Kachikwu stated this at the 2016 Convocation of the Petroleum Training Institute , Effurun, Delta State, on Saturday.
He said that there was no doubt that the country was passing through a difficult phase due to dwindling oil revenue but that Buhari was working hard to lay a sustainable foundation for the country.
“I must say that Mr President is putting in place solid foundation such that if the country gets out of this current situation, it will never get back to it.
“This might not be immediate but please bear with us, for we are working round the clock to find a lasting solution,” the minister said.
He said Nigerians have the human capacity to do well and urged every institution, individuals and family to have a change of attitude in what they do to ensure effective management of available resources.
According to Kachikwu, the consumption pattern of the people needs to change.
He commended the institute for proper management of funds and urged them to evolve ideas that could make the institution self reliant.