To this end, one of the people handling the committee will be Pastor Tunde Bakare, who was the president-elect's running mate in 2011.
Buhari will also interview members of the committee, and may elevate them to ministerial positions, ThisDay said.
He also promised the PDP members who have defected to his party justice, despite the dark history they have shared.
Buhari said: “It is a difficult time for Nigerians as you all know. I have said it in the past that in the last 16 years, Nigeria has never realised the amount of revenue it received. A barrel of crude oil rose to about $140 and has crashed to about $50 now.
“During the 16 years, we knew some big companies that employed a lot of Nigerians and gave them training facilities like the Nigeria Airways and the Nigeria Shipping Line.
“Even the Nigerian Railways is managing to be on paper with some refurbished engines moving from Lagos to Ibadan and a few other places. But if you go to their stations all over the country, you will realise that they are in a terrible shape.
“The important thing in a country with a huge population of youths, with more than 60 per cent of them under the age of 30 who are unemployed, is that you need these institutions to give jobs and training to Nigerians.
“It is very disappointing that the PDP government virtually failed to use those resources to make sure that the economy continues to grow in a sustainable way.
“I think the worst thing is the lack of accountability and the terrible budgetary system. Imagine that over 90 per cent of Nigeria’s budget is spent on recurrent spending.
“How can you sustain development in a developing country like Nigeria with only about 10 per cent of your income going to capital spending? Things just have to change.”