The outgoing Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has expressed gratitude to President Bola Ahmed Tinubu as he prepares to step down from office on Thursday.
In a statement marking the end of his tenure, Edun described his service in the administration as a privilege, noting that he played a significant role in shaping and implementing key economic reforms since May 2023.
He explained that his journey in the administration began as head of the Presidential Transition Committee, followed by his appointment as Special Adviser on Monetary Policy before becoming Finance Minister.
According to him, the administration assumed office at a time of severe economic challenges but worked collectively across government to stabilise the economy and lay the foundation for long-term growth.
“We have worked collectively across government to advance critical reforms that stabilised the macroeconomic environment, strengthened fiscal sustainability, and laid the foundation for inclusive and long-term growth,” Edun stated.
He noted that the impact of the reforms is beginning to show, with economic growth rising from about 2 per cent to over 4 per cent, while inflation has declined significantly from earlier highs.
Edun attributed the improvements to coordinated policy measures and renewed investor confidence, adding that progress was driven by collaboration among members of the Federal Executive Council, state governments, and private sector partners.
He also acknowledged the support of both local and international stakeholders, describing economic reform as a continuous process that requires sustained effort.
“I am proud of what we achieved alongside colleagues in government and our partners, whose work continues to support the nation’s economic transformation,” he said.
While expressing confidence in Nigeria’s economic direction, Edun wished his successor success in continuing efforts to improve the country’s economic outlook.
He added that he remains committed to contributing to national development beyond his time in office.
His exit follows recent changes in the Federal Executive Council, as the administration continues to reposition key economic ministries.
