President Bola Tinubu has nominated Taiwo Oyedele as the new Minister of State for Finance, subject to confirmation by the Senate.
The nomination was conveyed in a letter to the Senate President, Godswill Akpabio, according to a statement issued on Tuesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
Oyedele, who previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms, is expected to replace Doris Uzoka-Anite in the finance ministry.
Uzoka-Anite has now been redeployed to the Ministry of Budget and National Planning as Minister of State, marking her third portfolio since joining the administration.
Uzoka-Anite was initially appointed Minister of Industry, Trade and Investment in August 2023 before being reassigned in October 2024 to serve as Minister of State for Finance.
From Tax Reforms to Cabinet Nominee
Oyedele, a fiscal policy expert and tax professional, was appointed in July 2023 to head the presidential tax reforms committee. Before that role, he was a fiscal policy partner and Africa tax leader a tPricewaterhouseCoopers, where he built a career spanning over two decades after joining the firm in 2001.
A public policy specialist, accountant, and economist, Oyedele holds a Higher National Diploma in Accountancy and Finance from Yaba College of Technology and a BSc in Applied Accounting from Oxford Brookes University.
He has also completed executive education programmes at globally renowned institutions, including the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
In academia, Oyedele is a professor at Babcock University and serves as a visiting scholar at the Lagos Business School.
His nomination follows President Tinubu’s assent in June 2025 to four landmark tax reform bills drafted by the committee he led.
The bills — the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill — were passed by the National Assembly after months of debate and public scrutiny.
The new tax laws, which came into effect on January 1, 2026, are aimed at overhauling Nigeria’s tax administration framework, boosting revenue generation, improving the business climate, and attracting both domestic and foreign investment.
Despite facing opposition and criticism from some quarters, the reforms marked a significant shift in Nigeria’s fiscal policy direction, with Oyedele widely regarded as the chief architect of the new tax regime.
