The Nigeria Ministers of Finance manages Federal Government of Nigeria finances. The Nigeria Ministers of Finance involves in controlling and monitoring revenues and spendings of the Federal Government. The Nigeria Ministers of Finance are appointed the President with approval and consent of the Senate. The Minister of Finance is sometime assisted by the Minister of State for Finace. A senior civil servant acts as Permanent Secretary of the Minister of Minister of Finance. The Permanent Secretary assist the Minister who is a Cabinet member of the President. The Ministry of Finance oversees several parastatals and agencies. Apart from these, the Federal Ministry of Finance also make policies on taxation, tariffs, fiscal management, preparing of the nation’s annual budget, managing federal debt, regulating of capital market, preparing of annual accounts for ministries, departments, agencies, and so on.
These Are Pasts and Present Nigeria Ministers of Finance from 1957 till date:
1.
Festus Okotie-Eboh
Minister of Finance
Aug. 1957 – Jan. 1966.
2.
Abdul Aziz Attah
Permanent Secretary
Jan. 1966 – July 1966.
3.
Ibrahim Damchida
Permanent Secretary
Aug. 1966 – July 1967.
4.
Chief Obafemi Awolowo
Federal Commissioner of Finance (Presently known as Minister of Finance).
1967 – 1971.
5.
Alhaji Usman Aliyu Shehu Shagari
Federal Commissioner of Finance (Presently known as Minister of Finance).
6.
Asumoh Ete Ekukinam
Nigeria Minister of Finance
1976 – 1977.
7.
Maj. Gen. James Oluleye Johnson
Nigeria Minister of Finance
1977 – 1979.
8.
Sunday Essang
Minister of Finance & Works.
Dec. 1979 – Oct. 1983.
9.
Dr. Olusegun Onaolapo Soleye
Nigeria Minister of Finance
1984 – Aug. 1985.
Read also: National Assembly Principal Officers
10.
Dr. Kalu Idika Kalu
Nigeria Minister of Finance
1985 – 1986.
11.
Dr. Sonny Chu Okongwu
Nigeria Minister of Finance
1986 – 1990.
12.
Chief Olu Falae
Nigeria Minister of Finance
Jan. 1990 – Aug. 1990.
13.
Alhaji Abubakar Alhaji
Nigeria Minister of Finance
Aug. 1990 – 1993.
14.
Aminu Saleh
Nigeria Minister of Finance
1993 – Nov. 1993.
15.
Etubom Anthony Ani
Nigeria Minister of Finance
1994 – 1998.
16.
Alhaji Ismaila Usman
Nigeria Ministers of Finance
Akpan Wilson Etukudo – State
1998 – May 1999.
17.
Nigeria Ministers of Finance
Jubril Martins Kuye – State
1999 – 2003.
18.
Ngozi Okonjo Iweala
Nigeria Ministers of Finance
2003 – 2006.
Nenadi Esther Usman – State
She later became substantive Minister of Finance from 2006 – 2007.
19.
Shamsudeen Usman
Nigeria Ministers of Finance
June 2007 – Jan. 2009.
Aderemi Babalola – State
July 2007 – Sept. 2010.
20.
Olusegun O. Aganga
Minister of Finance
Feb. 2010 – May 2011.
21.
Ngozi Okonjo Iweala
Nigeria Ministers of Finance
Yerima Lawal Ngama – State
2011 – 2015.
22.
Kemi Adeosun
Minister of Finance
2015 – Sept. 2018.
23.
Zainab Ahmed
Minister of Finance
Sept. 2018 till date.
PARATASTATALS AND AGENCIES UNDER FEDERAL MINISTRY OF FINANCE
- Nigeria Deposit Insurance Corporation.
- Nigeria Export Import Bank (NEXIM).
- Security and Exchange Commission.
- National Insurance Commission.
- Value Added Tax.
- Budget Office of The Federation .
- Central Bank of Nigeria (CBN).
- Debt Management Office.
- Federal Inland Revenue Service (FIRS).
- Nigeria Customs Service (NCS).
- Federal Mortgage Bank of Nigeria.
- Joint Tax Board (JTB).
- National Economic Reconstruction Fund (NERFUND).
- National Revenue Mobilization Commission.
- Nigeria Social Insurance Trust Fund (NSITF).
- Office of Auditor General of the Federation.
- Bank of Agriculture.
- Bank of Industry Limited.
- Public Account Committee.
- Urban Development Bank of Nigeria PLC.
- Investment and Security Tribunal.
SOURCES
https://www.easeofdoingbusinessnigeria.com/mdas/federal-ministry-of-finance
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