Tinubu Set To Replace Wale Edun As Finance Minister Over Health Concerns

President Bola Tinubu is considering appointing a new Minister of Finance and Coordinating Minister for the Economy, following the deteriorating health condition of Mr Wale Edun, who has been a key figure in the administration’s economic management team since August 2023, THE WHISTLER can authoritatively report.

It was  gathered from reliable sources in the presidency that Edun, who has been battling undisclosed health challenges for several weeks, is expected to be flown abroad for advanced medical treatment.

His temporary exit, according to government insiders, has prompted consultations on a possible replacement to ensure continuity in economic policy implementation.

Edun, a seasoned economist, banker, and former Lagos State Commissioner for Finance, has been widely credited with steering Nigeria’s fragile economy through some of its most challenging moments since Tinubu assumed office.

Edun’s appointment as Finance Minister and Coordinating Minister for the Economy on August 21, 2023, was one of the earliest signals of President Tinubu’s intent to assemble a reform-driven cabinet.

A long-time ally and financial adviser to the president, Edun was tasked with restoring fiscal discipline, stabilising the exchange rate, and attracting investment into critical sectors of the economy.

Under his stewardship, the Ministry of Finance initiated several bold reforms aimed at repositioning the economy for sustainable growth.

Chief among these was the coordination of the federal government’s fiscal and monetary policy alignment with the Central Bank of Nigeria (CBN), which helped stabilise the naira after months of volatility.

Edun also oversaw the introduction of new fiscal transparency measures, including the automation of public revenue collection systems and the expansion of the Treasury Single Account (TSA) framework to block leakages.