His statement came after elite forces became the latest troops to strike over unpaid bonuses in recent weeks, firing their weapons into the air in the army barracks town of Adiake.
Farmajo, 55, is known for his anti-corruption work during eight months he served as prime minister six years ago.
Tumbling oil prices have been a gift to some but they’ve blown a huge hole in Nigeria’s balance sheet which some fear may set the once promising African economy into a tail spin. What could be worse than finding you have a trillion dollar budget gap and an insurgent group that threatens to hit whatever oil wells remain?