Finance Minister of Nigeria
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 | |
|---|---|
 | |
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 |
Duties of the 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 Finance
| Head of government | Name | Term |
|---|---|---|
| Sir Abubakar Tafawa Balewa | Festus Okotie-Eboh | 1960–1966 |
| Johnson Aguiyi-Ironsi | Obafemi Awolowo | 1967–1971 |
| Shehu Shagari | 1971–1975 | |
| Murtala Muhammed | 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 |
References
- "CLOSE-UP: This is Zainab Ahmed - the new finance minister who schooled in Ogun state". TheCable. 2018-09-15. Retrieved 2020-02-26.
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