Former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has expressed his profound gratitude to President Bola Ahmed Tinubu and Nigerians for the opportunity to serve in the current administration.

In a statement, Edun said it was an honour to contribute to Nigeria’s economic reforms, having served as Head of the Presidential Transition Committee, Special Adviser on Monetary Policy, and later as finance minister.

‘I wish to thank His Excellency, President Bola Ahmed Tinubu, GCFR for the opportunity to serve our country from the outset of his administration in May 2023; first as head of the Presidential Transition Committee, then in my role as Special Adviser on Monetary Policy, before I was appointed Honourable Minister of Finance and Coordinating Minister of the Economy.

‘It has been an honour to contribute to the implementation of the administration’s economic agenda at a pivotal moment in Nigeria’s journey,” Edun said

He noted that the administration inherited a difficult economic situation but made significant progress through coordinated reforms.

According to him, key achievements include economic growth rising from about 2 per cent to over 4 per cent, and inflation dropping from 35 per cent to 15 per cent.

Edun credited the gains to improved fiscal coordination, increased investor confidence, and efforts to stabilise the macroeconomic environment.

‘Mr President assumed office with our country facing difficult economic circumstances. Under his leadership, we have worked collectively across government to advance critical reforms that stabilised the macroeconomic environment, strengthened fiscal sustainability, and laid the foundation for inclusive and long-term growth. Key results of these efforts include: growth improving from a rate of 2% to over 4%, and inflation falling from 35% to 15%.

‘These outcomes were driven by a shared commitment to restoring public trust and enabling faster and inclusive growth through greater investor confidence and improved economic coordination.

‘I am proud of what we achieved alongside colleagues in the Federal Executive Council, State Governors, our partners in the public and private sectors, and the many dedicated professionals whose work continues to support the nation’s economic transformation. While much remains to be done, the direction is clear, and the foundations are firmly in place ,” he said
He also commended members of the Federal Executive Council, state governors, and private sector partners for their roles in advancing reforms.

While acknowledging that challenges remain, he said the foundation for long-term growth has been established and expressed optimism about Nigeria’s economic trajectory.

Edun wished his successor well and reaffirmed his commitment to supporting the administration and national development.

‘I thank, too, all stakeholders, both domestic and international, for their collaboration, engagement, and support throughout this period of service.

‘The work of economic reform is, by its nature, a continuous process; I remain optimistic about Nigeria’s trajectory. I wish my successor and the entire government the very best as they continue the work of improving the lives of Nigerians.
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I remain fully committed to the service of our country and to supporting Mr President,” he concluded

President Bola Tinubu, on Tuesday, approved a minor cabinet reshuffle affecting the membership of the Federal Executive Council (FEC), with the exit of two ministers and the appointment of their replacements.

Wale Edun has been replaced by Mr. Taiwo Oyedele, while Mr. Muttaqha Rabe Darma (PhD) has been named ministerial nominee and Minister-designate for the Ministry of Housing and Urban Development.