Surviving the Fuel Scarcity phase as a Small Business owner
From Aba, Portharcourt and Enugu to Ilorin, Osogbo, Lagos and Abuja, the impact of the scarcity of fuel, the hike in fuel price and fuel queues is taking a grave toll on small businesses in Nigeria. While many lament the decline in sales as a result of increase in price which is a direct consequence of the fuel scarcity, others count losses experienced as a result of the current situation. Informal businesses running mainly on power such as hairdressing salons, barber shops, business centers etc, many of which account for over 50% of the nation’s GDP according to the Nigerian Bureau of Statistics, NBS, seem to be the worst hit.
Ope Ige, a farmer based in Ilorin tells a sad story of how she lost over N3m on eggs and vegetables due to the fuel scarcity as the bus she hired to move eggs and vegetables from her farm to the city ran out of fuel and the bus couldn’t be refueled in time. Apart from dealing with the nonchalant response of the driver who couldn’t be bothered as he had been paid, she had to deal with the frustration of getting fuel. When fuel was eventually gotten and the journey resumed, she noticed that the eggs had began to rot and the vegetables had wizened. Similarly, a fruit vendor in Enugu, Mazi Udogba shared the unpleasant consequences of the fuel situation on his business. Explaining that he has to pay almost double the amount he used to