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Nigeria's President Names Taiwo Oyedele as New Finance Minister

Taiwo Oyedele moves up to finance minister as the government says the reshuffle will improve cohesion and economic delivery.

  • On Tuesday, President Bola Tinubu announced a cabinet reshuffle, removing Minister of Finance and Coordinating Minister of the Economy Wale Edun and Minister of Housing and Urban Development Ahmed Dangiwa from their posts.
  • Secretary to the Government of the Federation Senator George Akume stated the changes aim to "strengthen cohesion and synergy in governance" while improving economic delivery for Nigerians under the Renewed Hope Agenda.
  • Tinubu exercised powers under Sections 147 and 148 of the Constitution to approve the reshuffle, elevating Taiwo Oyedele to Minister of Finance and naming Muttaqha Rabe Darma as Housing Minister designate.
  • All ministerial transitions must conclude by the close of business on Thursday, April 23, 2026, with Dangiwa directed to transfer responsibilities to the Minister of State in the interim.
  • The administration emphasized that cabinet reinvigoration remains an ongoing process, as the President commended the outgoing ministers for their service and wished them success in future endeavors.
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SocietyNow broke the news on Tuesday, April 21, 2026.
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