President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the new Minister of State for Finance, replacing Dr Doris Uzoka-Anite.
In a State House press release issued on Tuesday, the President also announced that Uzoka-Anite has been reassigned to the Ministry of Budget and National Planning as Minister of State. The redeployment marks her third ministerial portfolio under the current administration.
President Tinubu has formally conveyed Oyedele’s nomination to the Senate for confirmation in a letter addressed to the Senate President, Godswill Akpabio.
Until his nomination, Oyedele, a native of Ikaram in Akoko area of Ondo State, served as Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms. In that role, he led efforts that resulted in a comprehensive overhaul of Nigeria’s tax system.
The 50-year-old economist and accountant holds a Higher National Diploma in Accountancy and Finance from Yaba College of Technology and a Bachelor of Science degree in Applied Accounting from Oxford Brookes University.
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.
Oyedele spent 22 years at PwC, where he joined in 2001 and rose to become Fiscal Policy Partner and Africa Tax Leader.
He is currently a professor at Babcock University and serves as a visiting scholar at the Lagos Business School.
The nomination is subject to confirmation by the Senate.
