Taiwo Oyedele has formally assumed office as Minister of Finance and Coordinating Minister of the Economy, following a handover from his predecessor, Wale Edun.
In a statement issued on Friday after taking office, Oyedele thanked Edun for his service and said Nigeria had reached a critical point in its economic reform journey, with the immediate task now being to consolidate recent stabilisation gains and convert them into tangible outcomes for citizens.
He said his priorities would include driving productivity and growth by creating a predictable and investor-friendly environment anchored on policy coherence, consistency and clarity.
Oyedele also stressed fiscal discipline and sustainability as central to his agenda, pledging transparent and prudent management of public resources.
On revenue, he said the government would pursue fair taxation by harmonising revenue administration, broadening the tax base and easing the burden on vulnerable groups while supporting economic growth.
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He explained the need for stronger coordination across government institutions to maximise policy impact and said public policy, private sector partnerships would be deepened to support data-driven policy design, co-implementation and continuous feedback.
"Good policy design alone is not enough, success will be defined by execution. We are committed to disciplined implementation, accountability, and measurable results," he said.
He further disclosed readiness to work with stakeholders across government, the private sector and the wider public to accelerate growth and build a more stable, inclusive and prosperous economy.
The new Nigerian Minister of Finance and Coordinating Minister of the Economy took over from Edun on 23 April 2026 following a cabinet reshuffle by President Bola Tinubu.