Nigerian president overhauls economic team changes finance minister in minor cabinet reshuffle

Asiwaju-Bola-Ahmed-Tinubu-president-of-Nigeria.

President Bola Tinubu of Nigeria approved a minor cabinet reshuffle on Tuesday, removing Finance Minister Wale Edun and Housing Minister Ahmed Musa Dangiwa to strengthen the administration’s economic delivery. 

Taiwo Oyedele, the former Minister of State for Finance and tax reform chief, has been promoted to substantive Minister of Finance and Coordinating Minister of the Economy. 

The presidency also named Muttaqha Rabe Darma as the minister-designate for Housing and Urban Development, replacing Dangiwa as part of the reorganized Federal Executive Council. 

According to a statement from the Secretary to the Government of the Federation, the changes aim to improve governance synergy under the president’s “Renewed Hope Agenda.” 

All outgoing ministers have been directed to complete their formal handover processes to their respective successors by the close of business on Thursday, April 23, 2026. 

Wale Edun had just returned from Washington DC, after chairing the Group of Twenty-Four (G24) Ministerial Meeting on the sidelines of the World Bank Group Spring Meetings, where he demanded urgent multilateral support to shield developing nations from heightening global economic instability and geopolitical shocks

The now  promoted Finance Minister, Taiwo Oyedele is a renowned fiscal policy expert who previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms, where he spearheaded efforts to streamline Nigeria’s complex tax system.

Before joining the administration, he served as a partner at PwC, gaining a reputation for his deep technical knowledge of West African economic policy and revenue diversification.

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