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 main responsibility is to manage the finances of the Nigerian treasury in a transparent, accountable and efficient manner to bolster the country's economic development priorities. The current Minister of Finance is Shamsuddeen Usman.
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[edit] Appointment
The Minister of Finance is appointed by the President of Nigeria subject to the confirmation of the nomination by the Nigerian Senate.
[edit] Schedule of Duties
- 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.
[edit] Parastatals and Agencies
- Office of the Accountant General of the Federation Of Nigeria
- Budget Office of the Federation
- Federal Inland Revenue Service
- Investment and Security Tribunal
- National Insurance Commission
- NEXIM
- Nigeria Deposit Insurance Commission
- Nigerian Customs Service
- Security and Exchange Commission
[edit] Ministers of Finance
| NAME | TERM | |
| Festus Okotie-Eboh | 1960–1966 | |
| Olu Falae | 1989–1991 | |
| Adamu Ciroma | 1999–2003 | |
| Ngozi Okonjo-Iweala | 2003–2006 | |
| Nneadi Usman | 2006–2007 | |
| Shamsuddeen Usman | 2007–incumbent | |
