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The Nigerian Senate has confirmed the appointment of Taiwo Oyedele, the outgoing chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, as the Minister of State for Finance under the administration of President Bola Tinubu.
The Senate on Wednesday began the screening of Oyedele, following his nomination as Minister of State for Finance.
The Senate President, Senator Godswill Akpabio, announced the confirmation after the Committee of the Whole cleared the nominee by voice vote. The exercise came less than 24 hours after President Bola Tinubu asked the Senate to screen and confirm Oyedele as the substantive Minister of State for Finance, replacing Doris Uzoka-Anite.
Speaking at the event, Oyedele described his nomination as the Minister of State for Finance as a call to serve Nigeria.
“With over two decades of experience working with national governments, multilateral institutions, and global corporations, my journey across the private sector, academia, and public policy has focused on fiscal governance and economic transformation.
“However, this moment is not about personal accomplishments; it is a call to serve at a critical time when Nigeria faces significant fiscal challenges and remarkable opportunities.”
He further praised Tinubu for nominating him as a minister and tagged his appearance before the Senate as an honour.
“I am deeply honoured to appear before this distinguished chamber today. I thank President Bola Ahmed Tinubu, GCFR, for the confidence reposed in me through this nomination, and I thank the Senate for the opportunity to share my vision.”
In a separate request, the President also nominated former Rivers South-East senator, Magnus Abe, for appointment as chairman of the Nigerian Upstream Petroleum Regulatory Commission.
The nominations were conveyed in two letters read during plenary by Senate President Godswill Akpabio.
Before his nomination, Oyedele, who hails from Ikaram in Akoko, Ondo State, led the Presidential Committee on Fiscal Policy and Tax Reforms, where he oversaw initiatives aimed at restructuring Nigeria’s tax system.
The 50-year-old economist and accountant previously spent more than two decades at PricewaterhouseCoopers, where he joined in 2001 and rose to become Fiscal Policy Partner and Africa Tax Leader.
