Zainab Ahmed was appointed Minister of Finance on September 14, 2018. In this position, her responsibilities include the management and control of Nigeria’s public finance, with the specific functions of preparing annual estimates of revenue and expenditure for the Federal Government; formulating fiscal policies; mobilizing domestic and external financial resources through both internal and external financial institutions, for development purposes; monitoring government revenue from oil and non-oil resources; supervising the insurance industry, the securities and exchange regulator and other aspects of the financial markets; and managing sub-national public finances in terms of the revenue allocation and distribution to the federating States and Local Governments in Nigeria. She also works closely with leadership of the Central Bank of Nigeria to closely coordinate the fiscal and monetary policies of the Federal Government of Nigeria.
Prior to this, Mrs. Ahmed was Nigeria’s immediate past Minister of State for Budget and National Planning responsible for Budget Implementation, Budget Monitoring and Evaluation, Donor Coordination as well as managing the National Social Investment Program, targeted at enhancing social investments in the health and education, as well as supporting Micro, Small, Medium sized enterprises. She was Chair of the Inter-Ministerial Task Team Leading Coordination of the Humanitarian and Development Response in North East Nigeria.
Mrs. Zainab Ahmed is a member of the international board of the Extractive Industries Transparency Initiative (EITI), and a Co-Chair of the Open Governance Partnership (OGP).
Mrs. Ahmed has served the Nigeria Public Service in various high-ranking positions, which include the Executive Secretary and National Coordinator of the Nigeria Extractive Industries Transparency Initiative (NEITI), from 2010 to 2015. Under her leadership, NEITI attained “EITI Compliant Status” in 2011 and Nigeria received the “Best Implementing Country” award in 2013.
Mrs. Zainab Ahmed has also served the Nigeria Public at the sub-national level. She was the Managing Director of the Kaduna Investment Company Ltd from 2009 to 2010. Mrs. Zainab Ahmed was also the Chief Finance Officer of the MTEL from 2002-2009, and rose to the Deputy General Manager at the Nigeria Mobile Telecommunications Limited (MTEL).
Mrs. Ahmed graduated with B.Sc. Accounting in the Prestigious Ahmadu Bello University Zaria, Nigeria and did her MBA at the Ogun State University, Ago Woye. Nigeria. She is a fellow of many professional bodies like the Association of National Accountants of Nigerian (ANAN) and Institute of Company and Commercial Accountants (ICCA) among many others also a member of several professional bodies like Chartered Institute of Taxation (CITN) and the Nigerian Institute of Management (NIM).
As a seasoned accountant, who has served in both the public and private sectors, she brings to bear, in her new role at Nigeria’s Ministry of Finance, her considerable knowledge and experience in financial reporting, public financial management, budget formulation and execution, public sector reform, natural resource accountability, national projects management, as well as macroeconomic, monetary and fiscal policy coordination.