Tinubu Told to Immediately Sack Minister of Finance Wale Edun, "Terrible"
- President Bola Ahmed Tinubu has been urged to sack the minister of finance and coordinating minister of the economy, Wale Edun
- Activist Theophilus Abu Agada called for Edun’s removal in a social media post, accusing him of mismanaging Nigeria’s economy
- Agada claimed that Yemi Cardoso has been 'covering' for Edun, whose knowledge of the economy he described as "stale"
Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering elections, politics, and governance in Nigeria and Africa.
FCT, Abuja - Theo Agada, a political activist, has urged President Bola Tinubu to sack Wale Edun, minister of finance and coordinating minister of the economy.
According to Agada, Edun has been "a terrible manager of the economy."
Source: Twitter
Activist demands minister Edun’s ouster
Legit.ng reports that Abu, the spokesperson for the Northern Renaissance Network (NRN), posited that Edun has been underwhelming since assuming office in 2023.
He wrote on his verified X page recently:
"Wale Edun has been a terrible manager of the economy. It is Yemi Cardoso who has been covering for him with his brilliant performance. PBAT (referring to President Tinubu) erred by handing over the country’s economy to a man whose knowledge of the economy is stale and outdated. He needs to be fired."
Legit.ng reports that there are media reports that President Tinubu overhauled the finance ministry.
The reports said President Tinubu embarked on a strategic and discreet initiative that will drastically diminish Edun's influence.
According to a memo, the president reportedly sanctioned the reassignment of several key responsibilities previously managed by the finance minister to the minister of state for finance, Doris Uzoka-Anite.
This development, described by insider sources as unprecedented, is expected to limit Edun's extensive powers and may potentially lead to his eventual exit from the Tinubu cabinet after approximately 28 months in office.
The memo reportedly issued by the presidency allegedly outlines the responsibilities being transferred to the junior minister’s office, including the Internal Revenue Generation, Distribution, and Sharing among the states of the federation, the Nigeria Customs Service, Development Finance, Domestic Finance, Debt Management, and Revenue Sharing, among others.
Source: Twitter
Wale Edun's profile
Edun is a Nigerian economist, investment banker and politician who has been the minister of finance and coordinating minister of the economy since August 2023.
He was appointed the Chairman of the African Governors’ Forum of the World Bank in 2023. He is the first Nigerian to occupy this position in 60 years.
In 1999, he was appointed Lagos State commissioner of finance by then-governor, Tinubu, a position he held until 2004.
Read more on the Bola Tinubu presidency:
- Alleged Christian genocide: Tinubu makes fresh vow in Christmas message
- “Why I regretted supporting Tinubu in 2023 election”: Governor Makinde explains
- Tinubu approves 4 new appointments, details emerge
Group tells Tinubu to sack Wike
Legit.ng earlier reported that the Atiku Movement (TAM) vehemently condemned what it called the outrageous and delusional statements of Nyesom Wike, minister of the federal capital territory (FCT).
TAM tackled Wike, saying the minister claimed credit for roads and water projects "as if they were funded by his personal piggy bank."
The group, therefore, called for Wike's sack.
Source: Legit.ng
