• The Adverse Effect Of Fuel Scarcity On Farm Produce

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    • 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 that could easily lead to fuel scarcity which will have negative effects on farm produce. Finally, result gotten also shows that individual have to desist from all forms of fuel hoarding and vandalization of fuel pipes could threaten the availability of fuel in t he circulation which could at least bring untold hardship on the society by way of increasing price of food as a result of high cost of production and transportation from where it was produced to the market. It was recommended that, government should monitor marketers from diverting fuel met for our country to other countries and also government should built more refineries to ensure surplus of fuel in circulation.
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    • CHAPTER ONE - [ Total Page(s): 3 ]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 t ... Continue reading---