BY CHIJIOKE CHARLES
Taiwo Oyedele has officially assumed office as minister of finance and coordinating minister of the economy, promising to consolidate recent economic gains and push deeper reforms aimed at delivering real impact for Nigerians.
In a statement on Friday, Oyedele took over from Wale Edun, whom he praised for laying the groundwork for economic stabilisation.
He described Nigeria as being at a decisive moment, stressing that the next phase is about translating reforms into tangible benefits for citizens.
“Nigeria is at a critical juncture. Having taken important steps to stabilise the economy, our immediate task is to consolidate these gains, deepen ongoing reforms, and ensure they translate into tangible benefits for all Nigerians,” he said.
Oyedele outlined priorities focused on boosting productivity through a stable, predictable, and investor-friendly policy environment built on consistency and clarity.
He also pledged to strengthen fiscal discipline by ensuring transparent and prudent management of public resources, while making revenue optimisation and fair taxation central to government policy.
The minister said efforts would target harmonising revenue administration, expanding the tax base, and easing the burden on vulnerable Nigerians without slowing economic growth.
“Stronger government coordination aligning efforts across all tiers and institutions to maximise policy impact,” he said.
Highlighting the role of collaboration, Oyedele pointed to public-private partnerships as critical to driving growth, noting that engagement with the private sector would enable data-driven policies and effective implementation.
“Good policy design alone is not enough; success will be defined by execution. We are committed to disciplined implementation, accountability, and measurable results,” he said.
Oyedele also expressed readiness to work across government and with key stakeholders to accelerate growth and build a more stable, inclusive economy.
His appointment follows the decision by Bola Ahmed Tinubu to relieve Edun of his duties earlier this week and elevate Oyedele to the top finance role.
