President Bola Tinubu has sworn-in Mr. Taiwo Oyedele as Minister of State for Finance.
He replaces Doris Uzoka-Anite, who was recently redeployed to the ministry of budget and national planning as minister of state — her third portfolio under the Tinubu administration.
The brief ceremony was held on Monday at the president’s office at the State House in Abuja.
Oyedele’s swearing-in comes five days after the senate confirmed his nomination.
The confirmation followed a screening session during which the tax expert pledged to pursue fiscal reforms aimed at improving government revenue, ensuring realistic budgeting, and strengthening Nigeria’s economic management framework.
Tinubu had earlier forwarded Oyedele’s nomination to the senate in a letter dated March 3, 2026, in accordance with section 147(2) of the 1999 constitution.
A native of Ikaram-Akoko in Ondo state, the 50-year-old fiscal policy expert has over two decades of experience in public finance and tax administration.
Before his appointment, Oyedele chaired the presidential committee on fiscal policy and tax reforms, inaugurated in August 2023.
Under his leadership, the committee developed four major tax reform bills aimed at simplifying Nigeria’s tax system.
The reforms also introduced incentives including zero income tax for Nigerians earning N800,000 or less annually and tax exemptions for small businesses with an annual turnover of under N50 million.
The four bills — the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill — were passed by the national assembly in 2025 and signed into law by the president on June 26 of the same year.
The new tax regime took effect on January 1, 2026.
Oyedele previously spent 22 years at PricewaterhouseCoopers (PwC), where he rose to become fiscal policy partner and Africa tax leader.
He holds a higher national diploma in accountancy and finance from Yaba College of Technology and a bachelor’s degree in applied accounting from Oxford Brookes University in the United Kingdom.
The economist has also attended executive programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
Oyedele currently lectures at Babcock University and serves as a visiting scholar at Lagos Business School.
During his senate screening, Oyedele said his appointment was “a call to serve at a time of great economic challenges and opportunities,” pledging to contribute to Nigeria’s fiscal management.