The Federal Government’s three-year reform scorecard shows that more than half of the ₦20.4 trillion in incremental resources available to the government between June 2023 and December 2025 came from borrowing, raising questions about how much of the fiscal improvement was driven by reforms and how much depended on additional debt. The disclosure is one …
Nigeria’s fiscal reform programme has reached a defining institutional milestone, with the Minister of State for Finance, Taiwo Oyedele, declaring that the country’s revenue system has been fundamentally restructured for performance, efficiency, and long-term sustainability. Speaking on behalf of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the commissioning of …
President Bola Tinubu on Monday swore in Taiwo Oyedele as the new Minister of State for Finance during a brief ceremony at the State House. The oath of office was administered in the president’s first-floor office, formally ushering Oyedele into the Federal Executive Council (FEC). Oyedele’s appointment followed a minor cabinet reshuffle in which the …
The Nigerian Senate on Wednesday commenced the screening of Taiwo Oyedele, the immediate past Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, following his nomination as Minister of State for Finance. The exercise took place barely 24 hours after Bola Ahmed Tinubu wrote to the Senate requesting the screening and confirmation of …
President Bola Tinubu on Tuesday asked the Senate to screen and confirm Taiwo Oyedele as Minister of State for Finance, to replace Dr Doris Uzoka-Anite. The President also requested the upper chamber to confirm former Rivers South-East senator, Magnus Abe, as chairman of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests were conveyed in …
President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as Nigeria’s new Minister of State for Finance, signalling a strategic move to strengthen the administration’s fiscal reform agenda. Oyedele replaces Dr Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning as Minister of State, marking her third ministerial portfolio under …
The federal government has dismissed as false a viral video claiming that Nigeria’s new tax laws will only commence in 2027 and that a 25 per cent tax has been imposed on funds meant for building materials and other transactions. This was contained in a separate clarification by the Presidential Fiscal Policy and Tax Reforms …
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has revealed that Nigeria’s ongoing tax reforms have exposed him to threats against his personal safety. Oyedele disclosed this on Tuesday in Abuja while speaking at a governance colloquium organised to mark the 50th birthday of Hajiya Hadiza Bala Usman, Special …
The Presidential Fiscal Policy and Tax Reforms Committee has rejected most of the observations made by KPMG on Nigeria’s newly enacted tax laws, describing the advisory firm’s conclusions as largely flawed and based on misinterpretation. The committee, chaired by renowned tax expert Taiwo Oyedele, conveyed its position in a response issued on Saturday to KPMG’s …
As Nigeria ushers in 2026, the nation operates under a landmark fiscal framework, the 2025 Tax Reform Laws. Designed to modernize the tax system, broaden compliance, and strengthen national revenue, these reforms have generated both optimism and anxiety. A wave of misinformation circulating online has raised fears that the new system could allow authorities to …
