Opinion
The Unending Black Market In Nigeria
The Advanced Learner’s Dictionary defines
black market as an illegal trading of goods that are outlawed or that are scarce. The illegal trading of goods and services known as black market only takes place in war-torn nations. And those who indulge in such trading are called black marketers.
Black market originated as a result of sharp practices in the oil industry. Today, it is a common phenomenon in the petroleum industry in Nigeria. Black marketers sabotage every effort of government to eradicate black market in Nigeria. It is heart-rending that in the oil sector, all efforts of the government could not eliminate black market in the country.
Indeed, because of the quick profit attached to black market in the country, some filling station owners have chosen to hoard petroleum products which they sell to black market dealers at night.
The major and minor marketers of the petroleum products are not helping matters either, as some of them connive with black marketers to sabotage the effort of government. Black market is not a system of trading in a free society. It is a system of buying and selling, carried out in a nation where anarchy is brewing. In the country today, there are many filing stations receiving their quota from various depots across the country without discharging their services.
The unfortunate thing is that when motorists and buyers approach the filling stations to buy the products, they are turned down with unnecessary and flimsy excuses. And in the end, the products are found in the hands of black marketers who stand by the side of the filling stations joyfully selling the product to the unsuspecting buyers at exorbitant price.
The question is, when will black market be eradicated in Nigeria? When will Nigerians drive into filling stations without excuses from the fuel attendants? In Nigeria, if there is pipeline explosion, there will be scarcity of petroleum products. In Iraq, black market was not commonly seen even in the midst of the civil war that affected the oil industry. What about Libya that faced serious leadership and economic crises? Black market was not encouraged and there was no serious scarcity of petroleum products in those countries.
Venezuela recently witnessed explosion in their biggest refinery, yet there was no scarcity of the product in the country. In Nigeria, one wonders how black market and hoarding of petroleum products have defied every policy of government and become a monster plaguing the nation’s oil industry. Because of the activities of mischievous individuals, scarcity of the product has come to stay. This ought not to be so.
The 97 naira per litre is a slogan and a mirage in some parts of Nigeria. Even in Port Harcourt, where there are reasonable number of loading depots of petroleum products, it is difficult to purchase the products. Several task forces have been constituted to curtail this menace but to no avail. Nigerians face perennial scarcity of petroleum products every time. The black marketers sell petroleum products above the pump price approved by the government.
Nigerians sometimes see oil as a curse because of the pain it has inflicted on us. Some filling stations hoard the products selling it openly without fear of being arrested. Nigeria is the sixth producer of crude oil in the world; but suffers like a non-producer. It is pathetic. No wonder the Rivers State Government set up the petroleum monitoring task force to monitor the movement of the product in the State. The task force is vehemently fighting against the activities of black marketers. Rivers State is one of the States with many filling stations, yet the State witnesses and suffers petroleum products scarcity because of the activities of black marketers.
Indeed, the task force has apprehended many roadside black marketers. And their prosecution has started. Black market is illegal and should not be encouraged by anybody. Filling stations should nto also not in hoarding of the products and should not encourage black market. The Federal Government should assiduously make the petroleum products available and cheap to Nigerians. It should be made clear that petroleum is not a curse to Nigerians. In the Middle East, oil is not a curse but a blessing to those countries. Why should it be a curse in Nigeria? Therefore, government and Nigerians should fight against black market and hoarding of petroleum products in the country. It is a sin to suffer for what God has blessed us with. Let us all help the task forces to fight hoarding and black market in Rivers State and Nigeria.
Ogwuonuonu is a Public Affairs Analyst
Frank Ogwuonuonu
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