President Bola Ahmed Tinubu has removed Wale Edun from his position as Minister of Finance and Coordinating Minister of the Economy in a fresh cabinet reshuffle aimed at repositioning the administration’s economic team.
The decision, announced in a memo issued by the Secretary to the Government of the Federation, George Akume, confirms that Edun has been directed to hand over immediately as part of changes within the Federal Executive Council. He is to be replaced by Taiwo Oyedele, who has now been elevated to take charge of the finance ministry after previously serving as Minister of State.
The shake-up also affected the housing sector, with Ahmed Musa Dangiwa exiting his role as Minister of Housing and Urban Development. In his place, Muttaqha Rabe Darma has been named as ministerial nominee, pending completion of formal processes.
According to the directive, all handing-over procedures must be concluded on or before April 23, 2026, signaling an expedited transition in the affected ministries.
Providing insight into the president’s decision, Akume stated, “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”
While no specific reasons were given for Edun’s removal, the development comes at a time of heightened expectations on the government’s economic management, with the finance ministry playing a central role in fiscal coordination and reform implementation.
Akume noted that the president exercised his constitutional powers under Sections 147 and 148 of the 1999 Constitution (as amended) in effecting the changes. He added that President Tinubu “thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.”
The presidency also signaled that further adjustments could follow, with Akume stating that “the process of reinvigoration shall be continuous,” suggesting an ongoing review of cabinet performance as the administration seeks to deliver on its economic agenda.
