Oyedele was questioned for over two hours by the senators before eventually confirming him as a minister-designate.
The Senate President, Senator Godswill Akpabio, announced the confirmation after lawmakers cleared the nominee through a voice vote at the Committee of the Whole.
The confirmation of the outgoing chairman of the Presidential Committee on Fiscal Policy and Tax Reforms followed his screening by the lawmakers on Wednesday.
Answering questions from the lawmakers, Oyedele described his nomination as the Minister of State for Finance as a call to serve Nigeria.
President Bola Tinubu nominated Oyedele to replace Doris Uzoka-Anite, who was moved to serve as the minister of Budget and National Planning (state).
