Taiwo Oyedele Takes Over as Minister of Finance

Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has formally assumed office following the completion of the handover process by the former Minister, Mr Wale Edun.

The handover was conducted on Thursday, April 23, 2026, within the stipulated timeline following President Ahmed Bola Tinubu’s directive, according to a statement issued by Mrs Efe Ovuakporie, Head of Information and P.R Unit in the ministry.

Mr Edun’s period in office was marked by the advancement of key fiscal and economic reforms aimed at stabilising the macroeconomic environment and repositioning the economy for sustainable growth.

These included efforts to strengthen revenue performance, improve fiscal coordination, and support broader structural reforms under the Administration’s economic agenda.

The newly appointed Minister of Finance and Coordinating Minister of the Economy, Mr Oyedele in his remarks commended the outgoing Minister for his service and contributions to the ongoing reform efforts in the economy.

He further expressed appreciation to President Bola Ahmed Tinubu GCFR for the confidence reposed in him to serve in this capacity. He also extoled Mr Wale Edun for his service to the nation and wished him success in his future endeavours.

Welcoming the new Minister to the Ministry in this new capacity, the Permanent Secretary, Finance, Mr Raymond Omachi and Permanent Secretary Special Duties, Mohammed Sanusi Danjuma pledged the full support and loyalty of the Management and staff of the Ministry in advancing the Minister’s mandates.

Mr Oyedele reaffirmed his readiness to work closely with the leadership and staff of the Ministry to deliver concrete outcomes aligned with the government’s economic priorities.

He emphasised the need to build on existing reforms while focusing on measurable impact across key sectors of the economy.

The assumption of office signals continuity in the Ministry’s service delivery to the nation, with a focus on deepening economic reforms, fiscal discipline, and improved outcomes for Nigerians.