The Presidency has clarified that former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the former Minister of Housing and Urban Development, Ahmed Musa Dangiwa, resigned from their positions and were not dismissed.
In a State House press release issued on Wednesday, it was disclosed that Edun tendered his resignation to President Bola Ahmed Tinubu on health grounds before the announcement of his replacement on Tuesday. The statement noted that Edun, who turned 70 on Monday, submitted his resignation on his birthday after battling recent ill health.
In his resignation letter, Edun expressed appreciation to the President for the opportunity to serve, describing his time in office as a privilege. He commended the administration’s progress, stating that Nigeria had become stronger, more resilient, and more respected internationally under Tinubu’s leadership. He also wished the President and his administration continued success.
Prior to the official announcement of his exit by the Office of the Secretary to the Government of the Federation, Edun paid a valedictory visit to the President at the Presidential Villa, where both men held a meeting lasting about an hour. He subsequently stepped away from government duties to focus on his private business interests.
Similarly, Dangiwa resigned his appointment and expressed gratitude to the President for the opportunity to serve in the Federal Executive Council. An architect by profession, Dangiwa previously served as Managing Director of the Federal Mortgage Bank from 2015 to 2022 and also held the position of Secretary to the Katsina State Government before his appointment as minister in August 2023.
Edun, an economist and investment banker, had an extensive career in both public and private sectors. He served as Lagos State Commissioner for Finance between 1999 and 2004 during Tinubu’s tenure as governor. Earlier in his career, he worked at Chase Merchant Bank in Lagos from 1980 to 1986 before joining the World Bank through its Young Professionals Programme, where he handled economic and financial assignments across Latin America and the Caribbean.
He later co-founded Investment Banking & Trust Company Limited, now known as Stanbic IBTC, in 1989, serving as executive director. In 1994, he established Denham Management Limited, which evolved into the Chapelhill Denham Group, where he served as chairman from 2008 to 2021.
President Tinubu expressed appreciation to both Edun and Dangiwa for their contributions to his administration, particularly in advancing economic reforms, and wished them success in their future endeavours.
The President has also charged the newly appointed Minister of Finance, Taiwo Oyedele, to build on existing reforms and drive the administration’s fiscal and economic agenda with renewed commitment.
Meanwhile, the President is expected to forward the nomination of a new Minister of Housing, Muttaqha Rabe Darma from Katsina State, to the Senate for confirmation.