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 Muhtar.^[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
• Budget Office of the Federation
• 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

• Finance Minister of Nigeria
• Federal Ministries of Nigeria
• Nigerian Civil Service

References

1. ^ ^{a b} "Federal Ministry of Finance, Nigeria". Federal Ministry of Finance, Nigeria. http://www.fmf.gov.ng/FMF_ServiceCharter.aspx. Retrieved 2009-12-22. 
2. ^ "...The Man, Oronsaye". The Guardian. June 12, 2009. http://www.ngrguardiannews.com/news/article16//indexn3_html?pdate=120609&ptitle=...The%20Man,%20Oronsaye&cpdate=120609. Retrieved 2009-12-21. ^{[dead link]}
3. ^ Emmanuel Onwubiko (06/22/09). "WILL STEVE ORONSAYE SUCCEED?". Point Blank News. http://www.pointblanknews.com/artopn1455.html. Retrieved 2009-12-21. 
4. ^ "Permanent Secretaries". Office of the Head of Service of the Federation. http://hosf.gov.ng/civil_service/disposition_list_5. Retrieved 2009-12-20. 
5. ^ "Yar'Adua names cabinet". Africa News. Friday 27 July 2007. http://www.africanews.com/site/Nigeria_YarAdua_names_cabinet/list_messages/10239. Retrieved 2009-12-15. 
6. ^ Nosike Ogbuenyi, Abimbola Akosile and Sufuyan Ojeifo (19 December 2008). "Yar'Adua Renews His Mission". ThisDay. http://allafrica.com/stories/200812190005.html. Retrieved 2009-12-17.