President Bola Tinubu has nominated Dr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, as Minister of State for Finance.
The Ondo State native from Ikaram, Akoko, will serve under Wale Edun, also from Ogun State, as Coordinating Minister of the Economy, solidifying Yoruba representation at the top of Nigeria’s finance leadership.
Oyedele replaces Dr. Doris Anite-Uzoka from Imo State, who shifts to Minister of State for Budget and National Planning. This marks her third role in the administration: she started as Minister of Trade, moved to Finance, and now budget.
Tinubu formally sent Oyedele’s nomination to Senate President Godswill Akpabio on Tuesday, March 3, 2026, as announced by Special Adviser Bayo Onanuga.
The 50-year-old economist, accountant, and policy expert led the committee, launched in August 2023, that transformed Nigeria’s tax regime. It delivered four executive bills merging over 60 taxes into under 10, plus reforms like zero income tax for earners below ₦800,000 annually.
Punch reports The Tax Reform Acts, which became effective on January 1, 2026, also exempted small businesses with turnover below N50m from company income tax, capital gains tax, and development levy.
Other provisions include a 50 per cent tax deduction for companies hiring new workers for three years, a 50 per cent deduction for wage increases to the lowest-paid employees, and a five-year corporate tax holiday for agricultural enterprises.
Oyedele attended Yaba College of Technology, where he obtained a Higher National Diploma in Accountancy and Finance, before proceeding to Oxford Brookes University for a BSc in Applied Accounting.
He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
Oyedele spent 22 years at Price Waterhouse coppers, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader before his appointment to head the tax reform committee.
He is currently a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.
As Minister of State for Finance, Oyedele is expected to oversee the implementation of the tax reforms he championed, particularly as the government seeks to improve revenue generation and deepen economic reforms.
Anite-Uzoka, who is being redeployed to the Ministry of Budget and National Planning, previously served as Minister of State for Industry, Trade and Investment before her appointment as Minister of State for Finance.
The Senate is expected to screen and confirm Oyedele’s nomination in the coming weeks, following which he will be sworn in to assume his ministerial duties.
The Finance Ministry, currently led by Wale Edun as substantive minister, oversees fiscal policy, revenue mobilisation, debt management, and economic planning.
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