President Bola Ahmed Tinubu has approved a minor cabinet reshuffle, resulting in the exit of Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and Minister of Housing and Urban Development, Ahmed Musa Dangiwa, from the Federal Executive Council (FEC).
The announcement was contained in an official memo issued by the Office of the Secretary to the Government of the Federation and signed by George Akume.
According to the statement, Edun has been directed to hand over his responsibilities to Taiwo Oyedele, who has now been elevated to the position of Minister of Finance and Coordinating Minister of the Economy. Oyedele previously served as Minister of State in the same ministry.
In a related development, Muttaqha Rabe Darma has been named as the ministerial nominee and minister-designate for the Ministry of Housing and Urban Development, following Dangiwa’s exit. Dangiwa has been instructed to hand over to the Minister of State pending Darma’s confirmation.
The memo directed that all handover processes be completed on or before the close of business on Thursday, April 23, 2026.
Explaining the rationale behind the changes, Akume stated that the reshuffle is intended to “strengthen cohesion and synergy in governance” and to improve economic outcomes under the administration’s Renewed Hope Agenda.
He added that the President exercised his constitutional powers under Sections 147 and 148 of the 1999 Constitution (as amended) in effecting the changes.
President Tinubu expressed appreciation to the outgoing ministers for their service and wished them success in their future endeavors. He also assured that efforts to reinvigorate governance would continue.
