The new Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has officially assumed office following the completion of the handover process by the outgoing minister, Mr. Wale Edun, OFR.
This was contained in a statement issued by the Head of Information and Public Relations Unit, Efe Ovuakporie.
The handover ceremony took place on Thursday, April 23, 2026, in line with President Bola Ahmed Tinubu’s directive and within the stipulated transition timeline.
Mr. Edun’s tenure was marked by key fiscal and economic reform initiatives aimed at stabilising the macroeconomic environment and repositioning the economy for sustainable growth. These included efforts to improve revenue generation, strengthen fiscal coordination, and support broader structural reforms under the government’s economic agenda.
Former Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun handing over the baton of Office to Mr. Taiwo Oyedele Minister of Finance and Coordinating Minister of the Economy.
In his remarks, the incoming minister, Mr. Oyedele, commended his predecessor for his contributions to ongoing reforms and expressed appreciation to President Tinubu for the confidence reposed in him.
Read also:
- Tinubu appoints Oyedele as minister of state for finance
- We’re not going to reverse economic reforms, Oyedele assures investors
- From Tax Policy to National Strategy: Taiwo Oyedele’s appointment, its potential impact on Nigeria’s economy
He also acknowledged Mr. Edun’s service to the nation and wished him success in his future endeavours.
Welcoming the new minister, the Permanent Secretary of the Ministry of Finance, Mr. Raymond Omachi, and the Permanent Secretary (Special Duties), Mohammed Sanusi Danjuma, pledged the full support and cooperation of the ministry’s management and staff in delivering on his mandate.
Mr. Oyedele reaffirmed his readiness to work closely with the leadership and personnel of the ministry to achieve concrete outcomes aligned with the government’s economic priorities.
He emphasised the need to build on existing reforms while focusing on measurable impact across key sectors of the economy.
The assumption of office marks a continuation of policy direction at the Ministry, with renewed focus on fiscal discipline, economic reform, and improved outcomes for Nigerians.
