The Presidency has clarified that the exit of Wale Edun and Ahmed Dangiwa from the Federal Executive Council was the result of voluntary resignations, not a presidential dismissal, as had been speculated in some quarters.
This was disclosed in a statement issued on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy.
He said both ministers submitted their resignations before President Bola Tinubu, who announced their replacements on Tuesday.
Edun, who served as Minister of Finance and Coordinating Minister of the Economy, resigned on Monday, the same day he marked his 70th birthday, Onanuga added.
According to Onanuga, Edun attributed his decision to ongoing health challenges.
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He said during a valedictory meeting at the Presidential Villa on Tuesday, Edun held a private session with Tinubu lasting about an hour.
Onanuga added that in his resignation letter, the seasoned economist described his time in office as “a pleasure and privilege”, adding that Nigeria had, under Tinubu’s leadership, become “stronger, more resilient, and more internationally respected”.
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Edun, a former World Bank official and co-founder of what is now Stanbic IBTC, is expected to return to private engagements and business interests.
He said Dangiwa, Minister of Housing and Urban Development, also stepped down from his role.
An architect by training, he joined the cabinet in August 2023 after previously serving as Managing Director of the Federal Mortgage Bank and Secretary to the Katsina State Government.
Onanuga noted that in his resignation, Dangiwa thanked the President for the opportunity to serve under the administration’s “Renewed Hope Agenda”, describing his time in office as a meaningful contribution to national development efforts.
Appreciation
Onanuga further stated that Tinubu expressed appreciation for both men, commending their “dedicated service” and contributions to ongoing economic reforms.
The News Round The Clock (NRTC) reported that to fill the resulting vacancies, the President appointed Taiwo Oyedele as the new Minister of Finance.
He was tasked with strengthening fiscal reforms while bringing “renewed focus, discipline, and innovation” to the economy.
The President will forward the nomination of Muttaqha Rabe Darma to the Senate for confirmation.
Like his predecessor, Dangiwa, Darma is also from Katsina State.
