THE EFFECT OF 2021 FUEL PRICE HIKE ON TRANSPORTATION SYSTEM IN NIGERIA (A CASE STUDY OF ASCENT TRANSPORT COMPANY (ATM), ABUJA)
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- NGN 3000
Abstract
Fuel is a major factor among many others influencing transport costs and transport rates in Nigeria.This aim of this study to examine the effect of price hike of furl on transportation system using Ascent Transport Management Abuja as a case study. The study made of simple random sampling and responses were derived from the staffs of the company using questionaires . findings from the study reveals that the increase in fuel prices affects both passengers and the profitability of transport companies. The study recommends above all thing that government should ensure they bring back the fuel subsidy policy and more so transportation companies should seek for more strategies that would help them remain in business in the face of low patronage from passengers during fuel increment .
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