Oyedele assumes office as Finance Minister, pledges economic reforms

Abdullateef Fowewe

Taiwo Oyedele has formally took office as Nigeria’s Minister of Finance and Coordinating Minister of the Economy on Thursday, succeeding Wale Edun in President Bola Tinubu’s recent cabinet reshuffle.

In a statement on Friday, Oyedele thanked Edun for “his service to our country and the foundation he has laid,” adding that Nigeria is at a “critical juncture” to turn reforms into “tangible benefits for all Nigerians.”

He outlined key priorities: productivity and growth through a “predictable and investor-friendly environment”; fiscal discipline for “transparent and prudent management”; revenue optimization with “fair taxation” that broadens the base while easing burdens on the vulnerable; stronger government coordination; and deeper public-private partnerships for “data-driven policy design” and execution.

“Success will be defined by execution,” Oyedele emphasised.

“We are committed to disciplined implementation, accountability, and measurable results” to build a “stable, inclusive, and prosperous economy.”

A former tax reform committee head and Minister of State for Finance, Oyedele vowed to shift “from reform to result.”