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The Adverse Effect Of Fuel Scarcity On Farm Produce
CHAPTER ONE -- [Total Page(s) 3]
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What is scarcity? According to Adams Smith (1989) define scarcity as the
limited supply resources which are used to the satisfaction of
unlimited want. With this, fuel scarcity can be defined as a limited
supply of fuel which is used for the satisfaction of unlimited want.
According to Lionel Robbins (1990) scarcity as the fundamental economic
problems of having seemingly unlimited human want in a world of limited
resources. The event of 2nd January, 2012 substantiate the claim that
fuel scarcity in no doubt is one of the greatest factor that triggered
off the inflation of farm produce/products in the market today,
following the pronouncement of the federal government of Nigeria that
oil subsidy has been removed thereby bringing the price of fuel of 97
naira a liter as against the former pump price of 65 naira a liter. Few
days after subsidy has been removed the price of produce/products
skyrocket in which live, chicken that was sold between 1,500-2000, now
goes for between 3,000-4,500 live goats that was used to be sold
7,000-8,500 is now sold for between 15,000-18000 while a bag of rice
that was formally sold for between 6,000-7,500 now goes for between
12,000-14,000 likewise many other farm produce/products had witnessed
tremendous change in price up till now, all that goes up, refuses to
come down, and if the prove of fuel keep going up in the name manner,
you will find out that almost all farm and agricultural produce/products
will be price out of the reach of the common man and if nothing is done
to check this situation on ground, certain the common man on the street
and the entire society will soon be engulfed in hardship.
1.2 STATEMENT OF THE PROBLEM
In recent time, fuel scarcity has become a strong determinant of the
price of produce/products of agriculture in the market, with this, it is
important that the government should take a proactive measure in
tackling fuel scarcity. Also, many people thing that it is because many
young people has refuse to go into farming that is solely responsible
for the daily increase in the price of food and other agricultural
related products but this research seek to find out the adverse effect
of fuel scarcity on agricultural products/produce and to suggest
possible ways of profiling solutions on it.
The researcher
intend to identify some areas that the government should keenly look
into in order to avoid fuel scarcity, such as constant deregulation of
fuel products to every state steadily so as to make the product
available and affordable for farmer who use fuel for carrying out
farming activities, to severely fight against the division of fuel
products by fuel marketer and to set out a severe penalty against those
who indulge in vandalizing fuel pipe line, which reduces the target of
the nation and to also put in place measure to avoid people working in
oil producing company from going on strike.
CHAPTER ONE -- [Total Page(s) 3]
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ABSRACT - [ Total Page(s): 1 ]The research was carried out in Ovia South West Local Government Area and data was also collected from some produce marketers such as Ehomike Food Venture, the Martye Green World venture, Ighile Mojo Farm, Okomu Oil Palm Company Plc and Visco Farm Shop. From the result gathered, it shows that there is need for government to ensure constant deregulation of fuel to every states and local government of the federation, regulating the rate of increasing fuel and to arrest all forms and conditions tha ... Continue reading---
