The Presidency has clarified that former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and former Minister of Housing and Urban Development, Ahmed Musa Dangiwa, voluntarily resigned from their positions, contrary to earlier reports suggesting they were dismissed.
In a State House press release issued on April 22, 2026, the government stated that both officials tendered their resignation letters before President Bola Tinubu approved their replacements as part of ongoing adjustments within the Federal Executive Council.
According to the statement, Edun cited health concerns as the primary reason for stepping down from office. The former minister, who recently turned 70, reportedly submitted his resignation on his birthday, expressing gratitude to the President for the opportunity to serve in his administration.
“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda,” Edun wrote in his resignation letter. He further noted that under Tinubu’s leadership, Nigeria had become “stronger, more resilient and more internationally respected,” while wishing the government continued success.
Sources within the Presidency disclosed that prior to the official announcement of his departure, Edun paid a valedictory visit to the President at the Presidential Villa in Abuja. During the meeting, which reportedly lasted about an hour, both men held discussions on ongoing economic reforms and the transition process.
Following the meeting, Edun formally exited the cabinet and is expected to return to private sector engagements, where he has had an extensive career spanning banking, investment, and economic advisory roles.
Similarly, Dangiwa is said to have voluntarily stepped down from his role as Minister of Housing and Urban Development. In his resignation, he thanked the President for the opportunity to serve the country at the highest level of government.
Dangiwa, an architect by profession, previously served as Managing Director of the Federal Mortgage Bank of Nigeria between 2015 and 2022, where he oversaw several housing finance initiatives. He also held the position of Secretary to the Katsina State Government before his appointment as minister in August 2023.
The Presidency highlighted the professional backgrounds of both former ministers, noting that their contributions to governance and policy implementation were significant during their time in office.
Edun, an economist and investment banker, has had a long-standing career in both public and private sectors. He served as Commissioner for Finance in Lagos State between 1999 and 2004 during Tinubu’s tenure as governor. Prior to that, he worked at Chase Merchant Bank in Lagos and later joined the World Bank in 1986 under its Young Professionals Programme, where he contributed to economic and financial programmes in Latin America and the Caribbean.
He also co-founded Investment Banking & Trust Company Limited, now known as Stanbic IBTC, and later established Denham Management Limited, which evolved into the Chapelhill Denham Group, a major player in Nigeria’s financial services sector.
The statement further conveyed President Tinubu’s appreciation to both Edun and Dangiwa for what it described as their “dedicated service and significant contributions” to the administration, particularly in advancing economic reforms and housing development policies.
“The President thanks them for their commitment and wishes them continued success in their future endeavours,” the statement read.
As part of the transition, the President has appointed Taiwo Oyedele as the new Minister of Finance and Coordinating Minister of the Economy. Tinubu has tasked him with consolidating ongoing reforms and driving fiscal and economic policies with renewed discipline and innovation.
The President emphasised the need for continuity in economic management, urging the new finance minister to build on existing frameworks while introducing measures to strengthen revenue generation, fiscal stability, and investor confidence.
In the housing sector, Tinubu has nominated Muttaqha Rabe Darma as the new Minister of Housing and Urban Development. The nomination is expected to be forwarded to the Senate of Nigeria for screening and confirmation in line with constitutional provisions.
The clarification from the Presidency appears aimed at correcting earlier public narratives that framed the exits of Edun and Dangiwa as dismissals rather than voluntary resignations. Analysts say such distinctions are significant in shaping public perception of government stability and internal decision-making processes.
The development also comes amid broader efforts by the administration to reposition key sectors of the economy, including finance and housing, as part of its Renewed Hope Agenda.
With new leadership now in place and nominations underway, attention is expected to shift toward how the incoming officials will sustain reforms and address ongoing economic and infrastructural challenges facing the country.
The Presidency reiterated its commitment to ensuring a smooth transition and maintaining policy continuity, while also adapting to emerging realities in governance and national development.
