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
OMG; if the key players in government can't even agree on the problem, I wonder how then can they possibly find a solution?? O' God of Creation...Guide our leaders right.