Federal Ministry of Finance
The Federal Ministry of Finance is responsible for managing the financial resources of the Federal Government of Nigeria. It plays a central role in formulating fiscal policies, coordinating public finance, and ensuring the sustainable management of the nation's economy. As the custodian of national revenue and expenditure, the ministry is key to promoting economic stability, transparency, and growth.
Working closely with financial institutions, regulatory agencies, and development partners, the ministry ensures efficient allocation and use of public funds to support national development priorities.
Core Functions and Responsibilities:
- Formulating and implementing sound fiscal and financial policies to support economic development
- Preparing and managing the federal budget in collaboration with relevant ministries and agencies
- Managing government revenue, expenditure, and public debt to ensure fiscal sustainability
- Overseeing agencies such as the Federal Inland Revenue Service (FIRS), the Office of the Accountant-General of the Federation, and the Nigeria Customs Service
- Supervising the collection of federal revenue and monitoring the financial performance of government institutions
- Promoting accountability and transparency in public financial management
- Engaging with international financial institutions, multilateral organizations, and credit rating agencies
- Supporting economic reforms and initiatives aimed at improving Nigeria's investment climate and financial system
This dashboard provides insights into the ministry's budgetary allocations, revenue generation, and fiscal performance, highlighting its critical role in shaping Nigeria's economic direction.
