Taiwo Oyedele Unveils “Strategic Priorities” As New Minister Of Finance

Taiwo Oyedele has formally assumed office as Minister of Finance and Coordinating Minister of the Economy, unveiling what he described as “strategic priorities” that will guide his administration’s approach to economic management and reforms.

In a statement posted on his social media handle after the handover from his predecessor, Mr Wale Edun, Oyedele expressed appreciation for the outgoing minister, noting that he “sincerely appreciate him for his service to our country and the foundation he has laid.”

He affirmed Nigeria is currently “at a critical juncture,” adding that while previous efforts have helped stabilise the economy, the immediate focus must shift to consolidation and ensuring that reforms deliver measurable impact for citizens.

“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,” he stated.

Oyedele outlined five broad priority areas that will shape policy direction going forward.

These include productivity and growth, fiscal discipline and sustainability, revenue optimisation and fair taxation, stronger government coordination, and expanded public-private partnerships.

On productivity and growth, he emphasised the need to build “a predictable and investor-friendly environment anchored on policy coherence, consistency, and clarity,” while stressing that fiscal discipline would centre on “transparent and prudent management of public resources.”

He also highlighted revenue reforms, saying government will focus on “harmonising revenue administration, broadening the tax base, reducing the burden on vulnerable population, and supporting economic growth.”

On governance coordination, he said stronger alignment across institutions would be critical to “maximise policy impact,” while describing public-private partnerships as essential for “data-driven policy design, co-implementation, and feedback for continuous improvement.”

According to him, policy design alone will not be sufficient to deliver results.

“Good policy design alone is not enough, success will be defined by execution. We are committed to disciplined implementation, accountability, and measurable results,” he said.

Oyedele added that his administration will work closely with stakeholders across government and the private sector to shift from reform design to implementation outcomes.

“I look forward to working with colleagues across government, the private sector, and all Nigerians as we move from reform to result, accelerate growth and build a more stable, inclusive, and prosperous economy,” he declared.