President Bola Tinubu has nominated Taiwo Oyedele as the new Minister of State for Finance, forwarding his name to the Senate for confirmation.
The nomination was disclosed by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, who said the letter conveying the appointment had been sent to the Senate President, Godswill Akpabio.
“President Tinubu has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio,” Onanuga said in a statement.
Oyedele, a former Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, is set to replace Doris Uzoka-Anite in the Finance Ministry.
According to the presidential spokesman, Uzoka-Anite has been redeployed to the Ministry of Budget and National Planning as Minister of State — her
third portfolio in the Tinubu administration.
Uzoka-Anite was initially appointed Minister of Industry, Trade and Investment three years ago before being reassigned last year to serve as Minister of State for Finance.
Oyedele, 50, is a public policy expert, accountant, and economist with decades of experience at PricewaterhouseCoopers (PwC), where he rose to become Fiscal Policy Partner and Africa Tax Leader.
He began his academic journey at Yaba College of Technology, earning a Higher National Diploma (HND) in Accountancy and Finance. He later obtained a Bachelor of Science degree in Applied Accounting from Oxford Brookes University.
His executive education includes programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
In addition to his professional career, Oyedele is a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.
Tinubu’s nomination of Oyedele comes months after the President signed into law four major tax reform bills developed under Oyedele’s leadership as head of the Presidential Committee on Fiscal Policy and Tax Reforms.
The bills include:
Nigeria Tax Bill
Nigeria Tax Administration Bill
Nigeria Revenue Service (Establishment) Bill
Joint Revenue Board (Establishment) Bill
The legislation, passed by the National Assembly after months of debate and controversy, aims to overhaul Nigeria’s tax administration system, improve revenue generation, enhance the business environment, and attract both domestic and foreign investments.
Despite criticism and resistance from opposition figures and advocacy groups, the new tax laws took effect earlier this year, marking a significant shift in the country’s fiscal framework.
Observers say Oyedele’s potential confirmation could signal continuity in the implementation of the sweeping tax reforms championed by the Tinubu administration.
