Wale Edun, the former Minister of Finance and Coordinating Minister of the Economy, has conveyed his pleasure with his leadership, expressing pride in the advancements made while in office and wishing his successor well.
Edun was fired by President Bola Ahmed Tinubu on Tuesday, and Taiwo Oyedele, a former Minister of State for Finance, took over
Edun praised Tinubu in a statement released after his departure for giving him the chance to serve in a variety of roles since the administration’s start in May 2023.
He mentioned that he started off as the head of the Presidential Transition Committee, then moved on to become the Special Advisor on Monetary Policy, and then became the Minister of Finance.
At a critical juncture in Nigeria’s history, it has been an honor to help carry out the administration’s economic program,” he remarked.
When considering the state of the economy at the beginning of the administration, Edun emphasized that coordinated changes had started to have quantifiable effects while acknowledging the challenging circumstances the government had inherited.
He claimed that intentional efforts to stabilize the macroeconomic environment, strengthen fiscal sustainability, and increase investor confidence were responsible for the improvement in economic growth from roughly 2% to over 4% and the notable decrease in inflation from 35% to 15%.
State governors, members of the Federal Executive Council, and stakeholders in the public and commercial sectors all contributed to the accomplishments, he claimed.
Even if there are still obstacles to overcome, Edun said, “I am proud of what we achieved alongside colleagues… and the many dedicated professionals whose work continues to support the nation’s economic transformation.” The nation is now on a clearer road toward sustainable and equitable growth.
Additionally, the outgoing minister thanked foreign and local partners for their cooperation and support during his time.
Edun declared his sustained dedication to national service and expressed optimism about Nigeria’s future, characterizing economic transformation as an ongoing process.
He continued, “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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