KEY POINTS

• President Bola Tinubu swore in Taiwo Oyedele as Minister of State for Finance, citing his expertise and dedication

• Oyedele was praised for leading key tax reforms aimed at simplifying Nigeria’s tax system and boosting revenue

• The new minister brings over 20 years of experience in fiscal policy, alongside strong academic and professional credentials

President Bola Tinubu has officially sworn in Taiwo Oyedele as the Minister of State for Finance, describing the appointment as a strong endorsement of his competence, professionalism, and commitment to national service.

The swearing-in ceremony took place at the Presidential Villa in Abuja on Monday, where the President praised Oyedele’s track record, particularly his leadership as chairman of the Presidential Committee on Fiscal Policy and Tax Reforms.

Tinubu commends Oyedele’s role in tax policy reforms

President Tinubu noted that Oyedele played a pivotal role in shaping Nigeria’s ongoing tax reforms, which are aimed at simplifying the tax system, expanding the country’s revenue base, and improving the business climate.

According to the President, Oyedele’s deep understanding of fiscal policy and his dedication to reforming outdated tax structures contributed significantly to the government’s efforts to modernise the economy.

He described the new minister as a highly determined and disciplined professional whose qualities made it easy to assign him a greater role in the nation’s economic management.

Tinubu acknowledged that Oyedele is stepping into a challenging role, especially at a time when Nigeria is experiencing relative economic stability without corresponding rapid growth.

He emphasised the importance of sound fiscal policy and responsible economic management, noting that the position requires resilience, expertise, and strategic thinking.

The President also commended Oyedele’s patience, courage, and willingness to serve the country, while encouraging his wife to continue supporting him in managing the demands of public office.