President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council, resulting in the removal of Finance and Coordinating Minister of the Economy Wale Edun and Housing and Urban Development Minister Ahmed Musa Dangiwa. The changes were detailed in a memo signed by Secretary to the Government of the Federation George Akume, directing that all handovers be completed by April 23, 2026. Wale Edun is to be replaced by Taiwo Oyedele, who has been elevated from Minister of State to substantive Minister of Finance. Similarly, Muttaqha Rabe Darma has been nominated to take over as minister designate for Housing and Urban Development, pending confirmation.
Akume stated that the reshuffle is intended to improve coordination and policy delivery within the cabinet. "These changes are aimed at strengthening cohesion and synergy in governance, as well as achieving more impactful delivery on the economy to Nigerians under the Renewed Hope Agenda," he said. The Presidency cited constitutional provisions under Sections 147 and 148 of the 1999 Constitution (as amended) as the basis for the decision. Tinubu expressed gratitude to the outgoing ministers for their service and affirmed that the cabinet reinvigoration process would continue.
The move comes as the administration intensifies efforts to stabilise the economy and accelerate implementation across key sectors.
Wale Edun is being removed as finance minister less than two years after his appointment, despite being central to the administration's economic reforms. Nigerians who have endured rising costs under the policies he oversaw will now be expected to trust a new face delivering largely the same economic direction. The timing, with a handover set for April 2026, suggests the government anticipates prolonged public resistance to its fiscal stance. This reshuffle changes personnel but not the burden on citizens.
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