Federal Ministry of Finance, Overview, Address

Filed in News by on June 7, 2019

Federal Ministry of Finance, Overview, Address, government body that manages the finances, managing, controlling and monitoring federal revenues and expenditures managing, controlling and monitoring federal revenues and expenditures.

Federal Ministry of Finance, Overview, Address

Federal Ministry of Finance, Overview, Address

About the Ministry

The Federal Ministry of Finance, a government body that manages the finances of the Federal Government of Nigeria, including managing, controlling and monitoring federal revenues and expenditures.

Address

Ahmadu Bello Way,

Central Business District,

P.M.B. 15, Abuja, Nigeria.

Monday To Friday

9:00am To 4:00pm

Phone

+234 (0)

+234 (0)

Email us

info@finance.gov.ng

OVERVIEW AND MANDATE OF THE MINISTRY

Introduction

The Finance Act of 1958 empowers the Federal Ministry of Finance to administer and control the finances of the Federal Government of Nigeria. In line with the Act, the Ministry is responsible for the formulation of fiscal policies, mobilization of resources for development purposes and regulation of Federal Government expenditure. It co-ordinates the sharing of revenue among the three tiers of government.

 

Other Laws

Other laws from which the Ministry performs its statutory function includes

– The Presidential Assignment of Responsibilities gazette No. 15, Vol.76 of March 3, 1989.
– The Foreign Exchange (Monitoring and Miscellaneous Provision) Act of 1995.
– Pre-shipment Inspection of Export Decree of 1996. (Now, Destination Inspection).

Mandate of the Ministry

The Ministry is statutorily mandated to carry out the following major assignments:

– Formulating policies and fiscal matters.
– Preparing annual estimates of revenue and expenditure for the Federal Government.
– Formulating policies in collaboration with Central Bank of Nigeria to curb inflationary trends on the economy.
– Preparing and publishing quarterly and annual reports on the economy.
– Monitoring domestic and external financial resources for development purposes.

 

HONORABLE MINISTER

Minister of FinanceZainab Shamsuna Ahmed2018–

Permanent Secretary, Ministry of Finance

Alhaji. Mahmoud Isa-Dutse2018–

 

Names of Heads of Departments and Units

 

Director Human Resources and Management – MRS ANITA A. SHITU

Director Reform Coordination and Services Improvement – A.C. AGEDAH, JP

Director, ERPM – DR. ISRAEL IGWE

Director, Press and Public Relations – HASSAN T. DODO

Director, Finance and Accounts – LAMELA LENOS SILAS

Director, Internal Economic Relations (IER) – ALIYU AHMED

Director, Technical Services – BAR. TOR, TSAVSAR  MNI.

Director, General Services – ABIODUN N. ANIBABA (MRS)

Director, Procurement – ARC. IYOGUN IZEBERE .J.

Director, Cash Management – SAMSON I. AROWOJOLU

Director, Legal – MR CHRISTOPHER GABRIEL

Director, Internal Audit – CHIZEA O. PETER

Director, Efficiency Unit – MR OJONIMI IMAJI

Director, Presidential Initiative on Continuous Audit (PICA) – MOHAMMED KYARI DIKWA

Director, GIS – MR. DENNIS O. CHUKWU

Director, (YESSO) – MRS HAJARA SAMI

Director 2(HF)/Chairman MCEBE – OKOKON E. UDO

Office of the Auditor Gen of the Federation – ANYANWU A. A

AD(LIBRARY) – TAUPYEN JOSLYN GEORGE

Head, Anti-Corruption & Transparency Unit (ACTU) – MRS FAOYE E.A.

Departments under the Federal Ministry of Finance include:

– Internal Audit Department
– Procurement Department
– Cash Management Department
– Presidential Initiative on Continuous Audit Department
– Technical Service Department
– Reform Coordination and Service Improvement Department
– International Economic Relations Department
– Human Resource Management Department
– Home Finance Department
– General Services Department
– Finance and Account Department
– Economic Research and Policy Management Department

Units under the Federal Ministry of Finance include:

– Anti-Corruption Unit
– Information and Communication Technology (ICT) Unit
– Internal Audit Unit
– Legal Unit
– Press Unit
– SERVICOM Unit
– Stock Verification Unit
– Library Unit

 

Extra Ministerial Departments, Parastatals and Agencies of the Ministry

 

Office of the Accountant General of the Federation Of Nigeria (OAGF)

Debt Management Office (DMO)

Federal Inland Revenue Service(FIRS)

Security and Exchange Commission (SEC)

Nigeria Deposit Insurance Corporation (NDIC)

National Insurance Commission (NAICOM)

Investment and Security Tribunal (IST)

Nigerian Customs Service (NCS)

National Economic Reconstruction Fund

Nigerian Export Import Bank [NEXIM]

Pension Transitional Arrangement Directorate (PTAD)

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