By Jemimah Wellington, JKNewsMedia Correspondent
TWO CABINET ministers formally submitted their resignations on Tuesday prior to President Bola Tinubu announcing their replacements.
Former Finance Minister and Coordinating Minister of the Economy, Mr Wale Edun, said he resigned citing health reasons, while former Minister of Housing and Urban Development, Ahmed Musa Dangiwa, also stepped down and expressed appreciation for the opportunity to serve.
Edun, who turned 70 on Monday, April 20, and has battled recent ill health, submitted his resignation letter on his birthday, thanking the President for the opportunity to serve Nigeria.
“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda,” he wrote.
“Under your leadership, Nigeria has emerged stronger, more resilient and more internationally respected. I wish you and the administration every success in the future.”
Before the Office of the Secretary to the Government of the Federation announced his departure from the Cabinet, Edun, paid a valedictory visit to the President at the Villa on Tuesday where he held an hour-long discussion with the President and then left to focus on his private businesses.
Dangiwa similarly resigned and thanked the President for the opportunity given him to serve in the Federal Executive Council.
An architect, he previously served as managing director of the Federal Mortgage Bank between 2015 and 2022 and as Secretary to the Katsina State Government before his appointment as housing minister in August 2023.
Edun, an economist and investment banker, served as Lagos State commissioner for finance between 1999 and 2004 during the tenure of then Governor Bola Tinubu.
He also worked at Chase Merchant Bank in Lagos from 1980 to 1986 before joining the World Bank in September 1986 through the Young Professionals programme, where he worked on economic and financial packages for several countries in Latin America and the Caribbean.
In 1989, he co-founded Investment Banking and Trust Company Limited, now Stanbic IBTC, and served as executive director.
In 1994, he founded Denham Management Limited, which has since become the Chapelhill Denham Group, and served as chairman from 2008 to 2021.
In his reaction, President Bola Tinubu expressed deep appreciation to Edun and Dangiwa for their dedicated service and significant contributions to the administration’s economic reform programme and wished them continued success in their future endeavours.
The President also urged the new Minister of Finance, Taiwo Oyedele, to consolidate ongoing reforms and advance the administration’s fiscal and economic objectives with renewed focus, discipline and innovation.
He announced that he will shortly send the ministerial nominee for housing, Muttaqha Rabe Darma, to the Senate for confirmation.
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