Wale Edun has resigned as Nigeria’s Finance and Coordinating Minister of the Economy, marking the end of a pivotal tenure focused on stabilizing the nation’s macroeconomic environment.
Edun announced his departure in a press statement Wednesday, thanking President Bola Ahmed Tinubu for the opportunity to serve Nigeria since the administration’s inception in May 2023.
The outgoing minister highlighted significant economic milestones achieved during his term, reporting that national GDP growth improved from 2% to over 4%.
Inflation also saw a drastic reduction under his leadership, falling from a peak of 35% to 15% as critical fiscal reforms took hold across the country.
Edun’s service began as head of the Presidential Transition Committee before he moved into roles as Special Adviser on Monetary Policy and eventually Finance Minister.
He noted that while much remains to be done, the foundations for inclusive, long-term growth and restored public trust are now firmly in place for his successor.
The minister described economic reform as a continuous process and expressed lasting optimism about Nigeria’s trajectory while wishing the incoming leadership the very best.
“I am proud of what we achieved alongside colleagues in the Federal Executive Council,State Governors, our partners in the public and private sectors, and the many dedicated professionals whose work continues to support the nation’s economic transformation. ” he noted.
On Tuesday, Nigeria President Bola Tinubu, in a minor cabinet reshuffle, changed Edun as finance minister; also removing the 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 Ministe
