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.