Wale Edun, Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has returned to Abuja after receiving medical treatment in the United Kingdom for an undisclosed illness.
A 10-second video shared on Sunday by the Nigeria Television Authority on X showed Edun arriving at Fraser Suites in Abuja, accompanied by the caption: “The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, sighted on Sunday looking hale and hearty.”
Reports indicate that the minister, alongside the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, held a closed-door meeting with a Qatari delegation at the hotel on Sunday.
Edun had travelled to the United Kingdom on Monday, October 13, for medical care and was later spotted in London at an art exhibition.
Prior to his trip, he was said to have been recuperating at his Abuja residence under the supervision of Nigerian doctors after falling ill. Sources dismissed claims that he suffered a stroke or had been incapacitated.
According to officials familiar with the situation, the minister’s health was being closely monitored, and his doctors later recommended treatment abroad.
Another aide confirmed that his condition drew the attention of the President but clarified that “there are no plans to replace him.”
Special Adviser to the President on Information and Strategy, Bayo Onanuga, earlier confirmed that Edun had been unwell but was initially receiving medical care in Nigeria, stating, “Yes, he’s indisposed. Wale Edun is about 69 years old. He suddenly fell ill. As we are talking, he is in Nigeria. He is recuperating. He’s around.”
The Presidency also refuted rumours that the President was considering replacing him, clarifying that Edun would not attend the 2025 World Bank and International Monetary Fund Annual Meetings in Washington, D.C., where the Central Bank Governor, Olayemi Cardoso, led Nigeria’s delegation instead.
Appointed on August 28, 2023, Edun has been a central figure in the administration’s economic reform agenda, leading key policies such as the removal of fuel subsidies, the unification of foreign exchange rates, and fiscal measures to stabilise the naira and curb inflation.
Before his federal appointment, he served as Lagos State Commissioner for Finance under President Bola Tinubu’s administration between 1999 and 2004 and later co-founded the investment banking firm Denham Management Limited.
As of the time of this report, the Ministry of Finance had not yet issued an official statement confirming the minister’s return.
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