Politics

Tinubu Swears in Taiwo Oyedele as Minister of State for Finance

Published by Akinwale Fakinlede on March 16th, 2026.

Tinubu Swears in Taiwo Oyedele as Minister of State for Finance

Nigeria’s President, Bola Ahmed Tinubu, has officially sworn in renowned tax expert Taiwo Oyedele as the new Minister of State for Finance, marking a significant development in the federal government’s ongoing efforts to reform the country’s fiscal and economic policies.

The swearing-in ceremony took place at the Presidential Villa in Abuja on Monday, where senior government officials, members of the Federal Executive Council, and aides of the president were in attendance. The brief but symbolic event signaled the administration’s determination to strengthen economic management amid current fiscal challenges.

Speaking shortly after the oath of office was administered, President Tinubu congratulated Oyedele and charged him to bring his wealth of experience in taxation, public finance, and economic policy to bear in supporting the country’s financial reforms. The president emphasized that Nigeria requires innovative ideas and strong policy direction to boost revenue generation, stabilize the economy, and improve the welfare of citizens.

Tinubu noted that Oyedele’s appointment reflects the administration’s commitment to appointing competent professionals who can help reposition the nation’s financial system. He urged the new minister to work closely with other members of the economic management team to implement policies that would enhance transparency, efficiency, and accountability in government finances.

Before his appointment, Oyedele had built a strong reputation in tax policy and fiscal reform. He previously served as Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, where he led initiatives aimed at restructuring Nigeria’s tax system to make it more efficient, equitable, and growth-oriented.

During his tenure in that role, the committee proposed a number of reforms designed to simplify tax administration, widen the tax base, and reduce the burden on small businesses while improving compliance across sectors of the economy.

In his remarks after taking the oath of office, Oyedele expressed gratitude to the president for the trust placed in him and pledged to serve the country with dedication and integrity. He said his focus would be on supporting policies that stimulate economic growth, improve government revenue, and create a more sustainable fiscal environment.

The new minister also stressed the importance of collaboration among government institutions, the private sector, and development partners in achieving meaningful financial reforms.

Economic analysts believe Oyedele’s appointment could bring renewed momentum to the government’s ongoing tax and fiscal policy reforms, especially at a time when Nigeria is seeking ways to increase non-oil revenue and stabilize its public finances.

With the latest development, the administration hopes to strengthen its economic team and accelerate reforms aimed at restoring investor confidence and promoting long-term economic stability in Africa’s largest economy.