Tinubu’s sack of Finance Minister, Edun leaves Nigeria’s economy in shock
Nigerian President Bola Tinubu has sacked Finance Minister Wale Edun, replacing him with Taiwo Oyedele, sending mixed signals across the economy. Edun's removal has raised concerns among investors amid economic reforms and a recent IMF growth forecast downgrade.
Nigeria's President Bola Tinubu has removed Wale Edun as Finance Minister, replacing him with Taiwo Oyedele. Edun was behind Tinubu's 'Renewed Hope' economic reforms, including fuel subsidy removal and exchange rate liberalization. These measures helped Nigeria's economy grow to 4.07% in Q4 2025. Despite this, many Nigerians still struggle with high living costs. The International Monetary Fund recently downgraded Nigeria's growth forecast to 4.1% from 4.3%. Edun's exit has raised concerns among investors, causing the naira to weaken against the dollar. Experts say policy clarity, not personalities, will shape investor confidence.
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