A Review of the Nigerian Energy Industry

Jonathan admits massive corruption in Nigeria’s oil sector

22 February 2012, Sweetcrude, ABUJA – Nigeria’s President Goodluck Jonathan has admitted the existence of massive corruption in the nation’s oil sector.

The president, who cited the the banking sector as another area rife with corruption, said though his government was tackling the problem.

Using the case of fertiliser to explain the corruption in the two sectors, he said: “Corruption is not just one group of people. Look at fertiliser. When government used to distribute it, there was a lot of corruption.

“Today the farmer buys fertiliser directly from the manufacturers and dealers. The government subsidies the fertiliser. We give farmers tokens so they can buy it and cut out the middleman. So corruption is reduced.

“That’s exactly what I want to do with the oil sector and also in the banking sector. There are massive corrupt practices.”

President Jonathan disclosed this in an exclusive chat with Jonathan Power, a Swedish journalist and commentator.

He stated that corruption was, however, not the problem slowing Nigeria’s development as according to him, many states of the federation, with focused leadership were witnessing positive transformation.

He cited Akwa Ibom and Rivers States as examples of states that were doing well despite corruption.

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  • johnson

    mr president,goodluc azikiwe ebele onathan.has fail us,he has noting to offer the youth and the people.he has faild we made a very big mistake voting him.my heart is very bitte towards you mr president.

  • Mr p

    Kai! This kind president na wa o… Hw u go talk say despite corruption sm states d flourish. Hmmm… I no fit shout. Mr president, please fight corruption in its totality, and spare us all d unnecessary theoritical hullabaloo&grammatical bruhaha. Gbagam!

  • Eriwa dot com

    Mr president, we will be very happy if you kindly declare your asset, so that when you talk of corruption we will listen and beleive you. But now Mr. President i dont have trust in you

  • Kelechi

    johnson.If mr president has failed you,it means u score below the pass mark or u ar among the corrupt citizeens.Those who ar nt in d system,are in d enviroment and definitely will nt understand what is happening inside the system. Mr president is doing perfactly well at his own best. Even if GOD should come down to rule Nig alone, I know many will still complain. It is nt new with the isrealite.

  • ayo

    How will a courageous leader say such words without planning to prosecute the perpectrators to serve as warning to others. Mr president, is either you prosecute the vandal in NNPC and other Govt offices or you resign. period!

  • Jones

    To me I know Mr president will bring development and he has start from some were and who ever have doubt on him will realise it later from now. I believe in change and I believe he is a source of change we just have to bear any pains it may cost us for now. PROUDLY NIGERIA.

  • Pius oniomo

    Well let give it a try once again

  • Massive corruption, looting and stealing are not the only problem. Your cluelessness, planlessness, visionlessness and your just coasting along, praying and hoping for the best are equally troubling. You and your government see the office of Presidency as an avenue to swell the pockets of your cronies, friends, family members and praise singers and hangers on. Not to worry military coups are no longer fashionable and are not better, but people’s power and revolts are now the in thing. You must make meaningful progress, rule from the front or face the anger of the people.

  • kany

    “He stated that corruption was, however, not the problem slowing
    Nigeria’s development as according to him…”
    Mr oga president……den wat is slowin 9ja development?? U dnt rily kno wat u r talkin abt..

  • Mr president seat state like Rivers and Akwa lbow as state performing,are they performing more than Lagos and EDO state,mr president playing politics with lnterview.

  • Well, for those who think they can use our national resourses for their own personal selfish interest while 90% of nigerians are suffering, let them continue but I assured them one thing that, nigerians are getting wiser daily; even poorest people are making progress to ensure that they are informed through education. Nigerian youth are graduating out of the system daily, but no provision made for them… We’re like a bomb that’s yet to explode, & unless urgent action govt…


  • He has no ideal

  • Mofi

    Am highly disapionted in mr president speach. Inshort he is a failure, he pretended to be saint nt knowg that he is a devil in desguisde. He is nt a man of hs word. He lack administrative knowledge to rule dis country nd finaly he is incoherent and lack d wil to fight corrucption.

  • springwater

    i think cluelessness and planlessness are mr. president’s biggest problems…….

  • Badru

    Exactly Bobo. Ribadu nailed it after accepting his appointment that once again Corruption has returned to the front burner.
    Anyways the International Community does not need Mr President’s endorsement on Fashola to know that the only yardstick of performance is Lagos.
    Fashola cannot but be recognised Lagos is Nigeria’s window to the outside world. If Bala Mohammed could leave the comfort of his coveted office in Abuja to learn some ropes from Fashola Haba! Mr president did Bala Mohd not see Amaechi or Akpabio?
    Give honour to whom its due.


  • You and all governors declear their assets, when this is done you are free to fight others.

  • Nice blog here! Also your website quite a bit up very fast! What host are you using? Can I am getting your associate hyperlink in your host? I desire my website loaded up as quickly as yours lol

  • Henry Ekong

    The petroleum sector requires indigenous role in tackling corrupt practices within industrial operators.
    The youth of Akwa Ibom state should be recruited to foresee effective implementation of Government regulations through various Trade Union.
    Remember that we are “peace loving”.

    Henry Ekong, Akwa Ibom State Zonal Chairman Association of Erectors, Riggers and Scaffolders of Nigeria. AERSON Eket