The Presidency has clarified that former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and former Minister of Housing and Urban Development, Ahmed Musa Dangiwa, voluntarily resigned from their positions, countering earlier reports suggesting they were removed from office.
According to official details released by the Presidency, Edun tendered his resignation on health grounds prior to the announcement of his replacement by President Bola Ahmed Tinubu. The former minister, who recently turned 70, is said to have been managing health challenges and opted to step down to focus on his wellbeing and private business interests.
In his resignation letter, Edun expressed appreciation to the President, describing his time in office as both an honour and a privilege. “It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda,” he wrote, adding that “under your leadership, Nigeria has emerged stronger, more resilient and more internationally respected.” He further wished the administration success going forward.
Before his exit was formally announced, Edun paid a valedictory visit to the President at the Presidential Villa, where both men held a closed-door meeting lasting about an hour. He subsequently departed to pursue private engagements after leaving public office.
Similarly, Dangiwa also resigned his position and thanked the President for the opportunity to serve in the Federal Executive Council. His tenure followed a career that included serving as Managing Director of the Federal Mortgage Bank and Secretary to the Katsina State Government before his ministerial appointment in August 2023.
President Tinubu, in response, expressed appreciation to both former ministers for their service, acknowledging their contributions to the administration’s economic reform programme and national development efforts. He wished them success in their future endeavours.
In the wake of the resignations, the President appointed Taiwo Oyedele as the new Minister of Finance and Coordinating Minister of the Economy, urging him to consolidate ongoing reforms and advance fiscal objectives with “renewed focus, discipline, and innovation.”
The President is also expected to forward the nomination of Muttaqha Rabe Darma as the new Minister of Housing and Urban Development to the Senate for confirmation.
Edun’s exit marks the end of a long career in public and private finance, which included serving as Lagos State Commissioner for Finance during Tinubu’s tenure as governor and holding senior roles in international finance and investment banking.
