President Bola Ahmed Tinubu has nominated Taiwo
Oyedele as Minister of State for Finance, replacing Doris Uzoka-Anite.
The announcement was made on Tuesday by presidential
spokesman Bayo Onanuga, who disclosed that the President has formally
transmitted Oyedele’s nomination to the Senate for confirmation in a letter
addressed to Senate President Godswill Akpabio.
According to Onanuga, Uzoka-Anite has been redeployed
to the Ministry of Budget and National Planning as Minister of State — her
third portfolio under the Tinubu administration. She was initially appointed
Minister of Industry, Trade, and Investment in August 2023 before being
reassigned in October 2024 to serve as Minister of State for Finance.
Oyedele’s Profile
Oyedele, 50, previously served as Chairman of the
Presidential Committee on Fiscal Policy and Tax Reforms. In July 2023, Tinubu
appointed him to lead the tax reform committee while he was serving as Fiscal
Policy Partner and Africa Tax Leader at PricewaterhouseCoopers (PwC),
where he began his career in 2001.
A public policy expert, accountant, and economist,
Oyedele holds a Higher National Diploma in Accountancy and Finance from Yaba
College of Technology and a BSc in Applied Accounting from Oxford
Brookes University.
He has also completed executive education programmes
at the London School of Economics, Yale University, the Gordon
Institute of Business Science, and the Harvard Kennedy School.
Oyedele is a professor at Babcock University
and serves as a visiting scholar at the Lagos Business School.
Tax Reform Legacy
His nomination follows the passage and presidential
assent to four landmark tax reform bills championed by Oyedele and his
committee. The bills — the Nigeria Tax Bill, the Nigeria Tax Administration
Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue
Board (Establishment) Bill — were approved by the National Assembly after
months of debate.
On June 26, 2025, President Tinubu signed the bills
into law, marking a major overhaul of Nigeria’s tax framework. The reforms,
which took effect on January 1, 2026, are aimed at boosting revenue generation,
improving the business climate, and attracting both domestic and foreign
investment, despite criticism from opposition figures and advocacy groups.
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