Oyedele Named Finance Minister, Replaces Edun
By Victor Idajili
Adebayo Olawale Edun was replaced yesterday as Coordinating Minister of the Economy and Minister of Finance, exactly 32 months after he was sworn in.
Mr. Taiwo Oyedele, former Minister of State for Finance, has assumed the position.
Oyedele joined the Federal Executive Council (FEC) on March 16, when he was sworn in at the President’s office in Aso Villa.
President Bola Ahmed Tinubu appointed Wale Edun Minister of Finance and Coordinating Minister of the Economy on August 16, 2023. He took the oath of office on August 21, 2023, and left the role on April 21.
Also dropped yesterday in a minor cabinet shake-up by President Tinubu was the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, who will be replaced by Muttaqha Rabe Darma, after screening and confirmation by the Senate.
Both Edun and Dangiwa thanked the President for the opportunity to serve.
The Secretary to the Government of the Federation (SGF), Senator George Akume, announced the cabinet rejig in a statement.
According to the statement made available by the Special Adviser to the SGF on Media and Publicity, Yomi Odunuga, Edun is to hand over to Oyedele, who becomes the substantive Minister of Finance and Coordinating Minister of the Economy.
Dangiwa was directed to hand over to the Minister of State in the Ministry of Housing and Urban Development, Yusuf Abdullahi Ata.
The President also directed that the handing-over and taking-over processes be concluded on or before the close of business tomorrow.
Shedding light on the reshuffle, Akume said it was meant to “strengthen cohesion, synergy in governance as well as achieve more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”
He added that President Tinubu exercised his constitutional powers under Sections 147 and 148 of the 1999 Constitution (as amended) in effecting the changes.
The President thanked the outgoing ministers for their service to the nation and wished them success in their future endeavours.
Akume also conveyed the President’s assurance to members of the cabinet that the process of reinvigoration of government would be continuous in line with the administration’s policy objectives.
