Tinubu Swears in Taiwo Oyedele as Minister of State for Finance

Tinubu Swears in Taiwo Oyedele as Minister of State for Finance

President Bola Tinubu has formally sworn in Mr. Taiwo Oyedele as the new Minister of State for Finance, a move expected to bolster the federal government’s fiscal reform and economic governance efforts. The brief ceremony, held at the State House, Abuja, followed Oyedele’s confirmation by the Senate and officially welcomed him into the Federal Executive Council (FEC).

Oyedele replaces Dr. Doris Uzoka‑Anite, who was redeployed to the Ministry of Budget and National Planning, marking her third portfolio in the current administration. The appointment is seen as part of President Tinubu’s broader strategy to reinforce the government’s economic team and accelerate the implementation of tax and revenue reforms.

A seasoned economist, accountant, and public policy expert, Oyedele previously served as Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, where he spearheaded proposals to simplify Nigeria’s tax system, increase compliance, broaden the tax base, and improve government revenue collection. The committee also explored reforms for public revenue management and extractive sector taxation, aiming to strengthen transparency and accountability.

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At 50, Oyedele brings decades of experience in finance, taxation, and economic policy. He hails from Ikaram in the Akoko area of Ondo State and holds a Higher National Diploma in accountancy and finance from Yaba College of Technology, a BSc in applied accounting from Oxford Brookes University, and executive training at institutions including the London School of Economics, Yale University, and Harvard Kennedy School.

During the swearing-in, President Tinubu emphasised the importance of sound fiscal management, economic discipline, and efficient revenue mobilisation to drive Nigeria’s economic growth and development. Analysts note that Oyedele’s elevation from policy design to ministerial implementation signals a shift toward executing critical fiscal reforms and tackling challenges such as inflation, revenue volatility, and budget shortfalls.

As Minister of State for Finance, Oyedele will work closely with the Finance Minister to oversee budget implementation, revenue generation, and fiscal policy coordination, helping Nigeria achieve greater economic stability. Observers also highlight the political significance of the appointment, which strengthens the administration’s economic team ahead of the 2027 general elections.

Tinubu Swears in Taiwo Oyedele as Minister of State for Finance