Tinubu Sacks Finance Minister Wale Edun and Housing’s Ahmed Dangiwa; Taiwo Oyedele Takes Over Economy as President Demands ‘Impactful Delivery’

In a decisive move to reinvigorate his administration’s economic machinery, President Bola Ahmed Tinubu on Tuesday approved a minor cabinet reshuffle, resulting in the removal of two high-profile ministers. The dismissals of Wale Edun, who served as the Minister of Finance and Coordinating Minister of the Economy, and Ahmed Musa Dangiwa, the Minister of Housing and Urban Development, were confirmed in a memo signed by the Secretary to the Government of the Federation, Senator George Akume.

The restructuring marks a significant pivot for the administration. Taiwo Oyedele, the high-profile public policy expert who was only recently appointed as Minister of State for Finance in March, has been swiftly promoted to lead the Ministry of Finance. Oyedele’s elevation is widely viewed as a move to bring more technical precision to the nation’s fiscal policy and tax reforms. Meanwhile, the Housing Ministry will see a fresh lead in Dr. Muttaqha Rabe Darma, who has been nominated as the minister-designate.

According to the official statement, the President exercised his constitutional powers under Sections 147 and 148 to ensure more “impactful delivery” on the economy. While the official memo emphasized the need for “cohesion and synergy,” political insiders suggest the changes reflect a drive for faster results as the regime approaches its third anniversary. Reports indicate that the handover process must be completed by the close of business this Thursday to prevent any disruption in government business.

Wale Edun, a long-time ally of the President, had overseen the administration’s early and controversial reforms, including the removal of the fuel subsidy and the floating of the Naira. However, his departure comes at a time when the administration is under pressure to improve Nigeria’s standing in continental economic rankings. By bringing Oyedele to the forefront, the President appears to be betting on a more aggressive approach to revenue generation and economic stabilization.

President Tinubu expressed his appreciation to the outgoing ministers for their contributions to the nation and wished them success in their future endeavors. However, the SGF noted that the process of “reinvigoration” is continuous, suggesting that further adjustments to the cabinet may be on the horizon as the administration sharpens its focus on the 2027 development goals.