President Tinubu expressed appreciation to the outgoing ministers for their service to the nation and wished them well in their future endeavours.
By Deborah Hassan
365Daily – President Bola Ahmed Tinubu has sacked Wale Edun as minister of Finance and Coordinating Minister of the Economy, in a minor reshuffle of the Federal Executive Council.
His housing counterpart, Ahmed Musa Dangiwa, was also relieved of his portfolio.
The development was disclosed in a memo issued on April 20, 2026, and signed by the Secretary to the Government of the Federation, George Akume.
According to the directive, Edun is to step down from his position and hand over to Oyedele who previously served as Minister of State in the ministry, positioning him as an insider now elevated to steer the country’s economic engine at a time of persistent fiscal pressure.
In a parallel move, Dangiwa has been directed to hand over to the Minister of State in the ministry, pending the confirmation and assumption of office by Muttaqha Rabe Darmaha, who has been named as minister-designate for the portfolio.
The memo mandates that all handover processes be concluded on or before the close of business on Thursday, April 23, 2026, setting a tight administrative window for the transition.
Explaining the rationale behind the reshuffle, Akume stated that the changes were designed to “strengthen cohesion and synergy in governance” while enhancing the delivery of economic outcomes under the administration’s policy framework.
“These changes are aimed at achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda,” he said.
The SGF further noted that the President acted within the powers conferred on him by Sections 147 and 148 of the 1999 Constitution (as amended), which grant the executive authority to appoint and reassign members of the cabinet.
While the reshuffle is described as minor, its implications ripple most strongly through the economic management team, where the transition from Edun to Oyedele signals a recalibration rather than a wholesale overhaul.
President Tinubu, in the memo, expressed appreciation to the outgoing ministers for their service to the nation and wished them well in their future endeavours.
Akume also assured that the process of cabinet reinvigoration would remain ongoing, suggesting that further adjustments could follow as the administration continues to fine-tune its governance machinery.