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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 Zainab Shamsuna Ahmed appointed on 14 September 2018 in Abuja - Nigerian President Muhammadu Buhari accepted the resignation of his Finance Minister Kemi Adeosun.[1]

Duties of minister

  • 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 FinanceEdit

Name Term
Festus Okotie-Eboh 1960–1966
Obafemi Awolowo 1967–1971
Shehu Shagari 1971–1975
Asumoh Ete Ekukinam 1976–1977
James Oluleye 1977–1979
Sunday Essang 1979–1983
Onaolapo Soleye 1984–1985
Kalu Idika Kalu 1985–1986
Chu Okongwu 1986–1990
Olu Falae 1990–1990
Abubakar Alhaji 1990–1993
Aminu Saleh 1993–1993
Kalu Idika Kalu 1993–1994
Anthony Ani 1994–1998
Ismaila Usman 1998–1999
Adamu Ciroma 1999–2003
Ngozi Okonjo-Iweala 2003–2006
Nenadi Usman 2006–2007
Shamsuddeen Usman 2007–2009
Mansur Mukhtar 2009–2010
Olusegun Olutoyin Aganga 2010– June, 2011
Ngozi Okonjo-Iweala July 2011–May 2015
Kemi Adeosun 11 November 2015– September 2018
Zainab Ahmed September 2018 – present

See alsoEdit

ReferencesEdit