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Taiwo Oyedele

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BREAKING: Tinubu appoints Taiwo Oyedele as Minister

by Folarin Kehinde March 3, 2026
written by Folarin Kehinde

President Bola Ahmed Tinubu has appointed Taiwo Oyedele as the Minister of State for Finance, replacing Dr Doris Uzoka-Anite.

This was disclosed by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

Onanuga also said Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration.

The statement said, President Tinubu has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.

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.

Oyedele, 50, is an economist, accountant and public policy expert.

He 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.

 

March 3, 2026 0 comments
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Prostitutes will pay tax – Taiwo Oyedele

by Folarin Kehinde September 30, 2025
written by Folarin Kehinde

The Federal Government has said that ‘runs girls’ (commercial sex workers) will pay tax under the new laws.

Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, said this during an engagement session at the Redeemed Christian Church of God, City of David, Lagos.

The tax expert said: “If somebody is doing runs girls (sex worker), right, they go and look for men to sleep with. You know that’s a service. They will pay tax on it.”

According to him, the new laws do not differentiate between legitimate and illegitimate income sources.

“It just asks you whether you have an income. ‘Did you get it from rendering a service or providing a good?’ Then, you pay tax,” he explained.

Explaining further, Oyedele said money sent to relatives, friends or even strangers are not taxable, as they are considered as gifts.

He said: “You earn a certain amount of money and you have to send upkeep to your cousin, your brother, even a stranger, it doesn’t really matter.

“If the amount you are sending is money you are giving to them not because they have done something for you, then it is a gift. We call it a non-exchange transaction. That is not taxable.”

Recall that the new (reformed) laws are the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act.

 

September 30, 2025 0 comments
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