Finance Minister of Nigeria

Ministry

Minister of Finance of Nigeria

Incumbent
Wale Edun

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.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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* Nigerian Ministry of Finance
* Federal Ministries of Nigeria

## 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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* Official Website - Federal Ministry of Finance
* Current Minister of Finance