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Home > Taiwo Oyedele
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Taiwo Oyedele

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BREAKING: Tinubu sacks Edun, appoints Oyedele as Finance Minister

by Folarin Kehinde April 21, 2026
written by Folarin Kehinde

President Bola Ahmed Tinubu has approved a minor cabinet reshuffle, effecting changes in the membership of the Federal Executive Council (FEC) with the exit of two ministers and the appointment of replacements.

The decision, conveyed in a memo signed by the Secretary to the Government of the Federation (SGF), George Akume, directed the immediate redeployment of portfolios to strengthen governance delivery.

According to a statement issued by Special Adviser to the SGF on Media and Publicity, Yomi Odunuga, Mr. Wale Edun has been relieved of his duties as Minister of Finance and Coordinating Minister of the Economy under the reshuffle.

He is to hand over to Mr. Taiwo Oyedele, who has now been elevated to the position from his previous role as Minister of State in the ministry.

Similarly, the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, is to exit the cabinet, with the President naming Dr. Muttaqha Rabe Darma as ministerial nominee and minister-designate for the ministry.

The directive also mandates that Dangiwa hand over to the Minister of State in the ministry, pending Darma’s confirmation and assumption of office.

According to the memo, all handover and takeover processes are to be completed by close of business on Thursday, April 23, 2026.

Explaining the rationale for the changes, Akume said the reshuffle was designed to “strengthen cohesion, synergy in governance as well as achieve more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”

He added that the President exercised his constitutional powers under Sections 147 and 148 of the 1999 Constitution (as amended) in effecting the changes.

The President expressed appreciation to the outgoing ministers for their service to the nation and wished them success in their future endeavours.

Akume further conveyed the President’s assurance to cabinet members that the process of reinvigorating the government would be continuous and in line with the administration’s policy objectives.

 

April 21, 2026 0 comments
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Headlines

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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Headlines

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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