NEWS UPDATE: WALE EDUN RESIGNS AS FINANCE MINISTER OVER HEALTH CONCERNS, DANGIWA ALSO STEPS DOWN

WALE EDUN RESIGNS AS FINANCE MINISTER OVER HEALTH CONCERNS, DANGIWA ALSO STEPS DOWN


Former Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has resigned from his position, citing health concerns, according to an official State House statement released on Tuesday.

The statement clarified that Edun was not removed from office but voluntarily stepped down after formally submitting his resignation letter to President Bola Ahmed Tinubu.

Edun, who recently turned 70, reportedly tendered his resignation on his birthday, referencing health challenges and expressing gratitude for the opportunity to serve in the administration.

“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda,” Edun stated in his letter.

“Under your leadership, Nigeria has emerged stronger, more resilient and more internationally respected. I wish you and the administration every success in the future,” he added.

Prior to the official announcement of his exit by the Office of the Secretary to the Government of the Federation, Edun paid a valedictory visit to the President at the Presidential Villa, where both men held a private meeting. He is expected to focus on his private business interests following his departure.

In a similar development, the former Minister of Housing and Urban Development, Ahmed Musa Dangiwa, also resigned from his position. He thanked President Tinubu for the opportunity to serve in the Federal Executive Council.

Dangiwa, an architect, previously served as Managing Director of the Federal Mortgage Bank of Nigeria from 2015 to 2022 and held the position of Secretary to the Katsina State Government before his ministerial appointment in August 2023.

Edun, an economist and investment banker, has had a long-standing career in both public service and the private sector. He served as Lagos State Commissioner for Finance between 1999 and 2004 during President Tinubu’s tenure as governor.

His professional background also includes roles at Chase Merchant Bank in Lagos, the World Bank—where he worked on economic programmes across Latin America and the Caribbean—and co-founding Investment Banking & Trust Company Limited (now Stanbic IBTC). He later established Denham Management Limited, now part of the Chapelhill Denham Group, where he served as chairman for over a decade.

President Tinubu expressed appreciation to both Edun and Dangiwa for their contributions to the administration, particularly in advancing economic reforms and housing development initiatives.

The President has since tasked the newly appointed Minister of Finance, Taiwo Oyedele, with consolidating ongoing reforms and driving fiscal and economic policies with renewed focus and innovation.

Meanwhile, a new ministerial nominee for the Housing Ministry, Mr. Muttaqha Rabe Darma, is expected to be forwarded to the Senate for confirmation.

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