Index to Nigerian Newspapers

Budget has called on the federal goverment to put on end to petrol subsidy in the country which it said had gulped more than N10 trillion over the past 13 years.It noted that the recent research nigeria petrol subsidy Regime Dilemma of the worlds most populous Black Nation showed that Nigeria currently imports an average of 91 percent of its daily petrol needs,thus disproportionately exposing local petrol price to shock from international factors of production and exchange rate valality.meanwhile,the continuation of petrol price regulation perpetuate safety noted for exceptional formed of corruption within the countrys subsidy regime.Import subsidy created petrol price in neiboring countries which is big enough to incentivise smuggling of subsidised products to neighboring border towns.