very player for all economic attribute to move on.
CAUSES OF FUEL SCARCITY:
1. Lack of qualified personnel
2. Hoarding of fuel
3. Smuggling of fuel
4. Inconsistent and poor governmental response
All these draws a set back on the smooth running of fueling industry. The
industry is manned by people who are unpatriotic. They engaged themselves in
business activities that lead 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 is capable to produce at a
capacity or not.
TABLE OF CONTENTS
CHAPTER ONE
1.0 INTRODUCTION
1.1 GENERAL BACKGROUND TO THE
SUBJECT MATTER
1.2 PROBLEM ASSOCIATED WITH THE SUBJECT MATTER
1.3 PROBLEMS THAT THE STUDY WILL BE CONCERNED WITH
1.4 THE IMPORTANCE OF STUDYING THE AREA
1.5 DEFINITION OF IMPORTANT TERMS
1.6 REFERENCES
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 THE ORIGIN OF THE SUBJECT
AREA
2.2 SCHOOLS OF THOUGHT RELEVANT TO THE
PROBLEMS OF THE STUDY
2.3 THE SCHOOL OF THOUGHT WITHIN THE SUBJECT AREA
2.4 DIFFERENT METHODS OF STUDYING THE PROBLEM
2.5 SUMMARY
REFERENCES
CHAPTER THREE
3.0 CONCLUSION
3.1 DATA PRESENTATION
(HIGHLIGHTS OF THE STUDY)
3.2 ANALYSIS OF THE
DATA--------------------------
3.3
RECOMMENDATION-------------------------------
3.4
CONCLUSION---------------------------------------
3.5
REFERENCES--------------------------------------
CHAPTER ONE
1.0 INTRODUCTION
1.1 GENERAL BACKGROUND TO THE
SUBJECT MATTER
Just like water and air are important to the
living human being for daily duties and hitch-free survival, the importance of
fuel to automobile cannot be over looked. A typical situation is in the case
halts because of the fact that there is shortage of fuel. The importance of
fuel 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 a few. To this extent one would accept that fuel plays a great role in the
life 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 Nigerian economy, but shall
concentrate on Enugu urban as a case study due to time and financial
constraints.
Effects of Fuel Scarcity
Fuel is a form of energy, according to Longman English Dictionary; 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.
a. It increases the cost of transportation
b. Electrical faults
c. The cost of food items and living
d. Social unrest
e. Adulteration of fuel and so on.
The effects of fuel scarcity in Enugu metropolis cannot be over emphasized for
it is one of the very prayers for the entire economic attribute to move 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
queues in the filling stations even when there is fuel at the filling station
or not. Commuters were stranded in the various bus stops with no hope of motor
coming to take them to their various destinations
Consignment upon this prices of commodities skyrocketed so much beyond the
reach of the buyers “News watch publisher Vol.12 November in 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 companies’ products are
costly and these tend to scare customers away from the products. Also from the
statistics available transportation costs have gone up considerably, making it
difficult for customers to get to their various destinations.
A journey that normally costs ten Naira (N10) a drop now costs twenty Naira
(N20) to forty Naira (40) a drop, which represents a total increase of 200
percent. Conversely the daily spending of the average citizen has increased due
to the sky rocketed increases in foodstuff, which was occasioned by the fuel
scarcity.
Furthermore, lateness to duty or offices has been heightened as a result of
lack of commuter buses and taxis to take them to their various destinations.
To this end, the effect of fuel scarcity is so great that most indigenes of
Enugu State and non-indigenes of Enugu State metropolis are suffering untold
hardship.
1.2 PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER
Problems associated with the effect of fuel scarcity in Nigerian are as follows:
Lack of Qualified Personnel
Poor Management and Maintenance
Hoarding of Fuel
Inconsistent and Poor Government Responses
All these draw a set back on the smooth running of fueling supply. Hoarding
fuel is a big problem because it makes some drivers 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 student don’t go to school simply because there is
no fuel in the filling stations because vehicles cannot move without fuel.
1.3 PROBLEMS THAT THE STUDY WILL BE CONCERN WITH
The objective of this study is to provide solutions to the above problems the
following hypothesis will be looked into.
Good management and maintenance
Consistent and good government response
Government should enact embark on policies
that
will facilitate easy flow
Government should try and 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 Nigerian. The importance of studying the area is:
To know how to organize things in other to achieve the set down
goals or objectives.
The fuel industry is not a place to exhibit favoritism.
There was a case of a young daughter of a
Minister, 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 supposed to be there? No is
the answer. She messed up the economy by not allocating purely on the basis but
on a system no one can explain. “Tell on 24 Nov. 17, 1996”.
Moreover, the important is to know how to handle the facilities used for
production of fuel;
to avoid the increasing breakdown of facilities and consequently
going up in flames like Kaduna refinery. The fuel is very important product to
the country’s economy and for its economic attributes to work out well, it must
be readily available anytime it is needed.
Another importance of studying the areas is to know knowledge of does and don’t
of the fuel industry not to be interested on how to make our own quick money by
all available means.
To stop hoarding of fuel so that there will be easy flow of fuel, because this
hoarding of fuel contributes in punishing the innocent citizens by creating
artificial scarcity.
To stop struggling of fuel because it is now a common thing in the society. The
news is not new to the people.
In 1992 Nigerian lost about N54.8 million out of N22.1 million due
to smuggling of fuel.
1.5 DEFINITION OF IMPORTANT
TERMS COMMUTER
It
is a person who makes a regular journey of some distance between home and work
especially by trains.
ROCKETED
It is the rising quickly and suddenly of the
price.
CONSIGNMENT
It is the act of sending something to person or
place for sale
METROPOLIS
It is a chief city or the capital city to a
country
RAMPANT
Widespread and impossible to control.
CONSTRAINTS
It is the threat or use of force to direct the
action of others.
HITCH
It is to fasten by looking a rope or metal part
over another object.
MOBILITY
It is the state or quality of being movable or
able to move quickly and easily. Not fixed on one position.
SMUGGLING
It is the act of taking from one country to
another unlawfully especially goods without paying the necessary tax.
HOARDING
It is the act of storing secretly especially
more than is allowed.
Department | Business Administration and Management |
Project ID Code | BAM0025 |
Chapters | 3 Chapters |
No of Pages | 37 pages |
Methodology | Null |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2349067372103 |
Contact Us On | +2349094562208 |
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