Tinubu Transfers Key Powers to Finance Minister of State, Doris Uzoka-Anite
President Bola Ahmed Tinubu has approved a significant reorganisation of responsibilities within the Ministry of Finance, transferring several critical oversight functions from the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to the Minister of State for Finance, Dr. Doris Uzoka-Anite, sources familiar with the decision have confirmed
Under the new directive, Dr. Uzoka-Anite’s role has been substantially expanded to cover core aspects of Nigeria’s domestic financial management. She will now oversee revenue generation, revenue distribution, and all domestic debt management, functions that were previously coordinated under the office of the substantive finance minister. In addition to these responsibilities, the President has also shifted several key mandates to the Minister of State’s office. These include Home Finance, Technical Services, Cash Management, and Revenue Sharing among the three tiers of government through the Federation Account. Oversight of the Nigerian Customs Service and Development Finance has also been placed under her purview. The reassignment marks one of the most notable internal restructurings of the Tinubu administration’s economic management team since it assumed office. Analysts say the move could be aimed at strengthening operational efficiency within the finance ministry, particularly as the government intensifies efforts to boost revenue, manage rising debt obligations, and stabilise public finances amid ongoing economic reforms. While no official statement has yet been issued detailing the rationale behind the changes, insiders suggest the President wants clearer lines of responsibility and faster execution in critical areas of fiscal policy. The development effectively positions Dr. Uzoka-Anite as the central figure in the day-to-day management of Nigeria’s domestic finances. The shift is expected to have implications for intergovernmental revenue allocation, customs operations, and development financing strategies, especially at a time when the federal government is pushing for improved revenue performance and tighter fiscal discipline.
