President Bola Tinubu has officially sworn in Taiwo Oyedele as Minister of State for Finance at the Aso Rock Presidential Villa in Abuja.
The ceremony took place at the President’s office around 2:30 pm on Monday, according to a source present at the event. This follows the Senate’s confirmation of Oyedele’s appointment five days earlier.
Our correspondent observed Oyedele and his wife passing through Villa security at about 2:09 pm, with Oyedele dressed in a navy blue suit and his wife in white traditional attire.
The Senate had confirmed his appointment on Wednesday, March 12, through a voice vote after a thorough screening session lasting over two hours. Senate President Godswill Akpabio announced the confirmation after the Committee of the Whole adopted the recommendation.
President Tinubu had submitted Oyedele’s nomination to the Senate on March 3, in line with Section 147(2) of the 1999 Constitution.
Oyedele, 50, from Ikaram, Akoko in Ondo State, brings over two decades of experience in fiscal policy and tax administration. Before his ministerial role, he served as Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which led a comprehensive overhaul of Nigeria’s tax system.
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The committee, inaugurated in August 2023, drafted four executive bills consolidating more than 60 taxes into fewer than 10 statutes. The reforms included zero income tax for Nigerians earning N800,000 or less, exemptions for small businesses with turnovers below N50 million, and incentives for employment and wage growth. The 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 a Higher National Diploma in Accountancy and Finance from Yaba College of Technology and a BSc in Applied Accounting from Oxford Brookes University, alongside executive education from the London School of Economics, Yale University, Harvard Kennedy School, and Gordon Institute of Business Science.
He currently serves as a professor at Babcock University and is a visiting scholar at the Lagos Business School.
Oyedele replaces Dr. Doris Uzoka-Anite, who has been reassigned to the Ministry of Budget and National Planning, marking her third portfolio in the current administration.
During his Senate screening, Oyedele described his appointment as “a call to serve at a critical time when Nigeria faces significant fiscal challenges and remarkable opportunities.”
He added, “With over two decades of experience working with national governments, multilateral institutions and global corporations, my journey across the private sector, academia and public policy has focused on fiscal governance and economic transformation.”