President Bola Tinubu officially sworn in Taiwo Oyedele as the Minister of State for Finance on Monday, March 16, 2026, at the Presidential Villa in Abuja. During the ceremony, the President used the phrase “you fit the bill” to describe Oyedele’s suitability for the role, citing his extensive background in fiscal policy and tax reform.
The appointment followed a minor cabinet adjustment where Oyedele replaced Dr. Doris Uzoka-Anite, who was redeployed to the Ministry of Budget and Economic Planning.
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President Tinubu noted that he did not have a difficult time deciding where Oyedele would serve, as his previous work as the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms had already proven his capacity to modernize Nigeria’s financial framework.
The President specifically lauded Oyedele for rewriting tax policies that he described as obsolete and fundamentally at odds with progressive economic thinking.
Tinubu acknowledged the significant challenge of managing fiscal responsibility during a period where Nigeria is seeing economic stability but lacks exponential growth.
He emphasized that translating this stability into rapid growth would require the exact brand of dedication and professionalism that Oyedele had demonstrated over the past two years.
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The President also took a moment to thank the new minister’s wife, Olaide Oyedele, acknowledging that the demands of the new office would require even greater sacrifices regarding their family time.
In his remarks following the oath of office, Oyedele stated that moving from policy formulation to execution was the next critical step for the administration.
He committed to working with the team at the Ministry of Finance, led by the substantive Minister Wale Edun, to focus on revenue mobilization, spending efficiency, and debt management.
Before this appointment, Oyedele had spent over two decades at PwC and was instrumental in drafting the Nigeria Tax Bill and three other major pieces of legislation passed by the National Assembly last year to simplify the nation’s tax system.Would you like me to find the specific details of the four tax bills mentioned by the Minister?
Source: Channelstv.ng
