Who Runs Naija/
/Executive

Federal Ministry of Finance

Public finance, fiscal policy, and coordinating minister of the economy.

Legal basisWebsite

Minister of Finance and Coordinating Minister of the Economy

TOTaiwo OyedeleAppointed 2026

From Ondo State, South West · Federal character

What the Constitution says

  • s.147(2)

    The President appoints every minister, but only after the Senate confirms the nomination. At least one minister must come from each state (s.147(3)).

  • s.5(1)

    The executive power of the Federation belongs to the President, who may exercise it directly or through the Vice-President, ministers and other officers.

2026 budget

All ministries

₦869 billion1.3% of the ₦68.32 trillion budget

  • Salaries ₦53.8 billion
  • Running costs ₦8.94 billion
  • Projects ₦807 billion

Not counted above: ₦15.81 trillion (Debt service, paid through the Debt Management Office).

Largest lines, of 6

  1. Nigerian Bulk Electricity Trading PLC.₦601 billion · p.924
  2. Federal Ministry of Finance₦209 billion · p.924
  3. Office of the Accountant- General of the Federation₦50.6 billion · p.924
  4. Pension Transitional Arrangement Department (PTAD)₦4.74 billion · p.924
  5. Investment and Securities Tribunal₦2.44 billion · p.924

Source: 2026 Appropriation Act, p.924

Where it appears in the news

  • EFCC opens probe into suspect arrested with $265,000 cash at Kano airport

    Sep 29, 2026

    EFCC said operatives of the Nigeria Customs Service (NCS) intercepted the suspect, Adam Musa Adam, during a routine screening operation at at the Mallam Aminu Kano International Airport (MAKIA) Kano, Kano State.

    premiumtimesng.com ↗

  • Clarifying Nigeria’s SEC circular on implementation of IFRS sustainability standards, By Innocent Okwuosa

    Sep 28, 2026

    The Circular, in pointing out the monitoring role of SEC over regulated entities transitioning to mandatory reporting and compliance role with the implementation timeline, as part of its oversight of financial reporting, has sent panic among listed entities. T

    premiumtimesng.com ↗
President of the Federal Republic of Nigeria oversees Federal Ministry of Finance. s.5(1): The executive power of the Federation belongs to the President, who may exercise it directly or through the Vice-President, ministers and other officers.People of Nigeria elects President of the Federal Republic of Nigeria. s.132–134: Voters elect the President every four years. To win outright, a candidate needs the most votes and at least a quarter of the votes cast in two-thirds of the states and the FCT.Senate of Nigeria confirms Federal Ministry of Finance. s.147(2): The President appoints every minister, but only after the Senate confirms the nomination. At least one minister must come from each state (s.147(3)).National Assembly oversees Senate of Nigeria. s.47–49: The National Assembly is two chambers, the Senate and the House of Representatives, and voters elect both.People of Nigeria elects National Assembly. s.47–49: The National Assembly is two chambers, the Senate and the House of Representatives, and voters elect both.President of the Federal Republic of Nigeria appoints Federal Ministry of Finance. s.147(2): The President appoints every minister, but only after the Senate confirms the nomination. At least one minister must come from each state (s.147(3)).Olayemi CardosoOla OlukoyedeMusa Adamu AliyuJoash AmupitanHafsat Abubakar BakariAnthony OjukwuMohammed Bello ShehuVacant seatFemi GbajabiamilaHashimu Salihu ArgunguAyo Hulayat OmidiranBashir AbubakarShaakaa Kanyitor ChiraNasir Isa KwarraTunji OlaopaGeorge AkumeAdebowale AdedokunNuhu RibaduAbel Olumuyiwa EnitanNyesom WikeJoseph Olasunkanmi TegbeShuaibu Abubakar AuduDavid UmahiAyodele OlawandeAbubakar Atiku BaguduMuhammad Ali PateMuhammadu Maigari DingyadiAdegboyega OyetolaChristopher Gwabin MusaTaiwo OyedeleMuttaqa Rabe DarmaLateef Olasunkanmi FagbemiKingsley T. UdehFestus KeyamoJumoke OduwoleOlubunmi Tunji-OjoMaruf Tunji AlausaIdi Mukhtar MaihaBola Ahmed TinubuAbubakar KyariBalarabe Abbas LawalMohammed IdrisImaan Sulaiman-IbrahimBosun TijaniIbrahim GaidamOladele Henry AlakeZephaniah Bitrus JisaloSa'idu AlkaliBianca Odumegwu-OjukwuJoseph Terlumun UtsevHannatu Musa MusawaBernard M. DoroAbubakar MomohKudirat Kekere-EkunKudirat Kekere-EkunMonica Dongban-MensemJohn TsohoMainasara Umar KogoPatience OnihaEmomotimi AgamaZacch AdedejiThompson Oludare SundayShamseldeen B. OgunjimiGbenga AladeOlusegun Ayo OmosehinOmolola OloworaranBashir Adewale AdeniyiJUDICIALLEGISLATIVEEXECUTIVEFECNATIONAL ASSEMBLYPRESIDENCYFEDERAL BODIESMINISTRIESAbuja, Federal Capital TerritoryPeople of Nigeria
Key

Entities

Relationships

ElectsAppointsConfirmsOverseesChairs