Federal Ministry of Finance

Posted by on 2009/02/14 | Views: 780 |

Federal Ministry of Finance
Address:
Ahmadu Bello Way, Central Area,
P.M.B. 14, Garki,
Abuja

Tel: 09-2346290-5
Website: http://www.fmf.gov.ng/
E-mail: susman@nigeria.gov.ng, ababalola@nigeria.gov.ng


MISSION

To manage the nation's finances in an open, transparent, accountable and efficient manner that delivers on the country's development priorities.


SCHEDULE OF DUTIES

The following are the functions of the Federal Ministry of Finance:

Preparing annual estimates of revenue and expenditure for the Federal Government:

Formulating policies on fiscal and monetary matters;

Mobilizing domestic and external financial resources through both internal and external financial institutions, for development purposes.

Maintaining adequate foreign exchange reserves aimed at ensuring a healthy balance of payment position;

Maintaining the internal and external value and stability of the Nigerian currency; Monitoring government revenue from oil and non-oil resources;

Supervising the insurance industry;

Managing revenue allocation matters;

Relating with relevant international organization and Financial institutions, such as the Economic Commission for Africa, World Bank, International Monetary Fund (IMF). United Nations Development Programmes (UNDP), Commonwealth Economic Committee, European Union/Africa. Caribbean and Pacific, Economic and Social Commission of the AU, ECOWAS, etc.

PARASTATALS/AGENCIES

Office of the Accountant General of the Federation Of Nigeria
Budget Office of the Federation www.budgetoffice.gov.ng
Federal Inland Revenue Service www.firs.gov.ng
Investment and Security Tribunal
National Insurance Commission
NEXIM
Nigeria Deposit Insurance Commission www.ndic-ng.com
Nigerian Customs Service www.customs.gov.ng
Security and Exchange Commission www.sec.gov.ng
Debt Management Office www.dmo.gov.ng





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Olusola Okhiria Nee Sodunke(Newport, Newport, UK)says...

This is a great piece of history, which is dear to our hearts as people and very much appreciated.

Many thanks to the people who worked hard in the past and those who are still making efforts to keep the institution.

The labour is obviouly worth it. We are proud of you all.

A lot still to be done, with the motivation of the champions of this course, others will follow as well to maintain the institution

May God continue to keep the edifice for development of future generations to the glory of God and the benefits of our fatherland.