Oyedele Assumes Office as Finance Minister, Unveils Reform Agenda for Growth, Tax Fairness
The new Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has formally assumed office, pledging to consolidate ongoing economic reforms and deliver tangible benefits to citizens through growth-driven and fiscally disciplined policies.
Oyedele took over from his predecessor, Wale Edun, whom he commended for laying a solid foundation for the country’s economic recovery efforts.
In his assumption of office statement, the new minister said Nigeria was at a critical economic juncture and must build on recent stabilisation measures by deepening reforms that would improve living standards and restore confidence in the economy.
He outlined five key priorities for his administration, including boosting productivity and economic growth through a predictable, investor-friendly business environment anchored on policy coherence, consistency and clarity.
Oyedele also promised stronger fiscal discipline and sustainability through prudent and transparent management of public resources.
On revenue generation, he said government would pursue fair taxation by harmonising revenue administration, broadening the tax base, reducing pressure on vulnerable citizens and supporting economic expansion.
He further pledged stronger coordination across all levels of government and institutions to ensure policies deliver maximum impact.
The minister also identified public-private collaboration as a major pillar of his agenda, saying deeper partnerships with businesses and stakeholders would support data-driven policy formulation, implementation and continuous feedback.
According to him, sound policy ideas alone would not be enough, stressing that success would depend on effective execution, accountability and measurable results.
Oyedele said he looked forward to working with government officials, the private sector and Nigerians to move the country “from reform to result,” accelerate growth and build a more stable, inclusive and prosperous economy.