Tinubu Appoints Taiwo Oyedele as Finance Minister

President Bola Tinubu appointed Taiwo Oyedele as the new Minister of State for Finance during a ceremony at the State House in Abuja. Tinubu tasked Oyedele with the responsibility of strengthening Nigeria's economy and consolidating economic stability while pursuing accelerated growth.

The President highlighted the importance of fiscal policy reforms and the need for efficient revenue management to address the country's economic challenges. He expressed confidence in Oyedele's expertise and commitment to the role, noting that the previous tax structure had become obsolete and required a comprehensive overhaul.

Oyedele's immediate priorities include strengthening revenue generation, improving spending efficiency, and ensuring fiscal sustainability to support Nigeria's economic stability and growth. The President acknowledged the support of Oyedele's family during his public service commitment and emphasized the importance of aligning fiscal policies with national strategies, including monetary and trade policies, to navigate global economic uncertainties.