The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is set to leave office on Thursday, marking the end of his service under President Bola Ahmed Tinubu’s administration.
In a farewell message, Edun expressed appreciation to the president for the opportunity to serve since May 2023. He recalled his earlier roles in the administration, including leading the Presidential Transition Committee and serving as Special Adviser on Monetary Policy before becoming a minister.
Reflecting on his tenure, Edun noted that the government inherited major economic challenges but introduced reforms aimed at stabilising the economy and promoting sustainable growth.
He highlighted improvements in key economic indicators, stating that economic growth increased from around two percent to over four percent, while inflation dropped from 35 percent to about 15 percent during his time in office. He attributed these changes to coordinated policy efforts and improved investor confidence.
Edun also acknowledged the collective contributions of the Federal Executive Council, state governors, and both public and private sector partners in achieving these outcomes. He described economic reform as an ongoing process and expressed confidence in the country’s future direction.
While admitting that more work remains, he wished his successor success and reaffirmed his commitment to contributing to national development beyond his time in government.
Despite these claims, many Nigerians continue to face rising living costs following the removal of fuel subsidy, which has led to increased prices of fuel and essential goods, putting pressure on household incomes.
