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Tag: Taiwo Oyedele

featured Finance

Oyedele inaugurates committee to draft new VAT order

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has inaugurated an Inter-Ministerial Committee to develop a new Value Added Tax Modification Order 2026 to support the implementation of Nigeria’s recently enacted Tax Reform Acts. According to a statement from the Finance Ministry, the committee, inaugurated on Friday in Abuja, has been […]

Economy

FG considers new framework to measure economic success — Oyedele

The Minister of Finance, Taiwo Oyedele, has said that the Federal Government will adopt a new framework for assessing Nigeria’s economic performance. According to him, the government is shifting emphasis from headline growth figures to measurable improvements in living standards and shared prosperity. Nairametrics reported that Oyedele disclosed the initiative at the BusinessDay CEO Forum […]

featured Finance

FG denies spending ₦8trn outside approved budget, faults IMF claim

The Federal Government has dismissed claims that it spent over N8 trillion outside the approved budget, describing the allegation as false and a misrepresentation of the 2026 Article IV Consultation Report by the International Monetary Fund. The government said reports suggesting that about two per cent of Nigeria’s Gross Domestic Product, was expended outside the […]

Economy

How Tinubu’s reforms saved Nigeria from economic collapse — Oyedele

The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, says President Bola Tinubu’s reforms prevented Nigeria’s economy from collapsing. Oyedele said this on Tuesday in Abuja during a plenary at the 2026 Nigeria Employers’ Summit organised by the Nigeria Employers’ Consultative Association (NECA). Oyedele, who spoke on the theme “The Reforms […]

Finance

Oyedele, Wike meet to harmonise FCT tax administration

The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele and his Federal Capital Territory counterpart, Barr. Nyesom Wike have met to fine-tune the tax administration in the FCT. Mr. Oyedele, in a statement on Sunday, described it as a, “productive bilateral meeting,” adding, “the two Ministers also reviewed plans to harmonise […]

Business

Oyedele unveils digital platforms to boost taxpayer complaint resolution

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Monday officially launched the Office of the Tax Ombud’s digital case management portal, website, and call centre to strengthen taxpayer protection. The unveiling ceremony, held in Abuja. Also present were the Minister of Information and National Orientation, Mohammed Idris; the Head of […]

featured Finance

Oyedele dismisses claims of errors in new tax reform laws

The Minister of State for Finance, Taiwo Oyedele, has dismissed reports claiming he admitted to errors in Nigeria’s new tax reform laws, describing the publications as “misleading” and a misrepresentation of his remarks. In a statement by the Presidential Fiscal Policy and Tax Reforms on Sunday, Oyedele clarified that his comments at a recent Nigerian […]

featured Finance

Oyedele admits errors in old tax regime, promises fix

Minister of State for Finance, Taiwo Oyedele, has acknowledged that Nigeria’s old tax laws contain errors, assuring that corrective measures are already underway to address the identified issues. Oyedele made the disclosure while speaking during a fireside chat at the 2026 annual conference of the Nigerian Bar Association (NBA) Section on Legal Practice, themed “From […]

featured Policy and Regulations

12 states have enacted tax harmonisation law — Oyedele

At least 12 states in Nigeria have enacted the tax harmonisation law, which is regarded as a vital component of the comprehensive tax reform initiative launched by President Bola Tinubu’s administration. During a speech in Abuja on Thursday, Taiwo Oyedele, who serves as the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms […]

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