Farouk Lawan: what is Nigeria’s daily fuel consumption?
Diezieni: 52million Liters
NNPC: 35m liters
DPR: 43m liters
PPPRA: 24M liters
Okonjo: 40M liters

Farouk Lawan: What was the subsidy for 2011?
Diezieni: 1.4Trillion
Okonjo: 1.3Trillion
CBN: 1.7Trillion

Farouk Lawan: Can we have the KPMG REPORT?
Okonjo: I have to go through the report first
Diezieni: I have not seen the report

Farouk Lawan: What is the production capacity of our local refineries?’
NNPC: 30%
PPPRA: 20%
DPR: 13%
Diezieni: 15%

Farouk Lawan: Does Nigeria pay subsidy on locally refined Products?
Diezaini: it depends
NNPC: The lay man cannot understand how it’s done
PPPRA: yes
DPR: No

Farouk Lawan: Why is Kerosene still scarce?
Diezieni: Because its use by the aviation industry as aviation fuel
NNPC: Because there is no subsidy so NNPC overstretched its resources
PPPRA: it’s not properly deregulated

Farouk Lawan: what is the balance in the subsidy accounts?
Diezieni: it’s a virtual account
NNPC: There is no account in existence as the lay man will look at it
PPPRA: The account is a technical one
CBN: There is no account with us for subsidy
Okonjo: The account exists but not with a bank

Abracadabra, the more you see the less u understand

Wereh kpe:

Abracadabra, the more you see the less u understand

Exactly, bruv!
This is why many of us fought for the entire subsidy regime to be scrapped. It is even whispered that boko haram took advantage of it to make money to buy weapons through smuggling.
The earlier we scrap NNPC and pass the PIB into law, the better for Nigeria. Many do not want the PIB, because it would bring standards, regulations and generally remove govt from the money making aspects of the oil trade.