Prof Taiwo Oyedele has officially taken over as Minister of Finance and Coordinating Minister of the Economy, pledging revenue optimisation and fair taxation following the completion of the handover process by his predecessor, Wale Edun.
In a statement posted on his official X handle on Friday, Oyedele commended the outgoing Minister, appreciating him for his service to Nigeria and the foundation laid in the ministry.
Oyedele wrote, “I formally assumed office yesterday as the Minister of Finance and Coordinating Minister of the Economy, following a handover from my predecessor, Mr Wale Edun. I sincerely appreciate him for his service to our country and the foundation he has laid.”
The Minister noted that Nigeria is at a critical juncture, adding that “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.”
Oyedele emphasised that his administrative strategic priorities include productivity and growth through creating a predictable and investor-friendly environment anchored on policy coherence, consistency, and clarity.
He also pledged to prioritise fiscal discipline and Sustainability by ensuring transparent and prudent management of public resources.
The Minister also pledged to foster revenue optimization and fair Taxation by harmonising revenue administration, broadening the tax base, reducing the burden on the vulnerable population, and supporting economic growth.
He reaffirms commitment in stronger government coordination through aligning efforts across all tiers and institutions to maximise policy impact.
In the Public Policy Private Partnership (PPPP), the minister expressed readiness in deepening collaboration with the private sector and other key stakeholders for data-driven policy design, co-implementation, and feedback for continuous improvement.
He said, “Good policy design alone is not enough, success will be defined by execution. We are committed to disciplined implementation, accountability, and measurable results.”
The Minister expressed that he is looking forward to working with colleagues across government, the private sector, and all Nigerians as we move from reform to result, accelerate growth and build a more stable, inclusive, and prosperous economy.
