President Bola Tinubu has sworn in Taiwo Oyedele as Minister of State for Finance at the Aso Rock Presidential Villa in Abuja.
The ceremony took place around 2:30 pm on Monday, five days after the Senate confirmed Oyedele’s nomination. The new minister and his wife were cleared by Villa security at about 2:09 pm, with Oyedele in a navy blue suit and his wife in white traditional attire.
Oyedele, 50, from Ikaram, Akoko in Ondo State, brings over 20 years of experience in fiscal policy and tax administration. Before this appointment, he served as Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which led a major overhaul of Nigeria’s tax system. The committee produced four executive bills consolidating more than 60 taxes into fewer than 10 laws, including measures such as zero income tax for Nigerians earning N800,000 annually or less. These bills were passed by the National Assembly in 2025 and signed into law by President Tinubu on June 26, 2025, taking effect from January 1, 2026.
Oyedele spent 22 years at PricewaterhouseCoopers, rising to Fiscal Policy Partner and Africa Tax Leader. He holds an HND in Accountancy and Finance from Yaba College of Technology, a BSc in Applied Accounting from Oxford Brookes University, and has completed executive programs at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School. He also serves as a professor at Babcock University and a visiting scholar at Lagos Business School.
He replaces Dr. Doris Uzoka-Anite, who has been redeployed to the Ministry of Budget and National Planning as Minister of State.
During his Senate screening, Oyedele described the appointment as “a call to serve at a critical time when Nigeria faces significant fiscal challenges and remarkable opportunities,” highlighting his experience across government, multilateral institutions, and the private sector in fiscal governance and economic transformation.