Nigeria’s new Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reaffirmed his commitment to sustaining the country’s ongoing economic reform agenda, signalling continuity in fiscal policy direction under the current administration.
The assurance was conveyed in a statement issued in Abuja by the Ministry of Finance’s Head of Information and Public Relations, Efe Ovuakporie, following the official handover ceremony.
Oyedele used the occasion to outline his priorities, emphasising the need to build on existing reforms while delivering measurable outcomes across key sectors of the economy.
He commended his predecessor, Wale Edun, for his service and contributions, noting that his tenure was marked by significant efforts to stabilise Nigeria’s macroeconomic environment. According to Oyedele, these reforms included initiatives to strengthen revenue generation, improve fiscal coordination and support broader structural changes.
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The new minister also expressed gratitude to President Bola Tinubu for entrusting him with the role, pledging to justify the confidence through dedicated service and results-driven leadership.
Oyedele stressed that his administration would prioritise continuity, particularly in deepening fiscal discipline and enhancing economic resilience. He highlighted the importance of collaboration within the ministry, stating his readiness to work closely with staff and leadership to achieve the government’s economic objectives.
“Our focus will be on sustaining reform momentum while ensuring that policies translate into tangible benefits for Nigerians,” he said, underscoring the need for impact-driven governance.
Senior officials within the ministry, including Permanent Secretary Raymond Omachi and Permanent Secretary (Special Duties) Mohammed Danjuma, welcomed Oyedele and pledged their full support in advancing the ministry’s mandate. They assured him of the commitment and cooperation of the management and staff in delivering on the government’s economic agenda.
Analysts say the transition comes at a critical time for Nigeria’s economy, with expectations that sustained reforms will address fiscal challenges, improve revenue performance and promote long-term growth.
Oyedele’s appointment is widely seen as a signal of policy continuity, with a strong emphasis on consolidating previous gains while introducing new strategies to drive inclusive and sustainable economic development.
