Taiwo Oyedele, Nigeria’s newly appointed Minister of Finance and Coordinating Minister of the Economy, has formally assumed office, pledging to consolidate ongoing economic reforms and deliver measurable outcomes that will benefit all Nigerians.
Speaking at the official handover ceremony from his predecessor, Wale Edun, the Minister expressed appreciation for the groundwork laid in stabilising the nation’s economy.
“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,” Oyedele stated.
He noted that Nigeria stands at a critical turning point, emphasizing the need to transition from stabilisation to sustainable growth and inclusive prosperity.
“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.”
Strategic Priorities
Outlining his policy direction, Oyedele highlighted five core priorities that will shape the ministry’s agenda:
Productivity & Growth: Creating a predictable, investor-friendly environment anchored on policy coherence, consistency, and clarity.
Fiscal Discipline & Sustainability: Ensuring transparent and prudent management of public resources.
Revenue Optimisation & Fair Taxation: Harmonising revenue administration, broadening the tax base, reducing pressure on vulnerable populations, and supporting economic growth.
Stronger Government Coordination: Aligning efforts across all tiers of government and institutions to maximise policy impact.
Public Policy Private Partnership (PPPP): Deepening collaboration with the private sector and stakeholders for data-driven policy design, co-implementation, and continuous feedback.
The Minister stressed that policy success will ultimately be judged by execution and outcomes.
“Good policy design alone is not enough; success will be defined by execution. We are committed to disciplined implementation, accountability, and measurable results.”
Oyedele reaffirmed his commitment to working collaboratively across government, the private sector, and with citizens to accelerate economic growth and build a more stable, inclusive, and prosperous Nigeria.
“I look 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.”
