Finance Minister Wale Edun Recuperating in Abuja, No Plans for Replacement — Presidency

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is recovering at his Abuja residence after falling ill, senior Presidency sources confirmed on Sunday. 

Contrary to reports, officials insist his condition is not stroke-related and that President Bola Tinubu has no plans to replace him.

A senior government official told The PUNCH that while Edun’s illness is “a bit serious,” he remains in Nigeria under the care of local doctors. “He’s indisposed but not suffering from a stroke,” the source said, adding that Edun might seek treatment abroad only if necessary.

Earlier reports had claimed that Edun’s condition was “very serious” and that the President had begun discreet consultations to find a replacement. However, multiple Presidency insiders dismissed those claims, emphasizing that the minister is still in his home and being monitored closely.

Presidential aide Bayo Onanuga also confirmed Edun’s situation, stating: “Yes, he’s indisposed. Wale Edun is about 69 years old. He suddenly fell ill, but he’s in Nigeria and recuperating.”

In Edun’s absence, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meetings in Washington, DC, beginning Monday, October 13. The delegation will also include Minister of State for Finance Doris Uzoka-Anite.

Meanwhile, President Tinubu departed Abuja for Rome, Italy, to attend the Aqaba Process Heads of State and Government Meeting, which focuses on security issues in West Africa.

Edun, a seasoned economist and banker, was appointed Minister of Finance and Coordinating Minister of the Economy on August 21, 2023.