President Muhammadu Buhari on Tuesday named himself as Nigeria’s petroleum minister.
Buhari said he would personally head the Ministry of Petroleum Resources in the new cabinet,although there would be a Minister of State for Petroleum
Addressing some select reporters in New York on Tuesday, after addressing a Global Leaders’ Summit on Countering ISIL and Violent Extremism, the President said: “I will remain Minister of Petroleum, and I will appoint a minister of State for Petroleum”.
According to him, this 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 the prosecution of those who misappropriated NNPC’s revenue under past administrations would soon commence.
On Corruption, he pledged that the federal government will fight corruption, because it has been identified as the root of all problems hindering Nigeria as a nation.
Former President Olusegun Obasanjo, for most part of his tenure, was also the minister of petroleum.