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Finance Minister of Nigeria

From Wikipedia - Reading time: 3 min
Minister of Finance of Nigeria
Incumbent
Wale Edun
since 16 August 2023
Federal Ministry of Finance
StyleMr. Minister
(informal)
The Honorable
(formal)
Member ofFederal Executive Council
Reports toThe President
SeatAbuja
AppointerThe President
Formation1960
First holderFestus Okotie-Eboh
Websiteosgf.gov.ng

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]

Duties of the minister

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  • 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

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Head of government Name Term
Sir Abubakar Tafawa Balewa Festus Okotie-Eboh 1960–1966
Johnson Aguiyi-Ironsi

Yakubu Gowon

Obafemi Awolowo 1967–1971
Shehu Shagari 1971–1975
Murtala Muhammed

Olusegun Obasanjo

Asumoh Ete Ekukinam 1976–1977
Olusegun Obasanjo James Oluleye 1977–1979
Shehu Shagari Sunday Essang 1979–1983
Muhammadu Buhari Onaolapo Soleye 1984–1985
Ibrahim Babangida Kalu Idika Kalu 1985–1986
Chu Okongwu 1986–1990
Olu Falae 1990–1990
Abubakar Alhaji 1990–1993
Ernest Shonekan Aminu Saleh 1993–1993
Sani Abacha Kalu Idika Kalu 1993–1994
Anthony Ani 1994–1998
Abdulsalami Abubakar Ismaila Usman August 1998 – May 1999
Olusegun Obasanjo Adamu Ciroma June 1999 – May 2003
Ngozi Okonjo-Iweala 15 July 2003 – 21 June 2006
Nenadi Usman July 2006 – May 2007
Umaru Musa Yar'Adua Shamsuddeen Usman June 2007 – 17 December 2008
Mansur Mukhtar 17 December 2008 – 17 March 2010
Goodluck Jonathan Olusegun Olutoyin Aganga 6 April 2010 – June 2011
Ngozi Okonjo-Iweala 17 August 2011 – 29 May 2015
Muhammadu Buhari Kemi Adeosun 11 November 2015 – 14 September 2018
Zainab Ahmed 14 September 2018 – 29 May 2023
Bola Tinubu Wale Edun 21 August 2023 – present

See also

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References

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  1. ^ "CLOSE-UP: This is Zainab Ahmed - the new finance minister who schooled in Ogun state". TheCable. 2018-09-15. Retrieved 2020-02-26.

Sources

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Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Finance_Minister_of_Nigeria
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