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As New Finance Minister Assumes Office
- Safiu Kehinde
Taiwo Oyedele has assumed office as the new Minister of Finance as the immediate past Minister, Wale Edun, handed over to him.
Oyedele made this known in a statement issued on his official X handle on Friday.
While expressing his gratitude to his predecessor for his service to the country, the new Finance held that his role is to consolidate the gains already achieved through Edun’s effort in stabilising the economy.
“I sincerely appreciate him for his service to our country and the foundation he has laid. Nigeria is at a critical juncture.
“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 wrote.
He highlighted what he considered his administration’s priorities which include productivity and growth, fiscal discipline and sustainability, revenue optimisation and fair taxation amongst others.
“Our strategic priorities include: 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲 & 𝐆𝐫𝐨𝐰𝐭𝐡 – creating a predictable and investor-friendly environment anchored on policy coherence, consistency, and clarity.
“𝐅𝐢𝐬𝐜𝐚𝐥 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 & 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 – ensuring transparent and prudent management of public resources.
“𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐚𝐭𝐢𝐨𝐧 & 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 – harmonising revenue administration, broadening the tax base, reducing the burden on vulnerable population, and supporting economic growth.” He stated.
Oyedele also seek stronger government cooardination through aligning efforts across all tiers and institutions to maximise policy impact.
He also further pledged to prioritise Public Policy Private Partnership (PPPP) by deepening collaboration with the private sector and other key stakeholders for data-driven policy design, co-implementation, and feedback for continuous improvement.
The minister affirmed his commitment to implementation, accountability, and accomplishment of measurable results.
“Good policy design alone is not enough, success will be defined by execution.
“We are committed to disciplined implementation, accountability, and measurable results.
“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 added.