Nigerian President Bola Tinubu on Tuesday approved a minor cabinet reshuffle in which Mr. Wale Edun, Minister of Finance and Coordinating Minister of the economy and the Minister of Housing and Urban Development, Umar Dangiwa were dropped from the Federal Executive Council (FEC),
The Secretary to the Government of the Federation, Sen. George Akume, who announced the reshuffle in a memo, said that Mr. Taiwo Oyedele, who was before the shakeup served as Minister of State for Finance, was directed to take over from Mr. Edun as Minister of Finance and Coordinating Minister of di Economy.
Reacting to the cabinet reshuffle, Mr. Edun said that Nigeria recorded improvements in key macroeconomic indicators, including stronger growth performance and declining inflation during his tenure.
According to the statement issued by Mr. Edun in Abuja, reflecting on his roles across different stages of the President Bola Tinubu administration’s economic management team since May 2023, he attributed the improvements in key macroeconomic indicators to reforms designed to restore investor confidence and improve policy coordination.
“I am proud of what we achieved alongside colleagues in the Federal Executive Council, state governors, partners in the public and private sectors, and the many dedicated professionals whose work continues to support the nation’s economic transformation,” he said.
Edun emphasised that while significant progress had been made, the reform process remained ongoing, adding that the foundations for long-term and inclusive growth had been strengthened under the current administration.
He also expressed appreciation to domestic and international stakeholders for their support, engagement and collaboration throughout his time in office.
According to him, economic reform is a continuous process that requires consistency and patience, stressing that Nigeria remains on a positive trajectory despite ongoing challenges.
He expressed gratitude to Tinubu for the opportunity to serve in his administration.
“I remain optimistic about Nigeria’s trajectory. I wish my successor and the entire government the very best as they continue the work of improving the lives of Nigerians,” he added.
Edun further reaffirmed his continued commitment to national service and support for the administration’s economic agenda, noting that public service remains a lifelong responsibility.
In his reaction, the outgoing Minister of Housing and Urban Development, Ahmed Dangiwa, expressed profound gratitude to President Bola Tinubu, for the opportunity given to him to serve the country.
In a statement issued on Tuesday in Abuja by his Special Assistant on Media and Strategy, Mr Mark Chieshe, Dangiwa appreciated President Tinubu for the opportunity to serve in the Federal Executive Council (FEC) and contribute to the delivery of the Renewed Hope Agenda.
Dangiwa described his time in office as a privilege and a call to national service and noted that he remained deeply honoured to have been entrusted with the responsibility of leading reforms in Nigeria’s housing and urban development sector.
“I wish to sincerely thank Mr President for the confidence he reposed in me to serve as Honourable Minister of Housing and Urban Development.
“It has been a rare privilege to contribute to the advancement of policies and programmes aimed at expanding access to affordable housing for Nigerians,” he said.
The outgoing Minister added that, under the leadership of Tinubu, the Ministry recorded significant strides in repositioning the housing sector as a key driver of economic growth, job creation, and social inclusion.
He highlighted the rollout of the Renewed Hope Housing Programme, the strengthening of public-private partnerships in housing delivery, and ongoing reforms in land administration and housing finance as key milestones achieved during his tenure.
Dangiwa also expressed appreciation to members of FEC, his colleagues in government, heads of housing institutions, development partners, and members of staff of the ministry for their support and collaboration throughout his time in office.
“I am grateful to my colleagues in the Federal Executive Council, stakeholders across the housing value chain, and the dedicated staff members of the Ministry and its agencies for their commitment and hard work.
“Together, we laid strong foundations for a more structured and sustainable housing delivery system in Nigeria,” he added.
GIK/APA