SENATE APPROVES ₦403.1BN POLICE TRUST FUND BUDGETS FOR 2025, 2026.(PHOTO).

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 SENATE APPROVES ₦403.1BN POLICE TRUST FUND BUDGETS FOR 2025, 2026 The Senate has approved a total of ₦403.1 billion for the Nigeria Police Trust Fund for the 2025 and 2026 fiscal years, to strengthen policing and tackle terrorism, kidnapping, and other security threats. The approved funding includes ₦170.1 billion for 2025 and ₦233 billion for 2026, covering personnel costs, capital projects, and overhead expenses aimed at improving the operational capacity of the Nigeria Police Force. Lawmakers say the funds will support the provision of critical equipment, infrastructure, training, and other resources needed to enhance security across the country. Meanwhile, President Bola Tinubu has sent a bill to the Senate seeking to repeal and reenact the Administration of Criminal Justice Act.  The proposed legislation aims to speed up the delivery of justice, promote the use of technology in criminal proceedings, and establish a Criminal Justice Monitoring Council to oversee implement...
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PRESIDENT TINUBU NOMINATES OYEDELE AS MINISTER OF STATE FOR FINANCE. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE 


President Tinubu nominates Oyedele as minister of state for finance


President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Uzoka-Anite.


Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration. 


President Tinubu 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. 


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. 


Bayo Onanuga,

Special Adviser to the President,

(Information and Strategy)

March 3, 2026

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