Tinubu Sacks Finance Minister Wale Edun and 1 Other, Names Their Replacements
by Bada Yusuf, https://www.facebook.com/legitngnews · Legit.ng News · Join- President Bola Tinubu removed Wale Edun as the Minister of Finance and Coordinating Minister of the Economy in a minor cabinet reshuffle
- Also affected was Arc. Ahmed Musa Dangiwa, the Minister of Housing and Urban Development, who was directed to hand over to the minister of state
- At the same time, President Tinubu announced the replacements for both officials and set a formal deadline for the handover process
President Bola Tinubu has sacked Wale Edun from his position as Minister of Finance and Coordinating Minister of the Economy and appointed Taiwo Oyedele as his successor.
The president also relieved Housing and Urban Development Minister Arc. Ahmed Musa Dangiwa of his duties and nominated Muttaqha Rabe Darma (PhD) as his replacement.
The changes, which constitute a minor reshuffle of the Federal Executive Council, were announced in a memo signed by George Akume, the Secretary to the Government of the Federation and shared on the government's official X account.
Recall that Tinubu recently appointed Oyedele as the minister of state in the ministry, following the successful implementation of the tax reform law.
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Channels TV reported that the memo stated that the handover and takeover processes should be completed on or before the close of business on Thursday, April 23.
The statement noted:
“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.”
President Tinubu expressed his gratitude to the outgoing ministers for their service and wished them well in their life endeavours.
Nigerians react as Tinubu sacks ministers
The development has sparked widespread discussion across social media. Below are some of their comments:
Donpanacio said the sacking of the finance minister was expected:
"We saw it coming! President Tinubu is just a smart and intelligent Leader who understands governance better than any President Nigeria has ever had since 1999! Congratulations to Brilliant Taiwo @taiwoyedele, who will finish up the great work of Wale Edun in growing our economy."
Ha'beeb Yoosuf projected what to expect from the new finance minister:
"Swapping Edun for Oyedele is Tinubu signalling a policy pivot, moving from a markets/banking technocrat to the architect of his tax reforms, likely to double down on revenue mobilisation and fiscal restructuring as the centrepiece of his economic agenda."
Peri_phil explained the administration of Wale Edun:
"This is a major shake-up in Nigeria’s economic leadership. Bola Tinubu replacing Wale Edun with Taiwo Oyedele signals a possible shift in economic strategy, especially around fiscal policy and tax reforms. The real question now is whether this change will translate into tangible improvements for the economy."
Kollins Batokun said Edun might have been sacked because of a health issue:
"Probably health issues. You can't lie or hide the truth for long. Well, kudos to him for being amongst those who disrupted the Nigerian economy."
Read more comments on X below:
Tinubu announces fresh appointment
Legit.ng earlier reported that President Bola Tinubu approved the appointment of the Director General and CEO of the NBMA, Fatima Suleiman Zuntu.
This was disclosed in a statement from the office of the SGF and signed by Chris Ugwuegbulam, head of information and public relations, on Monday, April 20.
According to the statement, Fatima Zuntu would serve for an initial period of four years, which became effective on Thursday, April 16.
Proofreading by Funmilayo Aremu, copy editor at Legit.ng.