President Bola Tinubu has approved a minor reshuffle of the Federal Executive Council, removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Dangiwa, from their positions.
The decision was disclosed in a statement issued on Tuesday by the Special Adviser on Media and Publicity to the Secretary to the Government of the Federation, Yomi Odunuga.
According to the statement, the directive was contained in an official memo signed by the Secretary to the Government of the Federation, George Akume.
As part of the changes, Taiwo Oyedele has been appointed as the new Minister of Finance and Coordinating Minister of the Economy.
In the housing sector, Dr. Muttaqha Darma has been named Minister-designate for Housing and Urban Development.
The memo directed the outgoing ministers to commence immediate handover to their successors or designated supervising officials.
It added that all transition processes must be concluded on or before Thursday, April 23, 2026.
Explaining the rationale behind the reshuffle, Akume said the move was aimed at enhancing coordination and strengthening service delivery across critical sectors of the economy in line with the administration’s Renewed Hope Agenda.
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“These changes are intended to improve synergy in governance and ensure more impactful economic outcomes for Nigerians,” he stated.
He further noted that the President exercised his constitutional authority under Sections 147 and 148 of the 1999 Constitution (as amended) in effecting the changes.
The SGF also conveyed the President’s appreciation to the outgoing ministers for their contributions, wishing them success in their future endeavours.
He added that efforts to revitalise the cabinet would remain an ongoing process.
The statement highlighted that Oyedele was previously appointed Minister of State for Finance in March 2026, while Edun had been part of the cabinet since August 2023.