Appointed Minister of Finance and Coordinating Minister of the Economy on 21 April 2026, succeeding Wale Edun, after a brief stint as Minister of State for Finance.
verified
21 Apr 2026Source: Sunshine Truth Media ↗
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Incumbent · Non-partisan · Home state: Ondo
Taiwo Oyedele
Minister of Finance and Coordinating Minister of the Economy
In office since 21 Apr 2026 — present
Taiwo Oyedele, born 18 June 1975 in Ikaram-Akoko, Ondo State, is a Nigerian economist, accountant and tax policy expert. He spent over two decades at PwC Nigeria, rising to Fiscal Policy Partner and Africa Tax Leader, before chairing President Tinubu's Presidential Fiscal Policy and Tax Reforms Committee from 2023. He was briefly Minister of State for Finance in March 2026 and was elevated to Minister of Finance and Coordinating Minister of the Economy on 21 April 2026, succeeding Wale Edun. He is a professor at Babcock University and a leading architect of Nigeria's recent tax reforms.
Born: 1975-06-18
Education: HND, Yaba College of Technology; BSc, Oxford Brookes University; executive education at London School of Economics, Yale University, Harvard Kennedy School and Gordon Institute of Business Science
Previous offices: Fiscal Policy Partner and Africa Tax Leader, PwC Nigeria (2001-2023) · Chairman, Presidential Fiscal Policy and Tax Reforms Committee (2023-2026) · Minister of State for Finance (March-April 2026) · Professor, Babcock University
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Proposed capping petrol prices at about N1,350 per litre, asking refiners and importers to absorb temporary increases, and threatened a windfall tax on energy firms found profiteering at consumers' expense.
verified
08 Oct 2026Source: Reuters ↗
Clarified that the 30-day petrol discount introduced by NNPC Retail from 1 October 2026 was a retail margin discount funded from the company's profit, not a return to fuel subsidy and involving no public funds.
verified
09 Oct 2026Source: The Telegraph Nigeria ↗
Defended the 2023 petrol subsidy removal, disclosed petroleum tax and duty waivers worth over N3.3 trillion granted in the year to 30 September 2026, and proposed a National Strategic Fuel Reserve.
documented
08 Oct 2026Source: ThisDay ↗
Previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms and served as Africa Tax Leader at PwC before joining the Federal Executive Council.
verified
23 Sept 2026Source: Daily Economy ↗
Told the World Bank's Nigeria Development Update event that reforms had stabilised the economy; the Bank reported state revenues rose about 93% in real terms between 2023 and 2025.
documented
08 Oct 2026Source: Reuters ↗
Dossier last reviewed 10 Oct 2026
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