President Bola Tinubu has approved a cabinet reshuffle that saw the removal of the Minister of Finance, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, in a move described as part of efforts to strengthen economic management and governance delivery.
The changes were contained in a memo issued by the Secretary to the Government of the Federation, George Akume, which also confirmed the appointment of Taiwo Oyedele as the new Minister of Finance and Coordinating Minister of the Economy.
Oyedele, who previously served as Minister of State in the finance ministry, is now expected to take charge of fiscal policy coordination and oversee key economic reforms under the administration.
The presidency also announced the nomination of Muttaqha Rabe Darma as minister-designate for the Ministry of Housing and Urban Development, pending confirmation.
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.
According to Akume, the reshuffle is aimed at improving coordination within the Federal Executive Council and enhancing the implementation of the government’s economic agenda.
He said the changes were necessary to deepen synergy in governance and ensure more effective delivery of the Renewed Hope Agenda.
“The objective is to strengthen cohesion and improve policy coordination for more impactful economic outcomes for Nigerians,” the statement read.
The SGF added that the president acted within his constitutional powers under Sections 147 and 148 of the 1999 Constitution (as amended).
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 amid continued efforts by the administration to stabilise the economy, attract investment, and accelerate reforms across critical sectors.