Oyedele sets economic agenda, prioritises investment

Nigeria’s new Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has unveiled his economic policy priorities, pledging to deepen reforms, strengthen fiscal discipline, and drive inclusive growth following his assumption of office.

Oyedele, who formally took over from his predecessor, Wale Edun, said Nigeria is at a critical stage where recent efforts to stabilise the economy must now translate into tangible benefits for citizens.

He outlined a reform-driven agenda anchored on boosting productivity and economic growth through a predictable and investor-friendly environment, stressing the importance of policy coherence and consistency to attract investment.

A key pillar of his strategy is fiscal discipline, with a focus on prudent and transparent management of public finances to ensure long-term sustainability. He also highlighted plans to optimise revenue by harmonising tax administration, expanding the tax base, and easing the burden on vulnerable populations.

The minister emphasised the need for stronger coordination across government institutions to enhance policy effectiveness, noting that alignment among ministries, departments, and agencies would be critical to achieving desired economic outcomes.

He further signalled a push for deeper collaboration with the private sector through public-private partnerships, aimed at improving policy design, implementation, and feedback mechanisms using data-driven approaches.

According to Oyedele, the success of the administration’s economic agenda will depend not only on policy formulation but on disciplined execution, accountability, and measurable results.

He expressed readiness to work with stakeholders across government and the private sector to accelerate growth, consolidate reforms, and build a more stable, inclusive, and resilient Nigerian economy.