Mr. Olawale Edun was appointed by President Ahmed Bola Tinubu as the chief advisor in monetary policy and economy as President Tinubu assumed office. Olawale Edun has served in a similar capacity for Tinubu in the past. In this post we’ll be examining Wale Edun, the Minister of Finance and Coordinating Minister of Economy, appointed by President Ahmed Bola Tinubu.
Bola Ahmed Tinubu and Wale Edun have had quite a good length of history. Bola Ahmed Tinubu appointed Wale Edun as Commissioner of Finance in Lagos State. Wale Edun worked for Tinubu for the 8 years Tinubu served as governor.
The appointment of Wale Edun as a minister and that of other minister is contained in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Wednesday evening.
Edun, who was a Presidential Adviser on Monetary Policies, was part of the first batch of the 28-man ministerial list that was sent to the Senate by President Bola Tinubu.
Wale Edun, the Minister of Finance and Coordinating Minister of Economy, appointed by President Ahmed Bola Tinubu
This is what Nairametrics write of Wale Edun’s background
Wale Edun’s Professional and Educational Background
Nairametrics writes that
“Wale Edun has career experience that spans merchant banking, corporate finance, economics and international finance at national and international levels. He is an economist, with both first and Master’s Degrees in Economics, from the University of London and the University of Sussex, England.
Edun worked at Chase Merchant Bank as the Head of Treasury and then as Deputy Head of Corporate Finance. These positions put him in charge of the bank’s Treasury and Money Market activities. He was responsible for the Capital Market and Financial Advisory operations and had to represent several local subsidiaries and affiliates of major multinational companies.
While still at Chase Merchant Bank, he was seconded to the Wall Street firms of Lehman Brothers and Chase Manhattan Capital Markets Corporation in New York, USA. By 1980, Edun was sent down to work at Chase Merchant Bank (later Continental) in Lagos, Nigeria and he worked there till 1986.
In September 1986, Wale Edun joined the World Bank/IFC in Washington DC, USA through the elite Young Professionals program in September 1986, allowing him to further broaden his international experience. He worked on economic and financial packages for some countries in Latin America and the Caribbean, including the Dominican Republic and Trinidad as well as Indonesia and India in the Far East.
Three years later, in 1989, he returned to Nigeria as Co-Founder and Executive Director of Investment Banking & Trust Company Limited (now Stanbic IBTC Plc).”
This is all of what we have in Wale Edun, the Minister of Finance and Coordinating Minister of Economy, appointed by President Ahmed Bola Tinubu. He has a sound profile, and President Tinubu believes that Edun delivered as Commissioner of Finance in Lagos, and so he’ll do well with Nigeria’s economy. The major concern of our platform is Tinubu’s performance in improving the economy.
The standard of living and everything in Nigeria or elsewhere is basically tied to the situation of the economy. If President Tinubu fails in developing or moving the economy forward, he has failed then. Tinubu during his campaign promised 12% GDP growth rate.
The success of Tinubu’s 12% GDP growth campaign promise lies in the success of his economic policies, economic team, and his government in general.