Key Features:
- No of Pages: 37
- No of Chapters: 03
Introduction:
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.
Table of Content
Chapter One
Introduction
Background Of Study
Statement Of Problem
Objective of Study
Research Hypothesis
Scope/limitation Of Study
Definition of Terms
References
Chapter Two
2.0 Literature Review
2.1 Economic Benefits of Fuel
2.2 Implications of the Scarcity On
Nigerian Economics
2.3 School Of Though Relevant To
The Problems Of Study
2.4 Different Method Of Study The Problem
2.5 Summary
References
Chapter Three
3.1 Data Presentation
3.2 Analysis Of Data
3.3 Recommendation
3.4 Conclusion
3.5 Bibliography
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.
The problem of products adulteration fuel diversion, smuggling, and hording and under delivery at retail outlets have been rampant in spites of the existence of the department which is changed with the overall co-ordination, monitoring and general supervision of fuel product.
The inability of NNPC and PPMC in distribution of fuel increased the crisis.
According to the former managing director of PPMC Alhaji Haruna Abubakari there has not been an appreciable improvement of fuel distribution. He enumerated factors that militate against the distribution fuel. They are-:
i. Diversions of fuel through conspiracy of some independents market and tanker drivers and in some case the task forces.
ii. Smuggling both through roads and sea.
iii. Poor monitoring of trucks conveying products by the OPR and the task force.
The fuel scarcity is believed to have worsened in certain occasions by hoarding.
A one time petroleum resources minister Chief Dan Etete conducted a random check at 7 filling stations and observes that station.
Despite all the efforts of the ministry and parastatals, the NNPC and PPMC have almost found it impossible to eliminate the act8ivities of saboteurs in the country.
According to the minister between January and March 1998 Nigeria has had a daily local consumption of 8, 509 millions liters of fuel supported with 6853 million liters of important fuel thereby bringing the total product to 15.392 millions liters. Dan Etete announced that smugglers and sabotours in the country contribute in no small amount to fuel, scarcity.
The NNPC official attempts to arrest persistence fuel crisis, culminating in the first ever “operation crush” nationwide exercise the problem has refuse to go.
The special adviser to late Abacha, Alhaji Wada blamed the situation on the activities of economics saboteur, who divert about so percent of the fuel supply meant for daily consumption to the black market. The chief of natural staff rear admiral mike Okihai Alchigbe said that as long as poor pricing of petroleum product in Nigeria are high pricing in neighboring countries continued, the smuggling of oil outside the country would remain a lucrative business. The shortage of fuel is a sign of bad management said by the former governor of central bank Mr Ola Vincent.
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