Lawmakers Endorse Oyedele to Strengthen Nigeria’s Fiscal Management

The Nigerian Senate on Wednesday confirmed the appointment of Taiwo Oyedele as Minister of State for Finance following his screening by lawmakers during plenary.

The confirmation came after several hours of questioning by senators who assessed the nominee’s competence and views on key economic and fiscal issues affecting the country.

President Bola Ahmed Tinubu had earlier transmitted Oyedele’s nomination to the Senate in a letter seeking his screening and confirmation in line with Section 147(2) of the 1999 Constitution (as amended).

The request was read during plenary by the President of the Senate, Godswill Akpabio, who subsequently referred the nominee to the Committee of the Whole for screening.

Oyedele, an economist and public policy expert, was later cleared by the lawmakers through a voice vote after the screening exercise.

He is expected to replace Doris Uzoka‑Anite, who has been redeployed as Minister of State for Budget and Economic Planning.

During the screening, Oyedele outlined plans to strengthen Nigeria’s fiscal framework, broaden the country’s revenue base and ensure more efficient management of public finances.

He also highlighted strategies aimed at stabilising government revenue, improving payment processes to contractors and supporting ongoing economic reforms.

Before his nomination, Oyedele served as Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, where he led initiatives designed to overhaul Nigeria’s tax system and improve revenue generation.

Lawmakers expressed confidence that his experience in fiscal policy and tax administration would support the government’s economic reform agenda and enhance revenue mobilisation.

With the Senate’s confirmation, Oyedele is expected to join the Federal Executive Council to assist in implementing financial and fiscal policies under the administration of President Tinubu.

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