Wale Edun, who used to be Nigeria’s Minister of Finance and Coordinating Minister of the Economy, is happy with his time in office. He says he is proud of the progress the Nigerian economy made while he was in charge.
The day after President Bola Tinubu fired Edun and named Taiwo Oyedele as his replacement, Edun spoke.
On Wednesday, Edun thanked the President for giving him the chance to work in many different roles since the administration began in May 2023. These roles included head of the Presidential Transition Committee, Special Adviser on Monetary Policy, and later Finance Minister.
“It has been an honor to help carry out the administration’s economic plan at such an important time in Nigeria’s history,” he said.
Edun thought about the state of the economy at the beginning and said that the government had inherited a lot of problems. However, he also said that the changes he made while in office had started to work.
He said that economic growth had gone up from about 2% to more than 4% and inflation had gone down from 35% to 15%. He said these gains were due to efforts to stabilize the macroeconomic environment and boost investor confidence.
Edun said that the progress made was the result of a group effort that included members of the Federal Executive Council, state governors, and people from both the public and private sectors.
He went on to say, “I am proud of what we accomplished with my coworkers and the many dedicated professionals whose work continues to support the country’s economic transformation.”
The former minister said he was hopeful about Nigeria’s economic future, even though he knew there were still problems to solve. He said that reform is an ongoing process. He also wished his successor well and said again that he would serve the country.
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