President Bola Ahmed Tinubu has nominated the Presidential Committee on Fiscal Policy and Tax Reforms chairman, Mr Taiwo Oyedele, as the minister of state for finance, replacing Dr Doris Uzoka-Anite.
This was disclosed in a statement on Tuesday by Bayo Onanuga, Special Adviser to the President (Information and Strategy) on March 3, 2026.
According to the statement, Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration.
What the Presidency Is Saying
- According to Onanuga, President Tinubu has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.
- The presidency described Oyedele as an economist, accountant and public policy expert.
- Onanuga held that Oyedele played a role in overhauling Nigeria’s tax system.
“Until President Tinubu nominated him as a minister, Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system,” the statement partly reads.
Brief Profile
According to the statement, Oyedele attended Yaba College of Technology, where he obtained a Higher National Diploma (HND) in accountancy and finance.
He attended Oxford Brookes University and earned a BSc in applied accounting.
- “He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
- “Oyedele spent 22 years of his working career at PwC, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader,” the statement read.
Oyedele is said to be a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.
More Insights
- Highlighting his choice of Oyedele via his official X page, President Bola Tinubu stressed that, “Taiwo has served our nation diligently as Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, leading the overhaul of our tax system with clarity, courage, and competence.”
- According to the President, his depth as an economist, accountant, and public policy expert will strengthen Nigeria’s fiscal architecture at a critical time.
- On Dr. Doris Uzoka-Anite, who has been deployed to serve the nation as Minister of State at the Ministry of Budget and National Planning, the President explained that her experience across portfolios “remains valuable to our reform agenda. Nigeria First,” he added.
- According to the President, his administration is building a team defined by expertise, discipline, and results, even as the work continues.
Backstory
In 2024, tax reform bills were introduced at the National Assembly to halt revenue collection by certain federal agencies, including the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Customs Service (NCS).
- The Chairman of the Presidential Tax Committee, Taiwo Oyedele, said at the time that the reforms aimed to stop about 60 federal agencies from collecting taxes, allowing them to focus on their core mandates.
- Under the new framework, all federal taxes are now paid to the Federal Inland Revenue Service (FIRS), which has been renamed the Nigeria Revenue Service (NRS).
- The tax reform laws were published in the government gazette in 2025 after being signed into law on June 26, 2025, by President Bola Tinubu.
The legislation laid the foundation for a comprehensive overhaul of Nigeria’s tax administration system.
