BY Daniel Bampoe
Nigeria’s President, Bola Ahmed Tinubu, has removed the country’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in what officials describe as a minor cabinet reshuffle aimed at strengthening governance and economic delivery.
The decision, announced in a memo by the Secretary to the Government of the Federation, George Akume, also affected the Minister of Housing and Urban Development, Umar Dangiwa. Both ministers have been directed to hand over their responsibilities to newly appointed successors by April 23, 2026.
Replacing Edun is Taiwo Oyedele, who previously served as Minister of State for Finance. Oyedele, an economist and tax policy expert, is expected to take over as the new Finance Minister and Coordinating Minister of the Economy as the government seeks to reposition its fiscal strategy.
For the housing portfolio, Muttaqha Rabe Darma has been named as minister-designate, while Dangiwa is to hand over to the Minister of State pending confirmation of the new appointment.
Although no explicit reasons were provided for the mini reshuffle, the government indicated that the changes are intended to improve coordination, enhance synergy within the cabinet, and deliver more impactful economic outcomes under the administration’s “Renewed Hope Agenda.”
President Tinubu exercised his constitutional powers under Sections 147 and 148 of the 1999 Constitution (as amended) to effect the changes.
He also expressed appreciation to the outgoing ministers for their service and wished them well in their future endeavours.
Oyedele brings extensive experience to the role, having spent over two decades at PwC, where he rose to become Africa Tax Leader.
He has also served as Chairman of the Presidential Fiscal Policy and Tax Reforms Committee and holds academic and professional credentials from institutions including Oxford Brookes University, the London School of Economics, and Yale University.
The reshuffle marks another step in Tinubu’s ongoing efforts to recalibrate his administration’s economic management team amid growing expectations for improved fiscal performance and national economic stability.
