Source: Semafor
“Nigerian President Bola Tinubu replaced his finance minister, the architect of a radical economic policy overhaul, less than a year before elections in a surprise reshuffle. Wale Edun, a former World Bank official and investment banker, was replaced by Taiwo Oyedele, a junior finance minister who oversaw a revamp of the country’s tax system, in Tinubu’s most high-profile cabinet reshuffle since taking office three years ago. It was not immediately clear, however, if the move marked a change of direction at the finance ministry. Edun’s tenure has been marked by an aggressive push to overhaul sub-Saharan Africa’s second-largest economy after two recessions within a decade, leading to an uptick in foreign direct investment inflows. However, Nigeria’s debt burden has shot up thanks to increased government spending.” (04/22/26)