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Finance Minister of Nigeria
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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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