Yemisi Izuora
The immediate past Finance Minister Wale Edun, has thanked Nigerians for their support to him while in office.
In a ‘Thank You’ message personally signed by him, Edun said,,
‘I wish to thank His Excellency, President Bola Ahmed Tinubu, GCFR for the opportunity to serve our country from the outset of his administration in May 2023; first as head of the Presidential Transition Committee, then in my role as Special Adviser on Monetary Policy, before my appointment as Honourable Minister of Finance and Coordinating Minister of the Economy. It has been an honour to contribute to the implementation of the administration’s economic agenda at a pivotal moment in Nigeria’s journey.
Mr President assumed office with our country facing difficult economic circumstances.
Under his leadership, we have worked collectively across government to advance critical reforms that stabilised the macroeconomic environment, strengthened fiscal
sustainability, and laid the foundation for inclusive and long-term growth. Key results of these efforts include: growth improving from a rate of 2% to over 4%, and inflation falling from 35% to 15%. These outcomes were driven by a shared commitment to restoring public trust and enabling faster and inclusive growth; through greater investor confidence and improved economic coordination.
I am proud of what we achieved alongside colleagues in the Federal Executive Council, State Governors, our partners in the public and private sectors, and the many dedicated professionals whose work continues to support the nation’s economic transformation.
While much remains to be done, the direction is clear and the foundations are firmly in place.
I thank, too, all stakeholders, both domestic and international, for their collaboration,
engagement, and support throughout this period of service.
The work of economic reform is, by its nature, a continuous process; I remain optimistic about Nigeria’s trajectory. I wish my successor and the entire government the very best as they continue the work of improving the lives of Nigerians.
I remain fully committed to the service of our country and to supporting Mr President.,
Oriental News Nigeria reports that President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council.
According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.
Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy. He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy. Oyedele was formerly a Minister of State in the ministry.
Also Mr. Muttaqha Rabe Darma (PhD .) has been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.
The memo also directed Dangiwa to hand over to the Minister of State in the ministry.
The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”
Explaining the President’s decision, Akume said: “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.”
He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).
The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.
The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”