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]
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 Finance
| 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 | August 1998 – May 1999 |
| Adamu Ciroma | June 1999 – May 2003 |
| Ngozi Okonjo-Iweala | 15 July 2003 – 21 June 2006 |
| Nenadi Usman | July 2006 – May 2007 |
| Shamsuddeen Usman | June 2007 – 17 December 2008 |
| Mansur Mukhtar | 17 December 2008 – 17 March 2010 |
| Olusegun Olutoyin Aganga | 6 April 2010 – June 2011 |
| Ngozi Okonjo-Iweala | 17 August 2011 – 29 May 2015 |
| Kemi Adeosun | 11 November 2015 – 14 September 2018 |
| Zainab Ahmed | 14 September 2018 – 29 May 2023 |
| Wale Edun | 21 August 2023 – present |
See also
References
- ^ "CLOSE-UP: This is Zainab Ahmed - the new finance minister who schooled in Ogun state". TheCable. 2018-09-15. Retrieved 2020-02-26.