IMPACT OF FUEL SCARCITY ON NIGERIA’S ECONOMY
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- NGN 3000
ABSTRACT
This study examines the impact of fuel scarcity on Nigeria’s economy. Specifically, the study determines whether hoarding and smuggling if stopped or curtailed especially in Enugu, can prevent fuel scarcity equally, determines whether none payment of salaries to the distributors of fuel can lead to fuel scarcity and finds out whether government’s reduction of fuel prices, will affect fuel scarcity. The study employed the survey descriptive research design. A total of 141 responses were validated from the survey. The study adopted the frustration–aggression hypothesis. From the responses obtained and analysed, the findings reveals that hoarding and smuggling if stopped or curtailed especially in Enugu, can prevent fuel scarcity equally, presidential involvement can help to stop fuel scarcity in Enugu State. The study also found out that none payment of salaries to the distributors of fuel leads to fuel scarcity. The study recommends Management of NNPC and associated agencies should work against the found causative factors of petrol scarcity by applying an appropriate strategic management.
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