Nigerian President Muhammadu Buhari said he will audit more government agencies to cut waste and fight corruption in Africa’s biggest oil producer, while calling for patience in naming his cabinet.
An audit of the state-run oil company will be extended to cover the central bank, Federal Inland Revenue Service, customs and the Nigerian Communications Commission, Buhari said in a speech on Thursday to mark the 55th anniversary of Nigeria’s independence from British colonial rule.
Four months after Buhari took office, Nigerians are still waiting to hear who the president will appoint as ministers to carry out his plans to support the economy in the face of a plunge in oil revenue. Senate leader Bukola Saraki said on Wednesday he received a list of the president’s ministerial nominees and will publish the names next week.
Buhari, 72, is a retired general who unseated the ruling party’s candidate, Goodluck Jonathan, in this year’s election on an anti-corruption platform after three previous failed attempts at the top job. He is faced with a cash crunch caused by a more than halving in oil prices since June last year. Oil proceeds account for 70 percent of government revenue.
“Prudent housekeeping is needed now more than ever in view of the sharp decline in world market oil prices,” Buhari said.