3 Things Nigerians Should Expect If Current Fuel Scarcity Lingers In Lagos, Abuja & Other Cities

 It’s been days into the nagging fuel scarcity across the country and there seems to be no end in sight going by the decision of the Independent Marketers on the situation.

The fuel marketers are complaining that they could no longer sustain the price difference between the landing cost of 180 naira per liter and selling price of 164 naira per liter to the customers.

The long queue once surfaced in Abuja. But in the last few days, the people of Lagos are fighting hard in the filling station to get fuel or at the bus stop to get transport to their destinations. The long queue has returned to the centre of excellence.

Despite the agony people are going through in some of the cities where fuel scarcity is being experienced, there is no government officials that has come out to make an official statement in respect of the situation and give hope to the people on when it will be alleviated.

If things continue like this, these are three things that may likely happen in the country.

One of these things is the closure of  businesses across the country. Many businesses depend on light to run and if there is one problem that appears to be intractable in Nigeria today, it is power problem.

Hence, many companies especially small scale businesses depend on fuel to generate light and remain in business. With the current fuel scarcity in the country, most of the business owners will have to shut down due to their inability to power their productions.

The second thing Nigerians should expect is Loss of job. Many Nigerians will lose their job because of this situation. Some companies will have to downsize in order to meet production cost while some employees will simply be fired due to lateness to the office as a result of transport debacle.

The third thing Nigerians should expect is hyper inflation in the economy. Already, there is inflation in the country. Purchasing powers are weaken due to the poor exchange rate and rising cost of production.

With the current fuel scarcity, free flow of goods across the country will be limited while demands for the limited ones that are available will be high which will consequently lead to hyperinflation.