President Bola Ahmed Tinubu has approved a minor cabinet reshuffle, leading to the removal of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Musa Dangiwa.

The development was contained in a memo issued by the Secretary to the Government of the Federation, George Akume, who said the changes take immediate effect.

According to the memo, Edun is to hand over to Taiwo Oyedele, who has been elevated to Minister of Finance and Coordinating Minister of the Economy. Oyedele previously served as Minister of State in the ministry.

In the same vein, Muttaqha Rabe Darma has been named ministerial nominee and minister designate for the Ministry of Housing and Urban Development, replacing Dangiwa, who is to hand over to the Minister of State in the ministry.

The memo directed that all handing over processes be completed on or before April 23, 2026.

Explaining the decision, Akume said the reshuffle is aimed at strengthening cohesion and synergy in governance, as well as improving service delivery, particularly in the economy.

“These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda,” he said.

He added that the President exercised his powers under Sections 147 and 148 of the 1999 Constitution, as amended.

The President thanked the outgoing ministers for their service and wished them well in their future endeavours, while assuring cabinet members that efforts to strengthen governance would continue.