President Bola Ahmed Tinubu has approved a minor cabinet reshuffle that will see the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, step down from office as part of a broader effort to strengthen economic coordination within the Federal Executive Council.
According to a memo signed by the Secretary to the Government of the Federation, George Akume, Edun has been directed to hand over to Taiwo Oyedele, who previously served as Minister of State for Finance and Chairman of the Presidential Fiscal Policy and Tax Reforms Committee.
The directive also affects the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, who is expected to hand over to Muttaqha Rabe Darma, named as ministerial nominee pending confirmation.
The memo instructed that all handover processes be completed on or before Thursday, April 23, 2026.
Explaining the decision, Akume said the changes were aimed at improving coordination within government and strengthening the delivery of economic reforms under the Renewed Hope Agenda.
“These changes are designed to enhance synergy in governance and improve the administration’s capacity to deliver more impactful economic outcomes for Nigerians,” he said.
President Tinubu, according to the statement, thanked the outgoing ministers for their service and contributions to the administration, while assuring that governance reforms would remain ongoing.
Wale Edun, who was appointed Minister of Finance in 2023, is a seasoned economist and investment banker with prior experience as Lagos State Commissioner for Finance. He has worked extensively in both public and private financial sectors, including as Chairman of Chapel Hill Denham Group.
His successor, Taiwo Oyedele, is a tax and fiscal policy expert with decades of experience in economic reform. He previously worked with PricewaterhouseCoopers (PwC) and led the Presidential Fiscal Policy and Tax Reforms Committee, where he played a key role in shaping the government’s tax reform agenda.
Oyedele holds academic qualifications in accounting and applied finance and has participated in executive programmes at institutions including Harvard Kennedy School and Yale University.
The latest changes mark another step in the administration’s ongoing efforts to reposition its economic management team amid inflationary pressures, currency adjustments, and broader fiscal reforms.
