In this post I will like to explain who are the NIGERIA Ministry of finance
What are the roles and duties of Nigeria ministry of finance and their responsibilities
Nigeria ministry of finance
Federal Ministry of Finance is the government body that manages the finances of the Nigeria Federal Government including managing, controlling and monitoring federal revenues and expenditures.
Duties of ministry of finance
The duties of ministry is to manage the nation’s finances in an open, transparent, accountable and efficient manner that delivers on the country’s developmental priorities”.
Aim of ministry of finance
The Ministry’s principal goals and operational targets are:
To stable economy and a good standard of living
To Long-term treasury equilibrium
To An economical and efficient tax environment
To Responsible and performance oriented management of state finances
To Transparent government operations and an effective organizational structure
To State employment of staff of the highest quality, who operate in a conducive work environment
To Delivery by the Ministry of a reliable service with the emphasis on professional work.
Roles of Nigeria ministry of finance
Roles of finance ministry: Some of the role of the finance ministry include collecting and disbursing government revenue, formulating policies on taxation, tariffs, fiscal management etc., preparing and managing the annual budget, preparing annual accounts for ministries, departments and agencies, managing federal debt and regulating the capital market.
Past Leaders of ministry of finance
Stephen Osagiede Oronsaye
Ochi C. Achinivu
Shamsuddeen Usman
Mansur Muhtar.
Ngozi Okonjo-Iweala,
Kemi Adeosun
Mrs Zainab Ahmed
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.
Responsibilities of ministry of finance
The Ministry of Finance is responsible for a number of parastatals and agencies:
Office of the Accountant General of the Federation Of Nigeria
Central Bank of Nigeria
Federal Inland Revenue Service
Investment and Security Tribunal
National Insurance Commission
Nigerian Export Import Bank
Nigeria Deposit Insurance Corporation
Nigerian Customs Service
Securities and Exchange Commission
DEPARTMENTS of ministry of finance
ANTI-CORRUPTION AND TRANSPARENCY UNIT (ACTU)
CASH MANAGEMENT DEPARTMENT
ECONOMIC RESEARCH AND POLICY MANAGEMENT DIVISION
FINANCE AND ACCOUNT DEPARTMENT
GENERAL SERVICES DEPARTMENT
HOME FINANCE DEPARTMENT
HUMAN RESOURCE MANAGEMENT
ICT DEPARTMENT
INFORMATION/PRESS UNIT
INTERNAL AUDIT DEPARTMENT
INTERNATIONAL ECONOMICS RELATIONS DEPARTMENT
LEGAL UNIT
PRESIDENTIAL INITIATIVES ON CONTINUOUS AUDIT
PROCUREMENT
REFORM COORDINATION AND SERVICE IMPROVEMENT
YOUTH EMPLOYMENT AND SOCIAL SUPPORT OPERATION
