Why Tinubu sacked Edun as Nigeria’s Finance Minister – Economist

A professor of accounting and finance at Lead City University, Godwin Oyedokun, has said Edun Wale’s sack as minister of finance by President Bola Tinubu is linked to inadequate policy and reforms implementation.

He disclosed this in an interview with DAILY POST on Tuesday.

DAILY POST reports that Tinubu relieved Edun of his duty on Tuesday in a memo by the Secretary to the Government of the Federation, George Akume.

Taiwo Oyedele replaced Edun as substantive minister of finance.

DAILY POST reports the Edun exit has left the country’s economy and investors in shock.

Opposition African Democratic Congress chieftain Dino Melaye alleged that Edun’s sack was linked to the N34 trillion hidden spending flagged recently by the World Bank in its Nigeria Development Update report.

Another report linked Edun’s sack to widespread complaints of inadequate capital budget releases since 2023.

Reacting, Oyedokun said, “The immediate temptation is to interpret the change as an admission that the reform agenda championed under Edun has failed or driven the economy into backwardness.

“The real critique lies in execution, sequencing and social cushioning, not necessarily the intent or logic of the reforms themselves.”