He hinted that the product may be going through these States, which he said have porous borders, to neighbouring countries.
He also informed N3.4 trillion is the required fuel subsidy for the 66.7 million litre of Premium Motor Spirit daily consumption against the N4 trillion approved in this year’s Appropriation Act. He said: “States that consume the most are states like Oyo and Ogun State, they even consume more than Lagos State, so you wonder, is it that they have more vehicles than Lagos. This explains that these are States with porous borders and that will explain why this bulk evacuation is going out of Oyo and Ogun States, probably to neighboring countries.”for breaking news, videos, and the latest top stories in Nigeria & world news, business, politics, sports and pop culture.
Kyari spoke at the resumed investigative hearing into the subsidy regime from 2013 to 2021 held by the House of Representatives Ad-hoc Committee headed by Hon. Ibrahim Mustapha. Kyari said the country, which produced 2.3mbpd before Covid-19, currently produces between 1.6mbpd and 1.2mbpd against 1.8mbpd approved by Organization of Petroleum Exporting Countries .