FEC: Oyedele becomes Minister for Finance as Tinubu names new ministerial nominee for Housing

*Senator George Akume, Secretary to the Government of the Federation, in Nigeria, states ‘all handing over and taking over processes should be completed on or before close of business’ Thursday, April 23, 2026

Gbenga Kayode | ConsumerConnect

President Bola Ahmed Tinubu, GCFR, has approved minor cabinet reshuffle in the Federal Executive Council (FEC), in Abuja, FCT.

ConsumerConnect reports Mr. Taiwo Oyedele, who until Tuesday, has been serving as the Minister of State for Finance, has been appointed as the new Honourable Minister for Finance and Coordinating Minister of the Economy, while as Mr. Wale Edun, outgoing Minister for Finance and Coordinating Minister of the Economy as well as Arc. Ahmed Musa Dangiwa, his counterpart in the Housing and Urban Development Ministry, leave the FEC, in Abuja, FCT.

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Senator George Akume, Secretary to the Government of the Federation (SGF), who disclosed this in a memo Tuesday, April 21, 2026, said two cabinet members, Mr. Wale Edun and Arc. Dangiwa, are to leave FEC while their replacements have been named.

In the memo Mr. Yomi Odunuga, Special Adviser, Media and Publicity to the SGF, signed Tuesday, Mr. Edun has been directed to hand over to Mr. Oyedele who takes over as the Minister for Finance and Coordinating Minister of the Economy in Nigeria.

The Federal Government also noted Muttaqha Rabe Darma (PhD) has been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.

Besides, the SGF memo directed Dangiwa to hand over to the Minister of State in the ministry.

The memories further stared: “All handing over and taking over processes should be completed on or before close of business on Thursday, 23rd April, 2026.”

Why Tinubu effects minor cabinet reshuffle, by Akume

As regards President Tinubu’s decision for the minor cabinet reshuffle, Akume noted: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”

The SGF affirmed the Nigerian President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the 1999 Constitution of the Federal Republic of Nigeria (as amended).

Meanwhile, Preaident Tinubu has thanked the outgoing cabinet Ministers for their services to Nigeria and Nigerians, wishing them the best in all their future endeavours.

Akume as well hinted that the President assured all cabinet members that “the process of reinvigoration shall be continuous.”

Taiwo Oyedele’s profile at a glance

Earlier March 2026, President Tinubu has nominated 50-year-old Mr. Oyedele, he hitherto Chairman of the Presidential Fiscal Policy and Tax Reforms Committee as rhe Minister of State for Finance.

Ha had succeeded Dr. Doris Uzoka-Anite in the Federal Ministry of Finance.

Before his appointment as Chairman of the Tax Reforms Committee, Tinubu, in July 2023, appointed Oyedele, a fiscal policy partner and Africa Tax Leader at PricewaterhouseCoopers (PwC), to chair the Presidential Fiscal Policy and Tax Reforms Committee.

He has been described as a public policy expert, accountant and economist.

Oyedele attended the Yaba College of Technology (YABATECH), in Lagos, where he obtained a Higher National Diploma (HND) in Accountancy and Finance.

He later earned a BSc in Applied Accounting from Oxford Brookes University, in the United Kingdom (UK).

The new Minister for Finance and Coordinating Minister of the Economy has also attended several executive education programmes at the London School of Economics (LSE), Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School, in the United States (US).

The Nigerian new Minister for Finance and Coordinating Minister of the Economy had worked for several decades with PwC, where he began his career 2001, and rose from the ranks to become a fiscal policy partner of the transnational firm.

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