The minister of finance of Nigeria is a senior cabinet official in the Nigerian Federal Executive Council. The finance minister directs the Nigerian Ministry of Finance and ensures that it operates in a transparent, accountable and efficient manner to bolster the country's economic development priorities. The minister is assisted by the permanent secretary of the Ministry of Finance, a career civil servant. The current Nigerian minister of finance is Taiwo Oyedele appointed by President Bola Tinubu on 21 April 2026.
Duties of the minister 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.
Ministers of finance Head of governmentNameTermSir Abubakar Tafawa Balewa Festus Okotie-Eboh 1960–1966Johnson Aguiyi-Ironsi Yakubu Gowon Obafemi Awolowo 1967–1971 Shehu Shagari 1971–1975Murtala Muhammed Olusegun Obasanjo Asumoh Ete Ekukinam 1976–1977Olusegun Obasanjo James Oluleye 1977–1979Shehu Shagari Sunday Essang 1979–1983Muhammadu Buhari Onaolapo Soleye 1984–1985Ibrahim Babangida Kalu Idika Kalu 1985–1986 Chu Okongwu 1986–1990 Olu Falae 1990–1990 Abubakar Alhaji 1990–1993Ernest Shonekan Aminu Saleh 1993–1993Sani Abacha Kalu Idika Kalu 1993–1994 Anthony Ani 1994–1998Abdulsalami Abubakar Ismaila Usman August 1998 – May 1999Olusegun Obasanjo Adamu Ciroma June 1999 – May 2003 Ngozi Okonjo-Iweala 15 July 2003 – 21 June 2006 Nenadi Usman July 2006 – May 2007Umaru Musa Yar'Adua Shamsuddeen Usman June 2007 – 17 December 2008 Mansur Mukhtar 17 December 2008 – 17 March 2010Goodluck Jonathan Olusegun Olutoyin Aganga 6 April 2010 – June 2011 Ngozi Okonjo-Iweala 17 August 2011 – 29 May 2015Muhammadu Buhari Kemi Adeosun 11 November 2015 – 14 September 2018 Zainab Ahmed 14 September 2018 – 29 May 2023Bola Tinubu Wale Edun 21 August 2023 – 21 April 2026 Taiwo Oyedele 21 April 2026 – present
See also
Nigerian Ministry of Finance Federal Ministries of Nigeria
References
Sources Official Website - Federal Ministry of Finance Current Minister of Finance