President Bola Tinubu, on Tuesday, approved a minor reshuffle of the Federal Executive Council (FEC), removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Musa Dangiwa.
Their exit was confirmed in a memo issued by the Secretary to the Government of the Federation, SGF George Akume, who said the President had approved immediate changes in the cabinet to strengthen governance and improve service delivery.
As part of the reshuffle, Taiwo Oyedele has been elevated to Minister of Finance and Coordinating Minister of the Economy. Oyedele, who previously served as Minister of State in the ministry, is expected to take charge of the country’s economic management at a critical time.
In the Housing and Urban Development Ministry, Muttaqha Rabe Darma has been named ministerial nominee and minister designate, pending confirmation, while Dangiwa has. At the same time, direit is cted to hand over to the Minister of State in the interim.
The memo directed that all handovers must be completed on or before the close of business on Thursday, April 23, 2026.
Explaining the rationale behind the changes, Akume said the reshuffle was aimed at “strengthening cohesion and synergy in governance” and ensuring more impactful delivery of economic policies under the administration’s Renewed Hope Agenda.
He noted that the President exercised his powers under Sections 147 and 148 of the 1999 Constitution (as amended) in effecting the changes.
The development signals a recalibration of Tinubu’s economic team, with Oyedele’s elevation seen as a move to inject fresh momentum into fiscal policy coordination amid ongoing economic challenges.
While no official reasons were given for the removal of Edun and Dangiwa, the Presidency thanked both men for their service and wished them success in their future endeavours.
Akume further indicated that the reshuffle may not be the last, noting that the process of “reinvigoration” of the cabinet would be continuous.
The latest move comes as the administration faces mounting pressure to stabilise the economy, curb inflation, and address housing deficits across the country.
The changes, though described as minor, could have wider implications for policy direction and internal cabinet dynamics in the months ahead.
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