President Bola Ahmed Tinubu has sworn in Mr. Taiwo Oyedele as the new Minister of State for Finance, formally inducting him into the Federal Executive Council during a brief ceremony held at the State House in Abuja.
The swearing-in ceremony marked the official commencement of Oyedele’s role in the administration’s economic management team following a recent cabinet adjustment within the federal government.
Oyedele’s appointment comes after the redeployment of the former Minister of State for Finance, Dr. Doris Uzoka-Anite, who has now been reassigned to the Federal Ministry of Budget and National Planning. The move represents her third ministerial portfolio since the current administration assumed office.
The ceremony, which took place at the Presidential Villa, formally introduced Oyedele into the decision-making body responsible for shaping and implementing federal government policies across key sectors.
As Minister of State for Finance, Oyedele is expected to play a critical role in supporting the administration’s fiscal management strategy, particularly in areas relating to economic reforms, revenue generation and financial policy coordination.
Before his appointment into the cabinet, Oyedele served as Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, a strategic body established by President Tinubu to review and overhaul Nigeria’s tax administration and fiscal policy structure.
Under his leadership, the committee developed several reform proposals aimed at simplifying the country’s tax framework, improving compliance among taxpayers and expanding the government’s revenue base.
The committee’s recommendations have been widely discussed as part of the administration’s broader economic reform agenda, which seeks to strengthen fiscal discipline, reduce dependence on oil revenue and improve the efficiency of Nigeria’s tax collection system.
Oyedele’s elevation to the role of Minister of State for Finance is seen by policy analysts as a move that could help accelerate the implementation of the fiscal reforms proposed by the committee he previously led.
Economic stakeholders have also noted that his background in tax policy and fiscal governance could bring technical expertise to the ministry at a time when the government is seeking sustainable strategies to improve public revenue and support economic growth.
With his swearing-in completed, Oyedele now joins other members of the Federal Executive Council tasked with driving the administration’s economic policies and ensuring effective coordination across government institutions responsible for financial management.
His new role is expected to involve close collaboration with the Minister of Finance and other economic agencies as the government continues efforts to stabilise the economy and strengthen Nigeria’s fiscal framework.
