The Minister of Finance of Nigeria is a senior cabinet official in the Nigerian Federal Executive Council. The Finance Minister's directs the Nigerian Ministry of Finance and ensures that it operates in a transparent, accountable and efficient manner to bolster the country's economic development priorities. The Minister is assisted by the Permanent Secretary of the Ministry of Finance, a career civil servant. The current Nigerian Minister of Finance is Wale Edun appointed by President Bola Tinubu on 16 August 2023.[1]
| Minister of Finance of Nigeria | |
|---|---|
 | |
since 16 August 2023 | |
| Federal Ministry of Finance | |
| Style | Mr. Minister (informal) The Honorable (formal) |
| Member of | Federal Executive Council |
| Reports to | The President |
| Seat | Abuja |
| Appointer | The President |
| Formation | 1960 |
| First holder | Festus Okotie-Eboh |
| Website | osgf |
Duties of the minister
edit- 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.
Ministers of Finance
editSee also
editReferences
edit- ^ "CLOSE-UP: This is Zainab Ahmed - the new finance minister who schooled in Ogun state". TheCable. 2018-09-15. Retrieved 2020-02-26.