Presidency Denies Rumours of Wale Edun’s Replacement, Confirms Minister Recuperating in Abuja
By Amanabo Ocholi | The Bureau News
The Presidency has dismissed reports suggesting that President Bola Tinubu is planning to replace Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, following reports of ill health.
Multiple Presidential sources confirmed to The Bureau News on Sunday that the minister is “recuperating at home in Abuja” after taking ill but is not suffering from a stroke as widely speculated.
“Yes, he’s indisposed. He’s sick, which is a bit serious, but it’s not a stroke,” a senior official clarified, insisting that Mr. Edun remains under observation and has not been flown abroad for treatment.
The source, who requested anonymity, explained that Edun might seek further medical attention abroad if necessary but remains in stable condition under the care of Nigerian doctors.
‘No Plans to Replace Edun’ — Presidency Officials
Another senior official confirmed that there are currently no plans by President Tinubu to replace Edun, describing the reports as “false and unnecessary distractions.”
“He’s being attended to by Nigerian doctors, and if there’s any need for treatment abroad, it will be considered. But as we speak, he is at home. There are no discussions or plans to replace him,” the source added.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, also confirmed Edun’s health status, assuring that he is recovering well in Nigeria.
“Yes, he’s indisposed. Wale Edun is about 69 years old. He suddenly fell ill. But as we speak, he is in Nigeria, recuperating. He’s around,” Onanuga said.
Edun Misses World Bank–IMF Meetings as CBN Governor Leads Delegation
Earlier, the Presidency announced that the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, would lead Nigeria’s delegation to the World Bank and International Monetary Fund (IMF) Annual Meetings in Washington, D.C., beginning on Monday, October 14, in place of Mr. Edun.
The meetings bring together finance ministers, central bankers, and global economic experts to deliberate on global monetary policy, debt management, and development financing.
Appointed on August 28, 2023, Mr. Edun has played a pivotal role in President Tinubu’s economic reform agenda — driving policies aimed at stabilising the naira, curbing inflation, and attracting foreign investment. He previously served as Commissioner for Finance in Lagos State during Tinubu’s governorship between 1999 and 2004.
At press time, the Ministry of Finance has yet to issue an official statement regarding his health status.
Mini Foodstuff Price List for Nigeria News Today
| Item | Price (₦) | Market |
|---|---|---|
| Rice (50kg Bag) | ₦64,500 | Mile 12, Lagos |
| Garri (1 paint) | ₦1,900 | Wuse Market, Abuja |
| Beans (1 paint) | ₦3,600 | Mile 12, Lagos |
| Yam (1 tuber) | ₦1,200 | Wuse Market, Abuja |
| Tomatoes (basket) | ₦18,000 | Mile 12, Lagos |
| Palm Oil (1 bottle) | ₦1,700 | Wuse Market, Abuja |
Compiled by The Bureau News Business Desk for “foodstuff price list Mile 12 Lagos today” and “foodstuff price list Wuse Market Abuja today.”
