Tinubu Appoints Taiwo Oyeleke as Finance Minister

On Monday afternoon, President Bola Tinubu administered the oath of office to Professor Taiwo Oyeleke, appointing him as the new Minister of State for Finance. Tinubu emphasized the need for Oyeleke to strengthen the nation's economy, consolidate economic stability, and pursue rapid growth.

He noted that the appointment was made after careful consideration of Oyeleke's expertise and commitment, expressing confidence in his ability to fulfill the role. The President highlighted the importance of managing fiscal policies and ensuring financial discipline as critical tasks for the government.

Oyeleke acknowledged the challenges of public service and expressed his dedication to reforming Nigeria's tax framework, which he described as outdated. He stated that his immediate priorities include strengthening revenue generation, improving spending efficiency, and ensuring fiscal sustainability to support Nigeria's economic stability and growth.

Oyeleke also emphasized the need for alignment between fiscal policies and national strategies, particularly in the context of global economic uncertainties.