Nigerians have seen a shortage of fuel supply and scarcity this period. Mammoth queues are seen at filling stations and the pump price of petrol has skyrocketed. Every Nigerian has been affected by the situation, directly or indirectly. The federal government has vowed to end the crisis soon but their promises are not convincing with what’s seen.

Here are 5 areas in which the day-to-day activities of most Nigerians have been hampered by the fuel scarcity:

1. Traffic congestion

The numerous queues at filling stations are affecting the free flow of traffic in major cities across the nation. This affects the efficiency of businesses and business transactions.

2. Inflation

The fuel scarcity has led to an increase in the pump price of petrol. This, in turn, causes an increase in the cost of transportation of goods. When this happens, traders hike the price of their goods, causing inflation.

3. Poor Power Supply

It’s a known fact that most Nigerian businesses rely on generators for their electricity. This is due to the awful power supply situation in the country. Generators run on petrol and once there’s a shortage, businesses are affected and can’t run optimally. In addition, homes are also left in darkness.

4. Corruption

The fuel scarcity situation has led to the emergence of a parallel (black) market for the product. Many Nigerians see the crisis as a chance to engage in sharp practices, round-tripping and shortchanging.

5. Breakdown of Law and Order

The continued fuel scarcity has caused a breakdown of law and order in some areas of the country. There was a riot in Festac, Lagos state when security officials killed two persons selling petrol on the black market.

Written by: Okenwa Oluomachukwu Sandra (Content Writer, Lifestyle & Fashion blogger, and Model)



SOURCE: https://brandspurng.com/fuel-scarcity-5-areas-which-fuel-scarcity-has-affected-all-aspects-of-the-economy/

Buhari why despite your advocacy for change.

Interesting