What is scarcity?
Scarcity is an economy concept where individuals must allocate limited resources to satisfy their needs. Scarcity affects the monetary value individuals place on goods and services. Scarcity is one of the key concepts of economiys. It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy.
But the type of scarcity in Nigeria is more, Nigeria have different scarcity, but this time of scarcity of petroleum in TI Nigeria in to more last month that i went to
Abuja, The PUNCH independently gathered that the situation might worsen in Lagos and other parts of the South-West like Ogun, Oyo, Osun and others because there was a directive by the NNPCL that fuel trucks must first service the Federal Capital Territory before any other place.I see more scarcity and today to again am in Abeokuta in oga steta the scarcity is to much but what is bothering my mind is that, i don't think the president can be looking how scarcity is rampant in Nigeria like that president is not in Nigeria, also when i call one of my friend in Lagos he to me that As a result, the majority of trucks leaving the depots in Lagos since Friday were heading for Abuja.
Officials of the NNPCL and marketers told our correspondents that there was a directive that depots should service Abuja filling stations before any other part of the nation. They worried that queues might linger for the next three days in the South-West.
Despite claims by the Nigerian National Petroleum Company Limited that the logistic issues causing fuel scarcity had been addressed, Nigerians in Lagos and other parts of the country were still struggling to get Premium Motor Spirit as many filling stations remained under lock and key throughout the weekend.
The officials, who spoke on condition of anonymity because they were not authorised to speak to the press on the matter,
Commuters in Abeokuta, the Ogun State capital, were on Monday left stranded due to severe fuel scarcity, which crippled transportation services.From Panseke to Iyana Mortuary, Ijaye, Sapon and other bus stops, commuters, including primary and secondary school students, were left stranded as they struggled for few vehicles on the roads to convey them to their different destinations.
PREMIUM TIMES checks revealed that most of the commercial motorists were unable to operate because they were in queues at filling stations in different locations within the state capital in a bid to purchase fuel.