Photo: Wale Edun, Sacked Finance Minister
By: Daniel Kanu
President Bola Ahmed Tinubu has approved a cabinet reshuffle that saw the removal of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, alongside the Minister of Housing and Urban Development, Umar Dangiwa.
The development was announced in a memo issued by the Secretary to the Government of the Federation, George Akume, who said the changes were part of efforts to reposition the administration for improved service delivery.
According to the directive, Edun is to hand over to Taiwo Oyedele, who has been appointed as the new Minister of Finance and Coordinating Minister of the Economy. Oyedele previously served as Minister of State for Finance and is widely regarded for his role in fiscal policy reforms and tax administration.
Similarly, Dangiwa has been directed to transfer responsibilities to the Minister of State in the Housing Ministry pending the confirmation of Muttaqha Rabe Darma, who has been named minister-designate for Housing and Urban Development.
The memo stipulated that all handover processes must be concluded on or before the close of business on April 23, 2026.
Explaining the rationale behind the reshuffle, Akume noted that the decision was aimed at strengthening coordination within the cabinet and enhancing policy implementation in line with the administration’s development priorities.
“These changes are aimed at strengthening cohesion and synergy in governance, as well as ensuring more impactful economic delivery to Nigerians under the Renewed Hope Agenda,” the statement read.
He added that the President exercised his constitutional powers under Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria in effecting the changes.
The President expressed appreciation to the outgoing ministers for their service to the nation and wished them success in their future endeavours.
The latest reshuffle comes amid ongoing economic reforms by the Tinubu administration, including efforts to stabilise the naira, address inflationary pressures, and improve revenue generation. Analysts say the changes signal a renewed push by the government to strengthen its economic management team and accelerate policy outcomes.
Akume further assured that the administration would continue to review its governance structure to ensure optimal performance, noting that the process of reinvigoration within the cabinet would remain continuous.
