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Nigeria at a Critical Juncture, Next Task is to Consolidate Reforms, Says Oyedele on assumption of office. 

Nigeria at a Critical Juncture, Next Task is to Consolidate Reforms, Says Oyedele on assumption of office.
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By Barth Ikiebe

Tne new Finance and Coordinating Minister of Economy, Mr Taiwo Oyedele, has formally assumed office following a handover from his predecessor, Mr. Wale Edun.

“I sincerely appreciate him for his service to our country and the foundation he has laid”, he stated.

“Nigeria is at a critical juncture. Having taken important steps to stabilise the economy, our immediate task is to consolidate these gains, deepen ongoing reforms, and ensure they translate into tangible benefits for all Nigerians”.

According to him, his strategic priorities include:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲 & 𝐆𝐫𝐨𝐰𝐭𝐡 – creating a predictable and investor-friendly environment anchored on policy coherence, consistency, and clarity.

𝐅𝐢𝐬𝐜𝐚𝐥 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 & 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 – ensuring transparent and prudent management of public resources.

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐚𝐭𝐢𝐨𝐧 & 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 – harmonising revenue administration, broadening the tax base, reducing the burden on vulnerable population, and supporting economic growth.

𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐂𝐨𝐨𝐫𝐝𝐢𝐧𝐚𝐭𝐢𝐨𝐧 – aligning efforts across all tiers and institutions to maximise policy impact.

𝐏𝐮𝐛𝐥𝐢𝐜 𝐏𝐨𝐥𝐢𝐜𝐲 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 (𝐏𝐏𝐏𝐏) – deepening collaboration with the private sector and other key stakeholders for data-driven policy design, co-implementation, and feedback for continuous improvement.

Mr Taiwo Oyedele said that, “Good policy design alone is not enough, success will be defined by execution. We are committed to disciplined implementation, accountability, and measurable results.

“I look forward to working with colleagues across government, the private sector, and all Nigerians as we move from reform to result, accelerate growth and build a more stable, inclusive, and prosperous economy”, Oyedele concluded.

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