The Deputy Spokesperson of the House of Representatives, Philip Agbese, says the newly appointed Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has what it takes to return Nigeria’s national budget back on track.
Agbese, who spoke in Abuja, stated that Oyedele’s appointment by President Bola Tinubu signals a deliberate move to restore discipline and efficiency to the country’s budgetary process.
According to him, Oyedele can reposition Nigeria’s fiscal management and address delays affecting the execution of 2025 capital projects.
“Let me state clearly that the current delays in capital project implementation should not be misinterpreted as a sign of systemic failure.
“What we are seeing is that the government of President Bola Tinubu has taken decisive steps to strengthen the economic management team. With the appointment of Mr Taiwo Oyedele, Nigerians can be assured that the economy is in capable hands,” the lawmaker said.
He described Oyedele as a seasoned fiscal policy expert whose track record in tax reform, public finance, and economic advisory places him in a strong position to address structural inefficiencies that have historically slowed budget implementation.
The lawmaker noted that Oyedele previously led the Presidential Fiscal Policy and Tax Reforms Committee, where he was instrumental in designing frameworks aimed at improving revenue generation and aligning fiscal policies with national development goals.
The Reps deputy spokesperson reiterated that the minister’s background in both the public and private sectors, including his advisory role at a leading global consulting firm, gives him a unique perspective on managing Nigeria’s economic realities.
Agbese further stated that the focus of the new Finance Minister should be to ensure that budgetary allocations are efficiently deployed and that capital projects begin to reflect tangible impact across sectors.
“It is important to emphasise that what Nigerians should expect at this point is not rhetoric, but results.
“The minister understands the urgency of improving capital releases and ensuring that funds appropriated by the National Assembly are translated into real development outcomes,” he said.
