Oyedele Warns Customs Against Complacency Despite Gains
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned the Nigeria Customs Service against complacency, despite its strong revenue performance and progress in trade facilitation. Oyedele, who chairs the Nigeria Customs Service Board, gave the warning during his inaugural board meeting and facility tour at Customs Headquarters […]
Tinubu Orders Forensic Audit of IPPIS, Federal Agencies
By Oluwakemi Kindness President Bola Tinubu has ordered a comprehensive forensic audit of the Federal Government’s payroll system and all its agencies. The audit will target ghost workers, payroll fraud, fake agencies and weaknesses in government controls that could expose public funds to abuse. Tinubu directed the Minister of Finance and Coordinating Minister of the […]
FG Spends N30.6tn, Saves N15.8tn After Subsidy Removal
By Mardiyyah Abubakar The Federal Government generated N20.4tn in additional resources between June 2023 and December 2025 but spent N30.64tn on additional obligations during the period, leaving about N10tn to be funded from its existing revenue base. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Wednesday while presenting the Federal […]
Oyedele Says Poverty Reduction Remains ‘Unfinished Business’
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has acknowledged that poverty reduction and improved household welfare remain “unfinished business” for the Federal Government despite what he describes as significant gains from its economic reforms. Oyedele made the remarks on Wednesday while presenting the government’s economic scorecard, where […]
FG to Release Fuel Subsidy Savings Report Within Days
By Mardiyyah Abubakar The Federal Government says it will soon publish a detailed report showing how it used savings from the removal of fuel and foreign exchange subsidies. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, made the promise on Thursday at the 7th Africa Emerging Markets Forum in Abuja. Oyedele said Nigerians […]
Finance Minister Seeks Commercial Tribunal for Investors
By Oluwakemi Kindness, Mardiyyah Abubakar The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has proposed the establishment of a specialised Commercial Dispute Resolution Tribunal to speed up the resolution of business disputes and boost investor confidence in Nigeria. Speaking at the Second Biennial Conference of the Capital Market Academics of Nigeria […]
Tax Transition Guidelines Will Ensure Fairness, Clarity – Oyedele
By Oluwakemi Kindness The minister of Finamce and Coordinating Minister of the Economy, Taiwo Oyedele, says the Federal Government’s newly released guidelines for implementing the Tax Acts 2025 will ensure a smooth and fair transition to Nigeria’s new tax regime. Oyedele said the guidelines provide a clear framework for handling issues that may arise as […]
FG Welcomes IMF Backing for Reform Agenda
By Oluwakemi Kindness The Federal Government has expressed satisfaction with the International Monetary Fund’s (IMF) latest assessment of Nigeria’s economy, describing it as an independent validation of the economic reforms implemented under President Bola Tinubu’s administration. In a statement issued on Tuesday, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says the […]
FG Expands Revenue Monitoring to 21 Agencies
By Oluwakemi Kindness The Federal Government has intensified its push for financial transparency and accountability with the Nigeria Export Processing Zones Authority (NEPZA) and 20 other federal agencies committing to the adoption of the Revenue Optimisation and Assurance Platform (RevOP) and the Federal Treasury e-Receipt (FTe-R). The initiative, designed to curb financial leakages and strengthen […]
Finance Minister Oyedele Vows to Sustain Economic Reforms
By Oluwakemi Kindness Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has assured investors that the Federal Government will not reverse ongoing economic reforms. Speaking in Lagos at the launch of the Nigerian Economic Summit Group Private Sector Outlook 2026, Oyedele stressed that policy consistency is now a top priority, “We […]