The Fuel Subsidy Probe:
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
>>>What
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 d lay man will look @ 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
>>>What Na wa o!!!
Technocrats indeed!!!
Abracadabra, the more you look, the less u see, the more you're @ a loss for understanding! Stand up Naija!!!

Source: http://naijajive.com/index.php?topic=1626.0