President Bola Ahmed Tinubu has approved the removal of Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Dangiwa, from office.
The development was disclosed in a statement issued on Tuesday by the Special Adviser on Media and Publicity to the Secretary to the Government of the Federation, Yomi Odunuga.
The statement indicated that the decision was contained in a memo signed by the Secretary to the Government of the Federation, George Akume.
According to the memo, Taiwo Oyedele has been appointed as the new Minister of Finance and Coordinating Minister of the Economy, while Dr. Muttaqha Darma has been named Minister-designate for Housing and Urban Development.
The directive also instructed the outgoing ministers to commence the handover process to their successors or supervising officials immediately. It added that all handing over and taking over procedures must be concluded on or before the close of
Explaining the reason for the cabinet changes, Akume said the reshuffle was designed to improve coordination and enhance performance in key sectors of the economy in line with the administration’s Renewed Hope Agenda.
“These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda,” Akume stated.
He further noted that President Tinubu exercised his constitutional authority in making the changes, referencing Sections 147 and 148 of the 1999 Constitution (as amended).
The SGF also conveyed the President’s appreciation to the outgoing ministers for their service to the country and wished them success in their future endeavours, adding that efforts to reinvigorate the cabinet would continue as necessary.
The statement also recalled that Taiwo Oyedele was appointed Minister of State for Finance in March 2026, while Wale Edun was among the ministers inaugurated on August 16, 2023.
