THE EFFECT OF FUEL SCARCITY ON NIGERIAN ECONOMY: A SPECIAL REFERENCE TO UYO URBAN

CHAPTER ONE 
INTRODUCTION 
1.1     GENERAL BACKGROUND TO THE SUBJECT MATTER           
Just like water and air are important to the living human being for daily duties and hitch-free survival, the importance of fuel to automobile cannot be over looked. A typical situation is in the case halts because of the fact that there is shortage of fuel. The importance of fuel in this our developing and technically inclined economy is fast like the mixture of oil and salt as far as the economy forgets growth as one of its goals. Fuel is used in a variety of activities ranging from production, mobility, cooking, electricity supply, sources of foreign exchange, to mention but a few. To this extent one would accept that fuel plays a great role in the life of every citizen of the country and the country as a whole.
However, in recent times, there has been a rampant shortage in the availability of the commodity. It is on this basis that the researcher intends to evaluate the causes and effects of fuel scarcity in the Nigerian economy, but shall concentrate on Uyo urban as a case study due to time and financial constraints.
Effects of Fuel Scarcity
Fuel is a form of energy, according to Longman English Dictionary; fuel is a form of energy used for the energizing of the machine used for production. In that case, its scarcity will affect the living standard of the people in various ways.
a.   It increases the cost of transportation
b.   Electrical faults
c.   The cost of food items and living
d.   Social unrest
e.  Adulteration of fuel and so on.
The effects of fuel scarcity in Uyo metropolis cannot be over emphasized for it is one of the very prayers for the entire economic attribute to move about. During 1998 February 12, business activities in Akwa Ibom State was brought to a light because there was no fuel. In the state, vehicles were seen in long queues in the filling stations even when there is fuel at the filling station or not. Commuters were stranded in the various bus stops with no hope of motor coming to take them to their various destinations.

 THE EFFECT OF FUEL SCARCITY ON NIGERIAN ECONOMY: A SPECIAL REFERENCE TO UYO URBAN (ECONOMICS PROJECT TOPICS AND MATERIALS)