Available evidence has indicated that the Nigerian National Petroleum Corporation, NNPC, was advised to stay action on the implementation of the removal of subsidy on kerosene to avert labour and masses unrest.
Recall that in the wake of the scandal on NNPC remittances to the Federation accounts, the former Governor, Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, had declared kerosene subsidy as illegal.
But the stay of action Vanguard gathered was approved by an Inter-ministerial Committee set up by late President Umaru Musa Yar’Adua, on the deregulation of the downstream.
– See more at: http://www.vanguardngr.com/2014/03/kerosene-subsidy-removal-delayed-avert-labour-masses-unrest/#sthash.tnBvPYWF.dpuf
WAITING: Queue for kerosene at a Nigerian National Petroleum Corporation, NNPC, Mega Filling Station in Yelwa, Bauchi State, yesterday. NAN PHOTO