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Nigeria will not return to the ruinous era of fuel subsidies or state-mandated price controls. Finance Minister Taiwo Oyedele confirmed this stance to global investors in Paris this week. He argued that subsidies create economic distortions that the country can no longer afford. The government remains convinced that market forces are the only credible way…
Taiwo Oyedele has officially taken the helm as Nigeria’s Minister of Finance and Coordinating Minister of the Economy. He succeeds Wale Edun following a formal handover ceremony held in Abuja on Thursday. The transition aligns with the timeline established by President Bola Ahmed Tinubu for the cabinet reshuffle. Ministry officials confirmed the orderly completion of…
The Presidency has dismissed reports suggesting that Wale Edun and Ahmed Musa Dangiwa were dismissed from the Federal Executive Council. Presidential spokesperson Bayo Onanuga confirmed that both ministers submitted their resignations voluntarily. Mr. Edun, who turned 70 on Monday, cited deteriorating health as the primary driver for his exit. He intends to shift his focus…
President Bola Tinubu has approved a minor reshuffle of the Federal Executive Council, removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Dangiwa, from their cabinet positions. A statement on Tuesday by the Special Adviser, Media and Publicity to the Secretary…
Taiwo Oyedele, the Minister of State for Finance, has admitted that the nation’s recently enacted tax reform laws contain significant errors. Speaking at a legal conference in early 2026, he blamed manual drafting processes and multiple review stages for the discrepancies. This admission follows months of confusion and allegations that the public versions of the…
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has issued a stark warning, outlining the negative consequences for workers and businesses if Nigeria’s newly signed tax laws are not implemented by the January 1, 2026 deadline. President Bola Tinubu recently enacted four major tax reform bills, hailed by the…
Rising anxiety over Nigeria’s ongoing tax reform reflects a deeper crisis within the country’s fiscal architecture rather than a fair reading of the policy recalibration. Beneath the public fear lies a system plagued by weak revenue mobilisation, loopholes that enable wealthy individuals and corporations to evade taxes, and a long-standing structure that fuels poverty and…
