President Bola Ahmed Tinubu has removed Wale Edun as Minister of Finance and Coordinating Minister for the Economy, replacing him with Taiwo Oyedele, formerly Minister of State in the finance ministry. The Secretary to the Government of the Federation, Senator George Akume, confirmed the change in a memo dated 23rd April, 2026, directing that all handover processes be completed by the close of business the same day. Edun, who has held the finance portfolio since 2023, is among two cabinet members exiting office, alongside Ahmed Musa Dangiwa, Minister of Housing and Urban Development. Dangiwa has been replaced by Muttaqha Rabe Darma (PhD), nominated as ministerial nominee and minister designate for the ministry. The memo instructs Dangiwa to hand over to the current Minister of State in the Housing and Urban Development Ministry. Akume stated the reshuffle is intended to strengthen governance cohesion and improve economic delivery under the Renewed Hope Agenda. The President, acting under Sections 147 and 148 of the 1999 Constitution, also thanked the outgoing ministers for their service and affirmed that the cabinet reinvigoration process would be ongoing.
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