Breaking: Oyedele Officially Takes Charge As Nigeria’s Finance Minister

The transition ceremony took place on Thursday evening and was confirmed in a statement issued by the Ministry’s Head of Information and Public Relations, Efe Ovuakporie.

According to the statement, the handover was completed within the timeframe set by President Bola Ahmed Tinubu.

In his inaugural address, Oyedele pledged to sustain ongoing reforms while ensuring they translate into measurable economic outcomes for Nigerians.

He said his administration would prioritise fiscal discipline, transparency, and improved performance across key sectors of the economy.

The new minister also expressed his readiness to work closely with ministry staff to strengthen service delivery and policy implementation.

He commended Wale Edun for his efforts in driving economic reforms and thanked President Tinubu for the confidence reposed in him to handle the strategic portfolio.

Welcoming him, the Permanent Secretary, Raymond Omachi, alongside the Permanent Secretary for Special Duties, Mohammed Danjuma, assured Oyedele of the ministry’s full support and cooperation.

During Edun’s tenure, the ministry implemented several fiscal reform measures aimed at boosting revenue and improving coordination of the economy.

However, officials acknowledged that the period also faced challenges, including budget implementation constraints that affected ministries, departments, and agencies, as well as outstanding obligations to pensioners and contractors.