BREAKING: Tinubu relieves Wale Edun of his appointment, elevates Taiwo Oyedele to finance minister

President Bola Tinubu has relieved Wale Edun from his position as the minister of finance and coordinating minister of the economy, replacing him with Taiwo Oyedele, the minister of state for finance.

In a statement on Tuesday by Yomi Odunuga, special adviser, media and publicity to the secretary to the government of the federation, the handover is expected to be concluded by Thursday.

Tinubu also relieved Ahmed Musa Dangiwa from his position as minister of housing and urban development.

The president approved Muttaqha Rabe Darma as the minister designate for housing and urban development.

“President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council,” the statement reads.

“According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.”

The government said all “handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026”.

Speaking on the cabinet reshuffle, Akume said the changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.

He said Tinubu exercised his powers as conferred on him by sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended) for the cabinet reshuffle.

“The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours,” the statement reads.

Akume assured all cabinet members that the process of reinvigoration will be continuous.