The Presidency has confirmed that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, resigned from office on health grounds and was not removed from his position.
The clarification was issued in Abuja on Wednesday by Presidential Spokesperson, Bayo Onanuga.
According to the statement, Edun submitted his resignation letter to President Bola Ahmed Tinubu, citing health-related reasons.
Presidency Confirms Voluntary Exit
The Presidency said Edun formally communicated his decision and also paid a valedictory visit to the President before his exit was made public.
It added that the former minister, who recently turned 70, expressed gratitude for the opportunity to serve under the current administration.
In his resignation letter, Edun described his tenure as a privilege, noting that the administration had made progress in strengthening Nigeria’s economy and international standing.
Tinubu Commends Service of Outgoing Ministers
The statement also confirmed the resignation of former Minister of Housing and Urban Development, Ahmed Dangiwa, who also stepped down from the Federal Executive Council.
President Tinubu reportedly thanked both ministers for their contributions to ongoing economic and governance reforms and wished them success in their future endeavours.
Transition in Economic Leadership
Following Edun’s exit, the Presidency said the new Minister of Finance, Taiwo Oyedele, has been directed to consolidate ongoing economic reforms with renewed focus and discipline.
Oyedele is expected to continue implementing fiscal policies aimed at stabilising the economy and improving government revenue performance.
The administration also confirmed that a ministerial nomination for the housing sector has been forwarded to the Senate for confirmation.
Background to Edun’s Tenure
Edun previously served as Lagos State Commissioner for Finance between 1999 and 2004 under Tinubu’s administration as governor of Lagos State.
His return to federal service in 2023 placed him at the centre of Nigeria’s economic reform agenda, particularly fiscal restructuring and macroeconomic stabilisation efforts.
