President Muhammadu Buhari on Tuesday, said that he will personally head the Ministry of Petroleum Resources in the new cabinet.
Buhari said this while addressing some reporters in New York, after addressing a Global Leaders’ Summit on Countering ISIL and Violent Extremism.
Buhari said: “I will remain Minister of Petroleum.
“I will appoint a minister of State for Petroleum”.
Buhari explained that the step is being taken as part of efforts to sanitise Nigeria’s oil industry which is said to be plagued by corruption, massive fraud, and crude oil theft.
He said that the first step in this direction had already been taken with the appointment of a new management for the NNPC and its subsequent reorganisation.
The President said that the prosecution of those who misappropriated NNPC’s revenue under past administrations would soon commence.
Restating his determination to sanitise Nigeria’s oil industry and free it from corruption and shady deals, Buhari pledged that the federal government will fight corruption, because it has been identified as the root of all problems hindering Nigeria as a nation.