President Bola Ahmed Tinubu has sworn in Dr Taiwo Oyedele as Minister of State for Finance, charging him to consolidate Nigeria’s financial stability and drive accelerated economic growth.
At the swearing-in ceremony, Tinubu said Oyedele’s appointment was a deliberate decision based on his track record in fiscal reform and his role in overhauling Nigeria’s tax policy framework.
Describing him as a “dedicated professional,” the President expressed confidence in Oyedele’s capacity to steer ongoing reforms and translate economic stability into sustainable growth.
“It didn’t take much for me to decide where you fit… you are well suited to help further the country,” Tinubu said, noting that while stability has been achieved, the challenge remains unlocking exponential growth through sound fiscal policies.
Oyedele takes over from Dr Doris Uzoka-Anite, who has now assumed office as Minister of State for Budget and Economic Planning.
In his remarks, Oyedele described his appointment as both a privilege and a responsibility, pledging to move fiscal reforms from policy design to full implementation.
“The reward for doing a good job is more work,” he said, promising to give his best in service to the country.
He outlined key priorities, including strengthening revenue mobilisation, improving public spending efficiency, and ensuring fiscal sustainability. According to him, government must maximise value from available resources to meet the needs of Nigerians.
Oyedele also stressed the need for alignment between fiscal, monetary, and trade policies, as well as positioning Nigeria to better navigate global economic uncertainties.
Ondo State Governor, Lucky Aiyedatiwa, who witnessed the ceremony, described Oyedele as a leading expert in tax and fiscal policy, noting that his appointment was based on merit and competence.
Meanwhile, Dr Doris Uzoka-Anite has formally assumed office as Minister of State for Budget and Economic Planning, pledging support for ongoing economic reforms.
She was received by the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, who urged her to help drive the ministry’s mandate, including the ambitious target of growing Nigeria’s economy to $1 trillion by 2030.
Bagudu highlighted the ministry’s role in coordinating national development plans and aligning fiscal policies across all levels of government, adding that the upcoming National Development Plan (2026–2030) would guide investment and reform priorities.
Uzoka-Anite, in her remarks, emphasized the importance of private sector participation, noting that the bulk of economic growth must be driven by private enterprise.
She expressed confidence in the administration’s economic vision, stating that ongoing reforms have laid the foundation for achieving long-term development goals.
The appointments are expected to strengthen Nigeria’s fiscal management framework and accelerate the implementation of reforms aimed at boosting revenue, improving public spending, and sustaining economic recovery.
