President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council (FEC), removing the Minister of Finance, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, in a move aimed at reinvigorating economic governance.
The changes were announced in Abuja on Tuesday in a statement issued by the Office of the Secretary to the Government of the Federation (SGF), George Akume.
According to the statement, Edun has been directed to hand over to Taiwo Oyedele, who has been elevated from Minister of State to substantive Minister of Finance and Coordinating Minister of the Economy.
Oyedele, a tax expert and former chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, was only recently appointed into the ministry, having been sworn in as Minister of State in March 2026. His rapid elevation signals a significant shift in the administration’s economic management strategy.
In the Housing Ministry, Dangiwa is to hand over to the Minister of State pending the confirmation of Muttaqha Rabe Darma, who has been named minister-designate for the portfolio.
The Presidency directed that all handover processes be completed on or before April 23, 2026.
Officials said the reshuffle was designed to strengthen coordination within government and improve delivery on the administration’s economic agenda. The President also expressed appreciation to the outgoing ministers for their service and wished them well in future endeavours.
Political observers note that the removal of Edun – who has served as finance minister since August 2023 – comes amid growing pressure on the government to address inflation, currency instability, and cost-of-living challenges facing Nigerians.
The latest move underscores a pattern of periodic cabinet adjustments under the Tinubu administration, often framed as efforts to improve efficiency, accountability, and policy execution.
With Oyedele now at the helm of the finance ministry, attention is expected to shift to fiscal reforms, tax restructuring, and broader economic stabilization measures as the government seeks to deliver on its “Renewed Hope” agenda.
