Nigeria is at a critical juncture, the next task is to consolidate reforms, says Oyedele upon taking office. – THIS AGE

By Barth Ikiebe

The new Minister of Finance and Economic Coordination, Taiwo Oyedele, formally assumed office following the handover from his predecessor, Wale Edun.

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

“Nigeria is at a critical juncture. Having taken important steps to stabilize 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, coherence and clarity.

𝐅𝐢𝐬𝐜𝐚𝐥 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 & Management – guarantee transparent and prudent management of public resources.

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐚𝐭𝐢𝐨𝐧 & 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 – harmonize revenue administration, broaden the tax base, reduce the burden on vulnerable populations and support economic growth.

𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐂𝐨𝐨𝐫𝐝𝐢𝐧𝐚𝐭𝐢𝐨𝐧 – aligning efforts at all levels and institutions to maximize the impact of policies.

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

Taiwo Oyedele said “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 in government, the private sector and all Nigerians as we move from reform to results, accelerate growth and build a more stable, inclusive and prosperous economy,” Oyedele concluded.

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