Government of Ekiti State

MDAsMinistry of Finance And Economic Development

Ministry of Finance And Economic Development

Ministries

Overview

The Ministry of Finance generally handles the Government of Ekiti State’s finance. It also superintends the Ekiti State Internal Revenue Service and the Ekiti State Signage and Advertising Agency. The Ministry is saddled with the duty of managing the finances of the State in order to bring about optimal development and progress.

In its efforts at making optimal development and progress in Ekiti State, the Ministry carried out a project which involved the computerization of the State’s pay roll and Bio-metric Data Capture.

The Ministry is divided into Finance and Administration which handles the administration/personnel finance and accounts; Expenditure; State Finances; and Budget Departments.

Departments

There are six departments in the Ministry as follows:

  1. Office of the Commissioner
  2. Office of the Perm. Sec
  3. Administration and Supplies
  4. Finance and Accounts
  5. Expenditure
  6. State Finance

Affiliated Agencies:

  1. Internal Revenue Service
  2. Signage and Advertisment Agency

Vision and Mission

Vision:

To be in the front line in the management of the Financial resources of Ekiti State transparently efficiently and effectively with integrity in a most social beneficial manner.

Our Mission

  1. Promoting a regime of fiscal discipline, Prudence, accountability and transparency .
  2. Restructuring Public expenditure through expert advice in a way that will deliver more public goods and services to the people.
  3. Improving public Financial Management towards higher levels to transparency and compliance with international best practice.

Functions

  1. Handling of issues relating to revenue from Internal Sources.
  2. Liaising with Federal Agencies on fiscal matter.
  3. Handling of all insurance matters on behalf of the State Government.
  4. Offering appropriate financial advice to the Government as and when due.
  5. Handling matters relating to Bound.
  6. Handling Bailout related matters.
  7. Handling commercial Bank Loans restructuring.
  8. Serves as Secretariat to Annual Board of Survey and Inquiry.
  9. Liaising with Revenue Mobilization Allocation and Fiscal commission (RAMFAC) and other related Agencies.
  10. Processing of appointment of consultants.
  11. Appraisal of Proposal from contractors on contractors financing.
  12. Disbursement of State funds to MDAs

Principal Officers

Name Designation
Mr. Ayoola Owolabi Hon. Commissioner
Mr. Kunle Abegunde Permanent Secretary
Mrs. A. O. Ayo-Salami Director, Finance and Accounts
Mr. J. A. Ale Director, Administration and Supplies
Mr. V. A. Arogundade Director, SF
Mr. J. O. Jolumo Director, Expenditure