Former Minister of Finance and Coordinating Minister of the Economy, Wale Edun has expressed satisfaction with his tenure, stating that he is proud of the progress recorded by the Nigerian economy while in office.
Edun spoke a day after President Bola Tinubu announced his removal and appointed Taiwo Oyedele as his successor.
In a statement he thanked the President for the opportunity to serve in multiple roles since the administration began in May 2023, including as head of the Presidential Transition Committee, Special Adviser on Monetary Policy, and later Finance Minister.
A Bachelor’s in Economics from the University of London and a Master’s in Development Economics from the University of Sussex were the foundation of a meritorious and accomplished career in investment banking, treasury, financial markets, stockbroking and commercial banking, Edun says “It has been an honor to contribute to the implementation of the administration’s economic agenda at a pivotal moment in Nigeria’s journey.
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Reflecting on the state of the economy at the outset, Edun acknowledged that the government inherited significant challenges but noted that reforms undertaken during his tenure had begun to deliver results.
He cited improvements in economic growth from about 2 percent to over 4 percent and a decline in inflation from 35 percent to 15 percent, attributing the gains to efforts aimed at stabilizing the macroeconomic environment and boosting investor confidence.
Edun said the progress recorded was a collective effort involving members of the Federal Executive Council, state governors, and stakeholders across the public and private sectors.
“I am proud of what we achieved alongside colleagues and the many dedicated professionals whose work continues to support the nation’s economic transformation,” he added.
While acknowledging that challenges remain, the former minister expressed optimism about Nigeria’s economic trajectory, describing reform as a continuous process. He also extended goodwill to his successor and reaffirmed his commitment to national service.
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