Real Reason President Tinubu Picks Oyedele As Minister Of State For Finance Revealed
- By Metropolix ~
- March 3, 2026 --
- 0 Comment
— Taiwo Oyedele
By Muyiwa Akinola
It was reported that chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele has been nominated by the
President Bola Tinubu as the minister of state for finance, replacing Dr Doris Anite-Uzoka.
His appointment was announced in a statement on Tuesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
According to Onanuga, Dr. Anite-Uzoka would now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration.
He disclosed that the President has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.
Until President Tinubu nominated him as a minister, Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.
However, fresh facts have emerged on the reason for the sudden change. This we gathered is in connection with the recent revelation by Hon. Alex Mascot Ikwechegh, member representing Aba North/Aba South Federal Constituency and a key member of the Aids and Loans Committee who took centre stage during the committee confrontation with the Minister of Finance, Wale Edun, over the unexplained disappearance of capital project funds—despite trillions of naira in loans and record-breaking revenues.
What began as a routine budget defence quickly escalated into a high-stakes interrogation when Hon. Ikwechegh revealed a disturbing pattern:
. ₦1.15 trillion had been raised and specifically approved by the National Assembly to fund 30% of the 2025 capital budget
· Multiple loans had been secured, including:
· $1.2 billion for digital infrastructure
· $500 million for economic stimulus
· $500 million for MSMEs (approved December 2025)
· $500 million from the African Development Bank (November 2025) for economic governance and energy transition
· A recent executive request for $21 million, 15 billion Yen, and 4 billion Euros
Hon. Ikwechegh, visibly frustrated, walked the Minister through the figures with surgical precision.
The committee asked him to enlighten them on why the capital projects still remain at zero.
Confused Wale Edun shifted responsibility to the Minister of State for Finance, Doris Uzoka-Anite, claiming she handled disbursements.
Just like former IGP, Kayode Egbetokun who was advised to resign by the presidency having detected many irregularities perpetrated by the ex police scribe, Wale Edun may be shown the way out soon.
“That’s the reason Tinubu brought in another competent hand to compliment Wale Edun and to act as watchdog.
You should know Tinubu is a political strategist, he knows how he treats his boys, he doesn’t want anyone disgraced.
He wants to rear Oyedele till Edun will be shown the way out,” a political analyst told Metropolix Online.
Oyedele, 50, is an economist, accountant and public policy expert. He attended Yaba College of Technology, where he obtained a Higher National Diploma (HND) in accountancy and finance.
He attended Oxford Brookes University and earned a BSc in applied accounting.
He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
Oyedele spent 22 years of his working career at PwC, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader.
Oyedele is also a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.
RELATED ARTICLES
