President Bola Tinubu has appointed Taiwo Oyedele as the Minister of State for Finance. The nomination is pending Senate confirmation, according to a statement released by the Special Adviser to the President on Information Strategy, Bayo Onanuga. Oyedele previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms, leading efforts to revamp Nigeria’s tax system.
This appointment reflects President Tinubu’s commitment to driving economic growth and reform as Oyedele’s nomination is expected to boost investor confidence and stimulate economic development.
“The new tax laws will provide relief to Nigerians, with 98% of workers paying little or no PAYE taxes and 97% of small businesses exempt from Corporate Income Tax, VAT, and Withholding Tax,” Oyedele stated.
Dr. Doris Uzoka-Anite, previously Minister of State for Finance, will now serve as Minister of State for Budget and National Planning.