Finance Minister of Nigeria

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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 Ngozi Okonjo-Iweala.

Duties of the Ministry[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[edit]

Name Term
Festus Okotie-Eboh 1960–1966
Adamu Ciroma 1999–2003
Ngozi Okonjo-Iweala 2003–2006
Nnenadi Usman 2006–2007
Shamsuddeen Usman 2007–2009
Mansur Mukhtar 2009–2010
Olusegun Olutoyin Aganga 2010– June, 2011
Ngozi Okonjo-Iweala July 2011–Present

Other[edit]

This title is often referenced in unsolicited spam or phishing e-mails that are intended to trick the reader into sending personal information to a scam artist who will then use the information in an unethical way.

Another common email scam referencing this title is known as the Nigerian Advance Fee or '419' scam. The '419' refers to the paragraph citation in Nigeria's criminal laws. Another variation that may sometimes reference this title includes a false claim that an individual's email address was drawn as a winner of an astronomical sum of money.

Some of the emails, both the phishing emails, and the Advance Fee fraud or '419' emails, often reference this article directly in Wikipedia by linking to it, in an attempt to establish a claim of legitimacy as to who they are that are asking for personal information in those emails.

See also[edit]

References[edit]