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From Adanna Nnamani, Abuja
Former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has commended the economic reforms of the administration of Bola Tinubu, even as he exits the Federal Executive Council following a minor cabinet reshuffle.
Edun, who was removed on Tuesday from office alongside the Minister of Housing and Urban Development, Ahmed Dangiwa, expressed gratitude to the President for the opportunity to serve in multiple roles since May 2023, including as head of the Presidential Transition Committee and Special Adviser on Monetary Policy.
Following his removal, President Tinubu appointed Taiwo Oyedele, former Minister of State for Finance as the new Minister of Finance.
Edun, however, pledged his continued support to the Tinubu administration, expressing optimism about Nigeria’s economic trajectory and the sustainability of ongoing reforms.
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In a statement, he highlighted key achievements recorded during his tenure, noting that the administration took office amid severe economic challenges but had since implemented reforms that stabilised the macroeconomic environment and strengthened fiscal sustainability.
According to him, the country’s economic growth improved from about 2 per cent to over 4 per cent, while inflation declined significantly from 35 per cent to 15 per cent, reflecting the impact of coordinated policy measures and renewed investor confidence.
Edun attributed the progress to collective efforts across government institutions, state governments, and private sector stakeholders, adding that the reforms had laid a solid foundation for inclusive and long-term growth.
“I remain proud of what we achieved at a critical period in Nigeria’s journey. While much remains to be done, the direction is clear and the foundations are firmly in place,” he said.
He also thanked domestic and international partners for their collaboration during his time in office and wished his successor success in advancing the government’s economic
