Economy: Oyedele unveils Finance Ministry’s strategic priorities, reaffirms commitment to reforms

*Taiwo Oyedele, Minister for Finance and Coordinating Minister of the Economy, unveiled his Ministry’s strategic priorities, stating ‘our immediate task is to consolidate these gains, deepen ongoing reforms, and ensure they translate into tangible benefits for all Nigerians’

Gbenga Kayode | ConsumerConnect

Following his assumption of office in his new role Friday, April 24, 2026, in Abuja, FCT, Mr. Taiwo Oyedele, Nigeria’s Honourable Minister for Finance and Coordinating Minister of the Economy, has unveiled his Ministry’s strategic priorities, and assured Nigerians of better days ahead.

President Bola Ahmed Tinubu, GCFR, Tuesday, April 21, 2026, approved minor cabinet reshuffle in the Federal Executive Council (FEC) that led to the exit of two Ministers: Mr. Wale Edun (Finance) and Arc. Ahmed Musa Dangiwa, former Minister for Housing and Urban Development Ministry.

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ConsumerConnect reports Mr. Taiwo Oyedele, who until last Tuesday, had served as the Minister of State for Finance in the FEC.

Highlighting the details of key priority areas of his leadership in the Finance Ministry, Oyedele in a statement via his verified social media account, restated his commitment to the ongoing reforms introduced by President Bola Ahmed Tinubu’s administration.

‘Nigeria at a critical juncture’

Oyedele stated: “I formally assumed office yesterday (Friday) as the Minister for Finance and Coordinating Minister of the Economy, following a handover from my predecessor, Mr. Wale Edun.

“I sincerely appreciate him for his service to our country and the foundation he has laid. Nigeria is at a critical juncture.”

In regard to his major task of reengineering the country’s economy, Oyedele also said: “Having taken important steps to stabilise the economy, our immediate task is to consolidate these gains, deepen ongoing reforms, and ensure they translate into tangible benefits for all Nigerians.”

The Minister, therefore, outlined the Federal Government’s strategic priorities under his leadership of the Federal Ministry of Finance to include the following:

P𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲 and 𝐆𝐫𝐨𝐰𝐭𝐡 – creating a predictable and investor-friendly environment anchored on policy coherence, consistency, and clarity.

𝐅𝐢𝐬𝐜𝐚𝐥 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 and 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 – ensuring transparent and prudent management of public resources.

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐚𝐭𝐢𝐨𝐧 and 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 – harmonising revenue administration, broadening the tax base, reducing the burden on vulnerable population, and supporting economic growth.

𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐂𝐨𝐨𝐫𝐝𝐢𝐧𝐚𝐭𝐢𝐨𝐧 – aligning efforts across all tiers and institutions to maximise policy impact.

𝐏𝐮𝐛𝐥𝐢𝐜 𝐏𝐨𝐥𝐢𝐜𝐲 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 (𝐏𝐏𝐏𝐏) – deepening collaboration with the private sector and other key stakeholders for data-driven policy design, co-implementation, and feedback for continuous improvement.

The Minister further stated that “good policy design alone is not enough, success will be defined by execution.

“We are committed to disciplined implementation, accountability, and measurable results.”

Oyedele added: “I look forward to working with colleagues across government, the private sector, and all Nigerians as we move from reforms to results, accelerate growth, and build a more stable, inclusive, and prosperous economy.”

Oyedele’s profile at a glance

Earlier March 2026, President Tinubu has nominated 50-year-old Mr. Oyedele, he hitherto Chairman of the Presidential Fiscal Policy and Tax Reforms Committee as the Minister of State for Finance.

Ha had succeeded Dr. Doris Uzoka-Anite in the Federal Ministry of Finance.

Before his appointment as Chairman of the Tax Reforms Committee, Tinubu, in July 2023, appointed Oyedele, a fiscal policy partner and Africa Tax Leader at PricewaterhouseCoopers (PwC), to chair the Presidential Fiscal Policy and Tax Reforms Committee.

He has been described as a public policy expert, accountant and economist.

Oyedele attended the Yaba College of Technology (YABATECH), in Lagos, where he obtained a Higher National Diploma (HND) in Accountancy and Finance.

He later earned a BSc in Applied Accounting from Oxford Brookes University, in the United Kingdom (UK).

The new Minister for Finance and Coordinating Minister of the Economy has also attended several executive education programmes at the London School of Economics (LSE), Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School, in the United States (US).

The Nigerian new Minister for Finance and Coordinating Minister of the Economy had worked for several decades with PwC, where he began his career 2001, and rose from the ranks to become a fiscal policy partner of the transnational firm.

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