Nigeria’s President, Bola Ahmed Tinubu, has removed the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in a significant cabinet reshuffle aimed at repositioning the country’s economic leadership.
The decision, announced in an official statement from the Presidency, also affected the Ministry of Housing, with another cabinet member relieved of duties as part of what authorities described as a “strategic adjustment” to improve governance and policy delivery.
In a swift replacement, Taiwo Oyedele—who previously served as Minister of State for Finance—has been elevated to take over as the new Minister of Finance and Coordinating Minister of the Economy.
According to government sources, the outgoing ministers have been directed to complete all handover processes within days, signaling an immediate transition in the country’s economic management structure.
Officials say the reshuffle is designed to “strengthen cohesion and improve economic delivery” under the administration’s reform agenda, particularly at a time when Nigeria faces persistent inflation, fiscal pressure, and public scrutiny over economic policies.
The removal of Edun comes amid heightened political and economic tensions, including earlier criticisms from lawmakers over budget implementation challenges and concerns about fiscal transparency.
Analysts say the appointment of Oyedele signals a possible shift toward more aggressive fiscal reforms and tax restructuring, given his background in economic policy and revenue strategy.
While the Presidency has commended the outgoing minister for his service, the development marks a major turning point in Nigeria’s economic governance, with expectations now high for immediate policy impact under the new leadership.
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