Department Overview
The Department of Finance and Accounts serves as the financial backbone of the Federal Ministry of Education, providing strategic support services to all functional and technical departments in line with standard practice across Federal Ministries, Departments, and Agencies.
The Department is responsible for the effective, transparent, and accountable management of the Ministry’s financial resources, operating in strict compliance with extant financial laws, regulations, and Federal Government policies. It serves as the primary financial advisory body to the Accounting Officer and is entrusted with the prudent management and control of resources across the main Ministry, its Parastatals, Agencies, and the Federal Unity Colleges.
Our Vision
To be a centre of excellence in public financial management, recognised for transparency, accountability, professionalism, innovation, and efficient service delivery in support of quality education.
Our Mission
To ensure prudent management and control of the Ministry’s financial resources through sound financial planning, effective accounting systems, transparent treasury operations, robust internal controls, timely financial reporting, and strict compliance with extant financial laws, regulations, and Federal Government policies: delivering timely management and statutory accounting returns, while institutionalising a results-oriented, transparent, and fraud-proof financial management system that upholds the highest standards of accountability, integrity, and service delivery.
Mandate
- Provide financial advisory services to the Accounting Officer
- Manage the Ministry’s financial resources efficiently and effectively
- Ensure compliance with Financial Regulations, Treasury Circulars, and Government financial policies
- Coordinate budget implementation and expenditure management
- Maintain accurate accounting records
- Prepare statutory financial statements and reports
- Manage government revenue collection and remittances
- Strengthen internal financial controls
- Safeguard government assets
- Promote accountability and value for money
Core Functions
- Budget Planning and Execution: preparing, implementing, and monitoring the Ministry’s annual budget to ensure effective resource allocation and expenditure control
- Treasury and Cash Management: managing treasury operations, including payments processing, receipts, cash management, cash flow planning, and Treasury Single Account operations
- Accounting and Financial Reporting: maintaining proper accounting records and preparing statutory financial statements, bank reconciliation, and monthly and annual accounts in accordance with government standards, reporting to the OAGF, Budget Office, Auditor-General, and other oversight institutions
- Regulatory Compliance: ensuring adherence to the Financial Regulations, Treasury Circulars, the Public Procurement Act, the Fiscal Responsibility Act, and all other applicable financial laws
- Financial Advisory: providing expert financial advice to the Honourable Minister, Permanent Secretary, and Management on financial policies, financial risk management, resource allocation, cost analysis, budgeting, expenditure control, and optimal resource utilisation
- Payroll and Government Systems Administration: coordinating payroll administration and overseeing the implementation of government financial management platforms, including GIFMIS, TSA, and IPPIS
- Funds Release and Accountability: facilitating the timely release and proper accounting of funds for the Ministry’s programmes, projects, departments, agencies, and Federal Unity Colleges
- Inter-Agency Liaison: maintaining effective collaboration with the Office of the Accountant-General of the Federation, the Budget Office of the Federation, the Office of the Auditor-General for the Federation, and other relevant oversight institutions
- Internal Controls and Transparency: strengthening internal financial controls and promoting a culture of transparency, accountability, and value for money in the management of public funds
- Strategic Financial Support: supporting the achievement of the Ministry’s mandate through prudent financial planning, efficient resource allocation, and sound financial management practices
- Internal Control: strengthening financial controls, monitoring compliance, preventing financial irregularities, and supporting audit activities
Leadership
DIRECTOR
Mr. Kabiru Ademola Makinde
Mr. Kabiru Ademola Makinde, FCA, is the Director of Finance and Accounts, Federal Ministry of Education. He is a seasoned public finance professional with over three decades of distinguished service in the Federal and State Civil Service, renowned for his expertise in public financial management, treasury administration, budgeting, and fiscal governance.
Currently pursuing a Ph.D. in Accounting at Ajayi Crowther University. He holds a Master of Science (M.Sc.) in Accounting from Ajayi Crowther University and a Bachelor of Science (B.Sc.) in Accounting from Ladoke Akintola University of Technology. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Fellow of the Chartered Systems Accountants (USA), Fellow of the Chartered Institute of Project Managers of Nigeria, and a Member of the Chartered Institute of Taxation of Nigeria (CITN).
Before his current appointment, Mr. Makinde served in several strategic positions, including Director of Revenue and Investment in the Office of the Accountant-General of the Federation and Director of Internal Audit at the Federal Ministry of Information and National Orientation. Throughout his career, he has contributed significantly to strengthening financial accountability, transparency, and effective public resource management.
As Director of Finance and Accounts, he provides strategic leadership for the Ministry’s financial operations, overseeing budget implementation, treasury management, statutory financial reporting, and compliance with government financial regulations in support of the Ministry’s mandate to deliver quality education in Nigeria.
Organizational Structure
The Department is headed by the Director, Finance and Accounts, who serves as the Chief Financial Officer of the Ministry, supported by Deputy Directors, Assistant Directors, Chief Accountants, Principal Accountants, Accountants, Executive Officers (Accounts), and other professional and administrative staff. The Department is organised into seven divisions, each headed by a Deputy Director, with no further branch-level subdivision.
Divisions: Final Accounts
Branches:
Key Functions:
- preparation of annual financial statements;
- monthly and quarterly accounts;
- bank reconciliation;
- financial reporting to the OAGF and Auditor-General.
Divisions: Capital
Branches:
Key Functions:
- processing of capital payment vouchers;
- vote book commitment control;
- verification of expenditure;
- deduction of taxes;
Divisions: Expenditure Control
Branches:
Key Functions:
- processing of payment vouchers;
- commitment control;
- verification of expenditure;
- ensuring compliance with budget provisions and financial regulations.
Divisions: Revenue
Branches:
Key Functions:
- collection and accounting of government revenue;
- revenue reconciliation;
- monitoring remittances into the Consolidated Revenue Fund and Treasury Single Account;
- revenue reporting.
Divisions: IPPIS / Pension and Gratuity
Branches:
Key Functions:
- processing salaries and allowances;
- IPPIS-related activities;
- pension deductions;
- personnel emoluments and payroll reconciliation;
- processing retirement benefits;
- pension documentation;
- liaison with the Pension Transitional Arrangement Directorate and Pension Fund Administrators.
Divisions: Budget
Branches:
Key Functions:
- preparation of annual budget estimates;
- budget implementation and monitoring;
- performance reporting;
- liaison with the Budget Office of the Federation.
Divisions: Funds / Treasury
Branches:
Key Functions:
- cash management;
- funds allocation and releases;
- monitoring cash flow;
- management of government bank accounts where applicable.
Key Services
- Budget preparation and implementation
- Financial advisory services
- Payment processing
- Salary administration
- Financial reporting
- Revenue management
- TSA administration
- Financial reconciliation
- Cash management
- Preparation of final accounts
- Financial monitoring
- Audit support
- Pension and retirement benefits processing
- Financial clearance
- Capacity building on financial regulations
Key Programmes/Projects
- Meeting and Facilitation Between DFA and Bursars of the Federal Unity Colleges : strengthens collaboration, improves financial communication, and ensures timely resolution of budget and accounting issues among FUCs
- Budget Preparation, Defence, and Administration : prepares accurate budget estimates, defends institutional financial proposals, and ensures efficient implementation of approved budgets
- Support to Budget Desk Officers in Parastatals, Tertiary Institutions, and FUCs, and Collaboration Development on Budget Process with the Ministry of Budget and National Planning and Education : provides technical support and strengthens collaboration among institutions and relevant ministries on budget processes
- Processing and Payment of Overhead Payment Vouchers : ensures timely processing and payment of approved overhead expenditure vouchers
- Computation and Submission of Salary and Promotion Arrears to the Budget Office : ensures accurate computation and timely submission of salary and promotion arrears for staff entitlements
- Resolution of Pay Point Issues Affecting Staff Payments : resolves payroll and pay point challenges affecting timely salary payments to staff
- Payment to Staff and Contractors : ensures prompt payment of staff salaries and contractors’ obligations in line with approved financial procedures
- Preparation and Transmission of Monthly Cash Plans for Capital Appropriation : prepares and submits monthly cash plans for effective release and utilisation of capital funds
- Collection and Remittance of Internally Generated Revenue : ensures effective collection, documentation, and remittance of internally generated revenue in compliance with financial regulations
Achievements
- Successfully organised and facilitated periodic meetings between the Director of Finance and Accounts and Bursars, improving response time to financial issues and harmonising budget implementation procedures
- Prepared and defended budget proposals within stipulated timelines, achieving approval and effective administration of allocated funds for institutional activities
- Provided guidance and support to budget officers across institutions, facilitating timely submission and alignment of budget proposals with relevant ministry requirements
- Processed and paid overhead vouchers promptly with minimal delays and in compliance with financial regulations
- Computed and submitted all verified salary and promotion arrears to the Budget Office within the approved schedule
- Addressed and resolved identified pay point issues affecting staff salaries, improving payment accuracy and reducing salary delays
- Achieved timely payment of salaries and contractor obligations throughout the review period
- Prepared and transmitted monthly cash plans accurately and within deadlines for capital appropriation implementation
- Successfully collected and remitted internally generated revenue within stipulated timelines, with proper documentation and reconciliation
- Improved budget performance monitoring
- Strengthened TSA implementation
- Enhanced financial reporting systems
- Increased compliance with Financial Regulations
- Improved revenue monitoring and reconciliation
- Automation of selected financial processes
- Timely preparation of statutory financial reports
- Capacity development of finance personnel
Images & Media
Contact Information
Main Office: Finance and Accounts Department, Federal Ministry of Education, Federal Secretariat, Shehu Shagari Way,Abuja, Nigeria, P.M.B 146, Garki.
- Email: dfa@education.gov.ng