BREAKING: Finance Minister Removed as Tinubu Reshuffles Cabinet
In a significant development within Nigeria’s executive branch, President Bola Tinubu has approved a minor reshuffle of the Federal Executive Council, resulting in the removal of key cabinet members.
According to an official memo released on Tuesday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been relieved of his duties. Also affected by the reshuffle is the Minister of Housing and Urban Development, Ahmed Dangiwa, who has likewise been removed from his position.
The presidency has moved swiftly to fill the vacancies, announcing the appointment of Taiwo Oyedele as the new Minister of Finance and Coordinating Minister of the Economy. Oyedele, known for his expertise in fiscal policy and economic reforms, is expected to take immediate charge of the nation’s financial strategy amid ongoing economic challenges.
In a related development, Dr. Muttaqha Darma has been named Minister-designate for Housing and Urban Development. His appointment is subject to confirmation in line with constitutional provisions.
While the presidency described the changes as part of a “minor reshuffle,” political observers note that the removal of such high-profile ministers signals a strategic shift in the administration’s approach to economic management and infrastructure development.
No official reasons were provided for the dismissals, but sources suggest the move may be aimed at reinvigorating policy direction and accelerating delivery on key national priorities.
More details are expected to emerge in the coming days as the new appointees prepare to assume office.
