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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: ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ & ๐๐ซ๐จ๐ฐ๐ญ๐ก – creating a predictable and investor-friendly environment anchored on policy coherence, consistency, and clarity.
“๐
๐ข๐ฌ๐๐๐ฅ ๐๐ข๐ฌ๐๐ข๐ฉ๐ฅ๐ข๐ง๐ & ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ – ensuring transparent and prudent management of public resources.
“๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ฉ๐ญ๐ข๐ฆ๐ข๐ฌ๐๐ญ๐ข๐จ๐ง & ๐
๐๐ข๐ซ ๐๐๐ฑ๐๐ญ๐ข๐จ๐ง – 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.