President Bola Ahmed Tinubu has carried out a major cabinet reshuffle, relieving Wale Edun of his position as Minister of Finance and Coordinating Minister of the Economy, and appointing Taiwo Oyedele as his successor.
The shake-up also affected the Ministry of Housing and Urban Development, where Umar Dangiwa was removed from office.
The changes were announced in an official memo issued by the Secretary to the Government of the Federation, George Akume.
According to the directive, Edun has been instructed to hand over to Oyedele, who is to assume duties immediately as the new Minister of Finance and Coordinating Minister of the Economy. Oyedele, prior to this appointment, served as Minister of State for Finance.
In the housing ministry, Muttaqha Rabe Darma has been named as ministerial nominee and minister-designate. Pending the completion of the appointment process, Dangiwa has been directed to hand over to the Minister of State.
The memo further directed that all handing over processes be concluded on or before April 23, 2026.
Explaining the rationale behind the cabinet changes, Akume stated that the decision was aimed at strengthening cohesion in governance, improving synergy among ministries, and enhancing delivery on the administration’s economic agenda.
He noted that the President exercised his constitutional powers under Sections 147 and 148 of the 1999 Constitution, as amended, in effecting the changes.
Akume added that President Tinubu expressed appreciation to the outgoing ministers for their service and wished them success in their future endeavours, while assuring that efforts to reinvigorate the cabinet would continue as part of the administration’s broader governance strategy.
