President Bola Tinubu nominates Dr. Taiwo Oyedele, tax reform expert, as Minister of State for Finance, replacing Doris Anite-Uzoka
President Bola Tinubu has nominated Dr. Taiwo Oyedele as Minister of State for Finance, according to a statement by his Special Adviser on Information and Strategy, Bayo Onanuga.
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Oyedele will replace Dr. Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning, marking her third portfolio in the current administration.
The nomination, conveyed to the Senate in a letter addressed to Senate President Godswill Akpabio, positions Oyedele to oversee Nigeria’s ongoing tax reforms and fiscal policies.
Tax Reform Leadership
The 50-year-old economist and accountant previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.
The committee consolidated over 60 taxes into fewer than 10 statutes, introduced zero income tax for Nigerians earning N800,000 or less annually, and exempted small businesses with turnovers under N50 million from key levies.
Other measures included:
- 50% tax deduction for companies hiring new workers for three years
- 50% deduction for wage increases for lowest-paid employees
- Five-year corporate tax holiday for agricultural enterprises
Education and Career
Oyedele studied at Yaba College of Technology, earning a Higher National Diploma in Accountancy and Finance, followed by a BSc in Applied Accounting from Oxford Brookes University.
He also completed executive programmes at the London School of Economics, Yale University, Gordon Institute of Business Science, and Harvard Kennedy School.
He spent 22 years at PricewaterhouseCoopers, rising to Fiscal Policy Partner and Africa Tax Leader, before heading the presidential tax reform committee.
Oyedele is also a professor at Babcock University and a visiting scholar at Lagos Business School.
The Senate is expected to screen and confirm Oyedele’s nomination in the coming weeks, after which he will assume ministerial duties alongside substantive Finance Minister Wale Edun.
Also read: El-Rufai’s N1bn rights suit against ICPC hits setback
The Ministry of Finance oversees fiscal policy, revenue mobilisation, debt management, and economic planning in Nigeria.
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