Taiwo Oyedele officially has assumed office as the Minister of Finance and Coordinating Minister of the Economy.He takes over from Wale Edun following a cabinet reshuffle by President Bola Ahmed Tinubu announced earlier that week.
According to a statement issued on Friday by the Head of Information and Public Relations Unit, Efe Ovuakporie, the handover took place on Thursday, April 23, 2026, in line with a directive from President Bola Ahmed Tinubu.
The ministry noted that Edun’s time in office saw the implementation of several fiscal and economic measures aimed at stabilising the economy and setting it on a path of long-term growth. These efforts included steps to improve government revenue, strengthen coordination of public finances, and advance broader structural reforms under the current administration’s economic programme.
In his remarks after taking over, Oyedele praised his predecessor for his contributions to the country’s economic reforms. He commended Edun for his service and wished him well in his future endeavours.
The new minister also expressed gratitude to President Tinubu for entrusting him with the role. He said he is prepared to work closely with the leadership and staff of the ministry to achieve the government’s economic goals and deliver results that will benefit Nigerians.
Speaking on behalf of the ministry’s leadership, the Permanent Secretary, Raymond Omachi, along with the Permanent Secretary for Special Duties, Mohammed Sanusi Danjuma, assured the minister of their full cooperation and support in carrying out his responsibilities.
Oyedele said his focus would be on building on existing reforms while ensuring that government policies produce clear and measurable results across key sectors of the economy.
The ministry added that the change in leadership is expected to ensure continuity in its work, with ongoing attention on strengthening economic reforms, maintaining fiscal discipline, and improving outcomes for citizens.
