Dare Babalola
Former Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has expressed gratitude to President Bola Ahmed Tinubu for the opportunity to serve, while outlining key economic achievements recorded under the current administration.
This comes after he was sacked on Tuesday according to a statement issued by the Special Adviser on Media and Publicity to the Secretary to the Government of the Federation, Yomi Odunuga.
The announcement referenced a memo signed by the Secretary to the Government of the Federation, George Akume.
In a press statement personally signed on Tuesday in Abuja, Edun reflected on his journey since the inception of the administration in May 2023, when he first served as head of the Presidential Transition Committee before assuming roles as Special Adviser on Monetary Policy and later Minister of Finance.
“I wish to thank His Excellency, President Bola Ahmed Tinubu, GCFR for the opportunity to serve our country from the outset of his administration in May 2023.
“It has been an honour to contribute to the implementation of the administration’s economic agenda at a pivotal moment in Nigeria’s journey,” the sacked minister said.
Edun noted that the administration inherited challenging economic conditions but had since made significant progress through coordinated reforms aimed at stabilising the economy and fostering growth.
“Mr President assumed office with our country facing difficult economic circumstances. Under his leadership, we have worked collectively across government to advance critical reforms that stabilised the macroeconomic environment, strengthened fiscal sustainability, and laid the foundation for inclusive and long-term growth,” he stated.
Highlighting measurable outcomes, the former minister said economic growth improved while inflation dropped significantly during the period.
“Key results of these efforts include: growth improving from a rate of 2% to over 4%, and inflation falling from 35% to 15%. These outcomes were driven by a shared commitment to restoring public trust and enabling faster and inclusive growth,” Edun added.
He commended members of the Federal Executive Council, state governors, and stakeholders across sectors for their contributions to the reforms.
“I am proud of what we achieved alongside colleagues in the Federal Executive Council, State Governors, our partners in the public and private sectors, and the many dedicated professionals whose work continues to support the nation’s economic transformation,” he said.
While acknowledging that challenges remain, Edun expressed confidence in the country’s economic direction, describing the reforms as laying a solid foundation for future progress.
“The work of economic reform is, by its nature, a continuous process; I remain optimistic about Nigeria’s trajectory,” he noted, while wishing his successor success.
Edun reaffirmed his commitment to national service and continued support for the President.
“I remain fully committed to the service of our country and to supporting Mr President,” he said.
