Finance Minister of Nigeria Totally Explained

Everything about Finance Minister Of Nigeria totally explained

The Minister of Finance of Nigeria is a senior cabinet official in the Nigerian Federal Executive Council. The Finance Minister's main responsibility is to manage the finances of the Nigerian treasury in a transparent, accountable and efficient manner to bolster the country's economic development priorities. The current Minister of Finance is Shamsuddeen Usman.

Appointment

The Minister of Finance is appointed by the President of Nigeria subject to the confirmation of the nomination by the Nigerian Senate.

Schedule of Duties

Preparation of annual budgetary estimates of revenue and expenditure for the Federal Government.
Determination of Federal Government fiscal policies.
Mobilization of domestic and external financial resources for national development purposes.
Management of foreign exchange reserves.
Management of Federal Government revenue.
Currency valuation.
Regulation of the insurance industry
Revenue allocation management.

Parastatals and Agencies

Office of the Accountant General of the Federation Of Nigeria

Budget Office of the Federation

Federal Inland Revenue Service

Investment and Security Tribunal

National Insurance Commission

NEXIM

Nigeria Deposit Insurance Commission

Nigerian Customs Service

Security and Exchange Commission

Ministers of Finance


NAME	TERM

Festus Okotie-Eboh	1960–1966
Olu Falae	1989–1991
Adamu Ciroma	1999–2003
Ngozi Okonjo-Iweala	2003–2006
Nneadi Usman	2006–2007
Shamsuddeen Usman	2007–incumbent

Further Information

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