President Bola Tinubu has taken a surprise and strategic move perceived to rejig his economic management and governance delivery with a minor cabinet reshuffle with the removal of two ministers.
The Minister of Finance,and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, respectively were those affected.
VDCInsights reports that the changes were contained in a memo issued by the Secretary to the Government of the Federation, Senator George Akume on Tuesday.
While the newly appointed Minister of State, Finance, Taiwo Oyedele takes over from Wale Edun, as the new Minister of Finance and Coordinating Minister of the Economy, Muttaqha Rabe Darma was nominated as minister-designate for the Ministry of Housing and Urban Development, pending confirmation.
Before his appointment as minister, Oyedele, served as the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms and will now fully drive fiscal policy coordination and oversee key economic reforms of this administration.
In line with the directive, Dangiwa has been instructed to hand over to the Minister of State in the ministry, with all transition processes expected to be completed by April 23, 2026.
President Tinubu expressed appreciation to the outgoing ministers for their service and contributions to national development, while wishing them well in their future endeavours.
He also indicated that further adjustments to the cabinet remain possible, stressing that government restructuring is an ongoing process aimed at improving performance.
The latest shake-up comes as the government continues with its efforts at stabilising the economy,woo investors, and possibly accelerate reforms across critical sectors.
In the meantime, the SGF has said “the reshuffle is aimed at improving coordination within the Federal Executive Council and enhancing the implementation of the government’s economic agenda.”
Akume said the changes were necessary to deepen synergy in governance and ensure more effective delivery of the Renewed Hope Agenda, while adding “The objective is to strengthen cohesion and improve policy coordination for more impactful economic outcomes for Nigerians.”
The SGF pointed out that the president acted within his constitutional powers under Sections 147 and 148 of the 1999 Constitution (as amended).
