Tinubu nominates Oyedele as minister of state for finance
President Bola Tinubu has nominated Dr. Taiwo Oyedele as the new Minister of State for Finance. Oyedele replaces Dr. Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning. The nomination was conveyed to the Senate for confirmation. Oyedele is known for leading significant tax reforms in Nigeria.
What we know
- Bola Tinubu nominated Dr. Taiwo Oyedele, who previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms, as Minister of State for Finance.
- Oyedele replaces Dr. Doris Anite-Uzoka, now redeployed to the Ministry of Budget and National Planning.
- The committee led by Oyedele overhauled Nigeria’s tax system, consolidating over 60 taxes and introducing major reforms.
- The Tax Reform Acts exempt small businesses with turnover below N50m from certain taxes and offer incentives for job creation and wage increases.
- The Senate is expected to screen and confirm Oyedele’s nomination before he assumes his new role.
