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Federal Ministry of Finance (FMF)
Ahmadu Bello Way, Central Business District
Abuja, Nigeria
PMB 14, Abuja, Nigeria

The Federal Ministry of Finance, Nigeria is open for business Monday through Friday except on national holidays. Our working hours are from 8:00a.m. - 4:00p.m.

FAQs

FAQs

FMF FREQUENTLY ASKED QUESTIONS



Which Departments/ Agencies of the Ministry are responsible for the following activities?
 
Monthly release of appropriated funds.
Answer: Accountant General of the Federation;Distribution by Federation Accounts Allocation Committee (FAAC) and Home Finance Department.

Formulating fiscal policies.
Answer: Fiscal measures, Research and Statistics Department (BOF) and Home Finance.

Implementing fiscal policies.
Answer: Fiscal Measures, Research and Statistics Department (BOF).

Processing of Tariff matters.
Answer: Fiscal Measures, Research and Statistics Department.

Distribution of Revenue from the Federation Account.
Answer: Home Finance Department and Federation Accounts Allocation Committee (FAAC).

Handling matters relating to African capacity Building foundation (ACBF) and the National capacity Building Programme.
Answer: International Economic Relation department (IER).

Formulation and review of tax income and VAT rate policies.
Answer: Fiscal Measures, Research and Statistics department.

Compilation and updating of the list of all companies that pay CIT and monitor such payment.
Answer: Fiscal Measures, Research and Statistics department.

Settlement of income tax and VAT rate disputes. Answer: Fiscal Measures, Research and Statistics department.

Facilitating and monitoring the effective Implementation of World/IFAD assisted projects as well as the amortisation of the facilities. Answer: International Economic Delation Department (IER).

Participating in policy formulation, processing and negotiation of all IBRD, IDA, IFAD loan/credit and grants to Nigeria. Answer: International Economic Relation Department (IER).

Issurance of Annual Budget calls circulars to all Federal Ministries/Extra-Ministerial Departments.  Answer: Expenditure Department.

Production of Green Book (Draft Budget). Answer: Expenditure Department.

Preparation and publication of Annual Report and Quarterly performance Report on the Economy. Answer: Economic Research and Policy Management.

Registration of Contractors. Answer: Administrative Department.

Budget Formulation, Preparation,Defence and Implementation. Answer:Expenditure Department (BOF).

Budget Monitoring and evaluation. Answer: Budget Monitoring and Evaluation Department (BME).

Managing the International Economic Relations of the country. Answer: International Economic Relations Department (IER).

Managing the country’s foreign and domestic debts. Answer: Debt Management Office (DMO).

Monitoring projects financed by Bilateral and Multilateral Institutions. Answer: International Economic Relations Department (IER).

Regulating the Capital Market. Answer: Securities and Exchange Commission (SEC)/Home Finance Department.

Regulating the activities of the Insurance Industry. Answer:National Insurance Commission (NAICOM) and Home Finance Department. 

Resolving Capital Market disputes. Answer: Investment and Securities Tribunal (IST) and Securities and Exchange Commission (SEC)...

Collection of government revenue and formulation of tax Policy.  Answer: Federal Inland Revenue Service (FIRS) and Revenue Department (BOF).

Processing and issuance of waivers. Answer: Fiscal Policy Department (BOF).

Approval of waivers. Answer: Mr. President.

Processing application for appointment of Consultants on revenue matters. Answer: Revenue Department.

Issuance of AIE. Answer: Expenditure Department to be cash-backed by Office of the Accountant General of the Federation (OAGF).

Monitoring Customs Revenue Collection and Remittance by designated Banks. Answer: Revenue Department.

What is the procedure a dissatisfied Customer to our services should do to get his problem solved ?.
Answer:  First report to SERVICOM Department/Unit Nodal Officer in charge of the Service Window concerned, if not satisfactorily solved, he can now report to the Ministerial Nodal Officer, Federal Ministry of Finance (FMF) Abuja.
Room 141, SERVICOM Unit,  E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.  and    This email address is being protected from spambots. You need JavaScript enabled to view it.  . If still dissatisfied, Report to the Honourable Minister of Finance through Tel:09-2340932, 09-2336929  

How can a customer lodge a complaint?.
Answer: Through our email address  This email address is being protected from spambots. You need JavaScript enabled to view it.  .   We also entertain hand written or typewritten complaint. A complaint must not exceed two A4 pages, which must of necessity to readable, clear and to the point(s).

What happens when a consumer complaint is received by Servicom Unit?.
Answer:The complaint is analyzed and investigated immediately. SERVICOM Unit reaches out to the service window complained against. If the Unit is satisfied that the service window acted contrary to the servicom work ethics, the unit takes appropriate action without delay.

Will SERVICOM Unit get back to the customer who lodged a complaint?.
Answer: Yes of course. In case where investigations are concluded in less than 48 hours, the complaint will be reached by phone or other wise he/she will be communicated in writing on the out come of the review within one week.

What issues can customers complain to SERVICOM Unit? .
Answer: These include the following among others: Non-chalant attitude towards providing services, poor services delivery, unauthorized collection demand of cost of services, demand of bribery, withholding of files without an genuine reasons(s), and other form of misconducts.

Is SERVICOM Unit a government agency?.
Answer: Yes. Servicom Unit is a full – fledged federal government’s Service Delivery initiative and Institutionalize service delivery principles to Nigerian public service.

Why the delay in payment of salaries?.
Answer:Release of funds for the Payment of Salaries/MDAs involves 3 agencies thus:
- Expenditure Department issues AI
- OAGF cash backs on availability of funds.
- CBN pays cash.

How can I know the allocation given to the three tiers of Government? Answer: You can find the answer on the Ministry’s website: http://www.fmf.gov.ng
 

Federal Ministry of Finance Email Disclaimer

Since several members of the public receive 419 related e-mail everyday in their mail boxes, we recommend that you delete it and not respond to it. Though these e-mails are fraudulent, several gullible people respond to them with a hope to finally make a fortune. Some people go as far as to play along with the scammers with a view that they will eventually obtain enough details to apprehend these scammers. The Federal Ministry of Finance, Nigeria has compiled a list of frequent scenarios and what you should do in each situation, as follows.

Frequent Scenarios

  • Do you want to ascertain the genuineness of some issues?
    The Federal Ministry of Finance does not have any overseas branch. It does not include such titles as Wire Transfer Department, Remittance Department, Contract Approval Committees, etc.

Note however that scammers frequently impersonate members of staffs, top officials and outstanding members of the Nigerian society.

  • Do you want to ascertain the genuineness of someone who may have contacted or met with you?
    The Federal Ministry of Finance, Nigeria will not give out personal information (like phone numbers, official email addresses, fax lines & pagers,) on any of our staff for any reason. If you suspect the authenticity of any one who claims to be acting on behalf of the Federal Ministry of Finance, you are advised to study this disclaimer. Advance Fee Fraudsters prey on gullible respondents to perpetrate their heinous crimes.

    Note however that scammers frequently impersonate members of staffs, top officials and outstanding members of the Nigerian society.

  • The Federal Ministry of Finance, Nigeria does not use any free host internet or email service provider.
    If you have received any email from an address that DOES NOT end with "@fmf.gov.ng" or "@finance.gov.ng"; if you are referred to website that is not www.fmf.gov.ng or www.finance.gov.ng (this website); it is not a bona fide Federal Ministry of Finance, Nigeria ‘means’ of communication. Federal Ministry of Finance, Nigeria staff do not use Hotmail or Yahoo Accounts or any other free e-mail service provider for official purposes.
  • Do you want to inform us of a fraudulent e-mail you received? 
    While we thank you for the gesture, the Federal Ministry of Finance, Nigeria is a control and management institution. It does not investigate or prosecute offending scammers. Its sole responsibility is stated on our about-us page. However, the Economic and Financial Crimes Commission (E.F.C.C.) can be reached at its website www.efccnigeria.org; e-mail:-
    scam @ efccnigeria.org & info @ efccnigeria.org or the Nigerian Police Force with website at www.nigeriapolice.org and email webmaster @ nigeriapolice.org are the appropriate authorities mandated by the Federal Government of Nigeria, to deal with such issues. You may forward your e-mail to them for prompt action. The Federal Ministry of Finance, Nigeria is not obliged to respond to any reports or email concerning this. (Please remember to remove the spaces from the emails above Want to know why?)
     
  • Do you intend to claim an inheritance or lottery? 
    The Federal Ministry of Finance, Nigeria does not maintain accounts for individuals or private companies. If you have received memos, faxes, telephone calls, e-mails, etc in respect of any inheritance claim or lottery win purporting to emanate from the Federal Ministry of Finance, Nigeria, you must have been contacted by fraudulent scammers. Federal Ministry of Finance, Nigeria does not keep account of any inheritance or conduct any form of Lottery nor engage in transfers of winnings of any lottery in Nigeria or any other country.

Though the Federal Ministry of Finance, Nigeria maintains a helpdesk in Legal Services Division, the Federal Ministry of Finance, Nigeria may not be obliged to respond to any emails.

 

 

Federal Ministry of Finance Mail and 419 Disclaimer

We receive several emails and other correspondences bordering on Advance Fee Fraud also known as 419 on a daily basis. 419 is a menace to the Federal Ministry of Finance. Scams are carried out by fraudulent people who plan to defraud gullible respondents.

 

Typically scammers:-

  • often contact you by unsolicited bulk mail, spam email but will eventually start calling by phone as soon as you give them your details
  • claim to have a lot of money stashed away in a Nigerian (African) account but there are several other variants - Inheritance, Wills, Next of kin, Contract claims and recently, Lotteries
  • often need someone to help them transfer it out of the country with a view to sharing the said sum with them.
  • assure you it’s a risk free deal and encourage you to send them your personal details.
  • often lead you on by sending falsified paper work to support what they claim. They often include id cards, passports, faxes, memos, approvals, funds release certificates, fake cheques, fake Nigeria National Petroleum Corporation (NNPC) letter of contract award, agreements, inheritances, fake Federal Ministry of Finance letter head, fake Federal Ministry of Finance stamps, fake CBN letter head, fake NNPC and CBN official stamps, etc.
  • often use yahoo.com (and other free email providers) e-mail address as a medium of communication and not the government approved Nigerian top domain names - i.e. .gov.ng.
  • often mimic Federal Ministry of Finance, Nigeria domain email accounts and other Financial Institutions to mislead ATM users.
  • Some organized scammers often have a fake Federal Ministry of Finance, Nigeria website where they post fake documents to support their claims.
  • Their preferred means of transferring money is by Money Gram and Western Union Money Transfer. They will never transfer via secure means like – Swift Code.
  • Almost every scam is done with the name of a fake Federal Ministry of Finance staff or post or position.

* Please confirm all business propositions mailed to you with the Nigerian Embassy in your country or the Director, Legal Services of the Federal Ministry of Finance.

Though the Federal Ministry of Finance maintains a fraud helpdesk in her Legal Services Division, the Federal Ministry of Finance may not be obliged to respond to any e-mails in the above scenarios.