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Tag: Cabinet Reshuffle

  • Tinubu Clarifies Exit of Wale Edun, Musa Dangiwa as Resignation, Not Sack

    The Presidency has clarified that former Finance Minister Wale Edun and former Housing Minister Ahmed Musa Dangiwa voluntarily resigned from the Federal Executive Council, insisting that neither was sacked by President Bola Ahmed Tinubu.

    Presidency clears air on ministerial changes

    In a statement issued by Special Adviser to the President on Information and Strategy, Bayo Onanuga, it was confirmed that both ministers formally tendered their resignation letters before their exits were announced.

    The statement explained that Edun, who recently turned 70, stepped down due to health-related concerns, while Dangiwa also resigned, expressing appreciation to the President for the opportunity to serve in the cabinet.

    Edun’s farewell and final engagement

    According to the Presidency, Wale Edun submitted his resignation on Monday, the same day he marked his 70th birthday, while also thanking Tinubu for the privilege of serving under the Renewed Hope Agenda.

    “It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda,” Edun wrote, adding that Nigeria had become “stronger, more resilient and more internationally respected” under Tinubu’s leadership.

    He later paid a valedictory visit to the President at the Villa, where he held an hour-long private discussion before stepping away from government duties.

    Dangiwa’s background and resignation

    Ahmed Musa Dangiwa, an architect and former Managing Director of the Federal Mortgage Bank, also confirmed his resignation, thanking the President for the opportunity to serve in the Federal Executive Council since his appointment in August 2023.

    Before joining the cabinet, Dangiwa served as Secretary to the Katsina State Government and held key roles in housing administration at the federal level.

    Presidency praises outgoing ministers

    President Tinubu expressed appreciation to both men for their contributions to ongoing economic and housing reforms, describing their service as significant to the administration’s policy direction.

    He also urged new appointees to deepen reforms and maintain focus on fiscal discipline, innovation, and economic stability.

    The development continues to generate attention across latest Nigerian news platforms and remains part of ongoing breaking news Nigeria today updates.

  • Wale Edun Breaks Silence Ahead of Exit as Finance Minister

    The outgoing Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has spoken out as he prepares to step down from office on Thursday, ending his tenure under President Bola Tinubu.

    Edun, in a statement, expressed gratitude to the president for the opportunity to serve since May 2023.

    What he said

    He recalled that his involvement in the administration began as head of the Presidential Transition Committee before serving as Special Adviser on Monetary Policy and later as minister.

    According to him, the government inherited significant economic challenges but implemented reforms aimed at stabilising the economy and driving growth.

    “We have worked collectively… to stabilise the macroeconomic environment and lay the foundation for inclusive growth,” he said.

    Claims on economic progress

    Edun stated that economic growth rose from about two per cent to over four per cent during his tenure.

    He also claimed that inflation declined from 35 per cent to 15 per cent, attributing the development to coordinated policies and improved investor confidence.

    He added that the progress was driven by collaboration across the Federal Executive Council, state governments and private sector partners.

    Looking ahead

    While acknowledging that more work remains, the minister expressed confidence in the country’s economic direction and wished his successor success.

    He also reaffirmed his commitment to national development beyond his time in office.

  • Tinubu Drops Finance, Housing Ministers, Installs Oyedele, Darma in Fresh FEC Shake-Up

    President Bola Ahmed Tinubu has approved a minor cabinet reshuffle, removing two ministers and naming replacements as part of efforts to strengthen governance and economic delivery.

    What happened

    The development was confirmed in a statement issued Tuesday by the Secretary to the Government of the Federation, George Akume, through his media aide, Yomi Odunuga.

    According to the statement, Wale Edun, who served as Minister of Finance and Coordinating Minister of the Economy, has been directed to hand over to Taiwo Oyedele.

    Ahmed Musa Dangiwa, Minister of Housing and Urban Development, is also to exit the cabinet.

    New appointments

    Oyedele, who previously served as Minister of State in the finance ministry, will now take over as substantive Minister of Finance and Coordinating Minister of the Economy.

    For the Housing Ministry, Muttaqha Rabe Darma has been named as minister-designate, pending confirmation.

    In the interim, Dangiwa is to hand over to the Minister of State in the ministry until Darma’s confirmation is completed.

    Timeline for transition

    The presidency directed that all handover processes must be concluded on or before Thursday, April 23, 2026.

    Why the reshuffle

    Akume said the changes are aimed at improving coordination within the cabinet and enhancing service delivery.

    “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,” he said.

    He added that the President exercised his constitutional powers under Sections 147 and 148 of the 1999 Constitution.

    What it means

    Tinubu also thanked the outgoing ministers for their service, noting that further adjustments may follow as part of ongoing efforts to reposition the administration.

    The reshuffle signals a renewed push by the presidency to tighten control over key sectors, especially the economy, as Nigeria continues to navigate fiscal and policy challenges.