Nigeria Ministers of Finance

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.

Mallam Adamu Ciroma

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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