Wale Edun Reflects On Economic Recovery Achievements Following Removal As Finance Minister

Former Finance Minister Wale Edun reflects on his tenure, citing a drop in inflation and 4% GDP growth following his removal by President Tinubu.

By: AXL Media

Published: Apr 22, 2026, 5:14 AM EDT

Source: Information for this report was sourced from Legit.ng

A Tenure Defined By Macroeconomic Stabilization

Wale Edun, the former Minister of Finance and Coordinating Minister of the Economy, has officially broken his silence following his removal from President Bola Tinubu's cabinet. In a statement released on Wednesday, Edun expressed deep gratitude to the President for the opportunity to serve since the administration's inception in May 2023. Reflecting on his time in office, Edun noted that while the administration inherited a fragile economic landscape, the collective efforts of the economic team were successful in stabilizing the macroeconomic environment and strengthening Nigeria’s fiscal sustainability.

Key Economic Indicators And Growth Milestones

During his exit remarks, Edun pointed to specific data points as evidence of the administration's progress. He noted that under his leadership, Nigeria’s economic growth rate improved from approximately 2% to over 4%. Perhaps most significantly, he cited a major cooling of the inflationary environment, with headline inflation dropping from a peak of 35% to 15% during his tenure. These figures, according to Edun, underscore the effectiveness of the fiscal reforms implemented to address the "fragile economy" inherited at the start of the term.

Cabinet Reshuffle And Transition Of Power

The departure of Wale Edun comes amidst a broader cabinet reorganization by President Tinubu. While Edun thanked the President for the trust placed in him, separate reports indicate that a new Minister of Finance has already been appointed to take over the portfolio. The sack has sparked widespread speculation among political insiders regarding the underlying reasons for the change, though Edun’s public statement focused strictly on his accomplishments and his appreciation for the chance to contribute to the "Nigerian project."