Politics

Nigeria Names Oyedele Finance Minister as Edun Exits in Cabinet Shake-Up

By: Chioma Madonna Ndukwu Nigeria Names Oyedele Finance Minister as Edun Exits in Cabinet Shake-Up President Bola Ahmed Tinubu has approved a limited reshuffle of his cabinet, ushering in new leadership at the nation’s finance ministry and introducing changes aimed at strengthening economic coordination.

Chioma Ndukwu 1 hour ago 2 min read

By: Chioma Madonna Ndukwu

President Bola Ahmed Tinubu has approved a limited reshuffle of his cabinet, ushering in new leadership at the nation’s finance ministry and introducing changes aimed at strengthening economic coordination.

In an official statement released on Tuesday, the Secretary to the Government of the Federation, George Akume, confirmed that Wale Edun will step down as Minister of Finance and Coordinating Minister of the Economy.

He is to be succeeded by Taiwo Oyedele, who previously served as Minister of State in the same ministry and is now elevated to the top role.

The development marks a notable shift in Nigeria’s economic leadership at a time when the Tinubu administration continues to push reforms under its Renewed Hope Agenda.

Oyedele, a respected fiscal policy expert, has been closely involved in shaping tax and revenue strategies, positioning him as a familiar figure within the ministry as he assumes broader responsibilities.

The cabinet adjustment also extends to the Ministry of Housing and Urban Development. Ahmed Dangiwa is set to leave office, with Muttaqha Darma named as his replacement, pending confirmation.

In the interim, administrative duties in the ministry will be overseen by the Minister of State until the transition is completed.

According to the government, all handover processes are expected to be finalised by April 23.

The presidency explained that the changes are intended to improve coordination across key sectors and enhance the government’s ability to deliver measurable economic results.

The reshuffle, carried out in line with constitutional provisions, is part of what officials describe as an ongoing effort to recalibrate the cabinet for greater efficiency.

The President also acknowledged the contributions of the outgoing ministers, expressing appreciation for their service while wishing them well in their next endeavours.

The move comes amid continued public focus on Nigeria’s economic direction, with expectations that the new leadership will accelerate reforms, stabilise fiscal management, and address ongoing financial pressures affecting citizens and businesses alike.