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ECONOMY FACTS
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ECONOMY
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 OAU, ECOWAS, etc.
Parastatals
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Accountant General of the Federal Republic Of Nigeria
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Budget Office
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Federal Inland Revenue Service
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Investment and Security Tribunal
National Insurance Commission
NEXIM
Nigeria
Deposit Insurance Commission
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Nigerian Customs Service
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Security and Exchange Commission
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Federal Government Allocation
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