Ministry of Finance (Nigeria)
The Nigerian Ministry of Finance is the government body that manages the finances of the Federal Government of Nigeria, including managing, controlling and monitoring federal revenues and expenditures.[1]
Services
Services include collecting and disbursing government revenue, formulating policies on taxation, tariffs, fiscal management etc., preparing and managing the budget, preparing annual accounts for ministries, departments and agencies, managing federal debt and regulating the capital market.[1]
Leadership
A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet. Stephen Osagiede Oronsaye was appointed Permanent Secretary of the Federal Ministry of Finance on August 20, 2008.[2] He was appointed Head of the Nigerian Civil Service in June 2009.[3] The Permanent Secretary as of December 2009 was Dr. Ochi C. Achinivu.[4] Shamsuddeen Usman was Minister of Finance from July 2007 to January 2009, when he was replaced by Mansur MuhtarNgozi-Okonjo Iweala, assumed office as the minister of finance on 11 July, 2011.[5][6]
Parastatals and agencies
The Ministry of Finance is responsible for a number of parastatals and agencies:
- Office of the Accountant General of the Federation Of Nigeria
- Federal Inland Revenue Service
- Investment and Security Tribunal
- National Insurance Commission
- NEXIM
- Nigeria Deposit Insurance Corporation
- Nigerian Customs Service
- Security and Exchange Commission
See also
References
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