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Tag: Wale Edun

Wale Edun Elected Unopposed As Nigerian Boxing Federation President

Wale Edun Elected As New Nigerian Boxing Federation President

Wale busari02 mins

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been elected unopposed as the new President of the Nigerian Boxing Federation (NBF). The election, which took place on Saturday at the Package B Indoor Sports Hall of the MKO Abiola National Stadium in Abuja, saw Edun receive all twelve (12) votes cast by delegates. A respected economist and ardent supporter of sports development, Edun expressed his commitment to implementing reforms that would reposition boxing and restore its lost glory in Nigeria. “The focus will be on building structures that nurture talent, strengthen institutions, and ensure that Nigerian boxing regains its rightful place both nationally and internationally,” he said. The contest for the Vice Presidency was more competitive, with Hon. Omonlei Imadu, representing the South-West zone, defeating his North-Central rival, Mighty Mike, by eight votes to four. Imadu, who has championed numerous grassroots boxing programs across the country, described Edun’s election as a new beginning for the sport. “It’s a new dawn for Nigerian boxing. The Honorable Minister’s passion for the sport has been evident through his years of support for grassroots initiatives. Together, we will work tirelessly to realize his vision for the sport’s revival,” he stated. Imadu also applauded the National Sports Commission, led by Chairman Shehu Dikko and Director General Hon. Bukola Olopade, for conducting a transparent and credible election process.

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Wale Edun Makes Public Appearance In London Amid Health Rumors

Wale busari02 mins

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has made a public appearance in London, putting to rest recent rumors about his health. Edun was seen on Wednesday, October 15, visiting the O’DA Art Gallery booth at the 1-54 London Art Fair, held at Somerset House. In a video circulating online, the gallery’s founder and creative director, Obida Obioha, was seen welcoming the minister and taking him through the exhibition. Before his trip, reports had circulated that Edun was seriously ill, with some even claiming he had suffered a stroke. However, the presidency swiftly dismissed those claims as false. Obioha later shared his excitement about the visit, writing, “It was a pleasure to welcome the Honourable Minister of Finance, Wale Edun, to the O’DA Art Gallery booth at the 1-54 London Art Fair. We took him through our presentation, Lines of Spirit, featuring artists Simon Ojeaga, Paul Majek, and Afeez Onakoya — whose works explore the intersections of form, rhythm, and transcendence in contemporary African abstraction.” He added that the exhibition highlights O’DA’s continued commitment to promoting African artists who use their creativity to explore themes of identity, memory, and community. Finance Minister Wale Edun visits an art exhibition in the UK. He is in the country for an officially sanctioned few days of rest from the rigours of managing the Nigerian economy. pic.twitter.com/2W9s6uuie1 — Bayo Onanuga (@aonanuga1956) October 15, 2025

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Finance Minister Wale Edun Flies to UK for Medical Care

Wale busari03 mins

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has flown to the United Kingdom to receive medical care, sources confirmed on Tuesday. Edun left Abuja for Lagos on Monday night and later departed for London on a British Airways flight the same evening. Prior to his departure, Presidency officials said he was recuperating at his residence in Abuja under the care of Nigerian doctors. While he had recently fallen ill, earlier reports suggesting he had suffered a stroke or was incapacitated were dismissed. A senior government official, speaking anonymously, said the minister’s health was being closely monitored. “Yes, he’s indisposed. He’s sick, which is a bit serious, but it’s not a stroke. As I’m talking to you, he’s in his house. He’s not been flown anywhere,” the official said, adding that foreign medical treatment could be recommended—a decision that has now been taken. Another aide noted that President Bola Tinubu has been closely following Edun’s condition but stressed that “there are no plans to replace him.” Special Adviser to the President on Information and Strategy, Bayo Onanuga, also confirmed that Edun initially received treatment in Nigeria. The Presidency previously confirmed that Edun would miss this year’s World Bank and IMF Annual Meetings in Washington, D.C., with Central Bank Governor Olayemi Cardoso leading Nigeria’s delegation in his stead. Since his appointment on August 28, 2023, Edun has played a key role in the administration’s economic reforms, including removing petrol subsidies, unifying foreign exchange rates, and implementing measures to stabilize the naira and curb inflation. Edun previously served as Lagos State Commissioner for Finance under Tinubu from 1999 to 2004 and co-founded the investment banking firm Denham Management Limited. As of Tuesday, the Ministry of Finance has yet to release an official statement regarding the minister’s condition or treatment plan.  

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Wale Edun Recovering In Abuja, Presidency Denies Stroke And Replacement Reports

Wale busari04 mins

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is recovering at his Abuja residence after falling ill, with the Presidency debunking claims that he suffered a stroke or had been flown abroad for treatment. Presidency sources told The PUNCH on Sunday that although the minister’s illness is somewhat serious, he remains under medical supervision in Nigeria and continues to recuperate at home. A senior official, who spoke on condition of anonymity, clarified that there is no plan by President Bola Tinubu to replace Edun. “Yes, he’s indisposed. He’s sick, which is a bit serious, but it’s not a stroke. As I’m talking to you, he’s in his house. He has not been flown anywhere. Of course, he might seek medical attention elsewhere if doctors say it’s necessary,” the source said. Another top official confirmed that Edun is being treated by Nigerian doctors, noting that any decision to seek further care abroad would depend on medical advice. “He’s being attended to by Nigerian doctors. They’re still monitoring him. If he needs medical care outside Nigeria, he will go. But he’s still at home. There are no plans to replace him,” the source stated. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, also confirmed Edun’s condition, saying, “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.” His comments followed reports by The Whistler alleging that President Tinubu was considering replacing the minister following news of his ill health. Earlier, the Presidency announced that Central Bank of Nigeria Governor, Olayemi Cardoso, would lead Nigeria’s delegation to the 2024 World Bank and International Monetary Fund Annual Meetings in Washington, D.C., on behalf of the minister. The meetings are scheduled to commence on Monday, October 14. Appointed on August 28, 2023, Edun has been a central figure in Tinubu’s economic reform drive, championing efforts to stabilise the naira, reduce inflation, and attract foreign investment. He previously served as Lagos State Commissioner for Finance under Tinubu’s administration between 1999 and 2004. As of the time of this report, the Ministry of Finance had yet to issue an official statement regarding his health.

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Edun pushes for smarter investments at ISDB retreat in S’Arabia

Fola Badmus02 mins

Minister of Finance Wale Edun has delivered a decisive call for action during the Islamic Development Bank Governors’ Retreat in Al-Madinah on Sunday. His remarks were part of the bank’s ongoing efforts to gather input and build consensus on its upcoming 10-year strategy to achieve greater developmental impact. Edun emphasised the need for the IsDB to rethink its approach to development financing in response to current economic realities. He called for transformative, high-impact projects in infrastructure, agriculture, rail, and energy, urging the bank to focus on investments with strong returns to ensure sustainable financing. He also highlighted the importance of innovative funding solutions tailored to national priorities and debt dynamics, stressing the urgent need for a concessional financing strategy that balances development goals with minimal debt accumulation. The retreat also featured key contributions from Algeria’s Minister of Finance and Chairman of the Board of Governors, H.E. Laaziz Faid, and Saudi Arabia’s Finance Minister, H.E. Mohammed Al-Jadaan, who opened the discussions. Responding to the bank’s call for input Edun also stressed the need for robust monitoring systems to evaluate the real impact of the bank’s initiatives. His remarks reflected Nigeria’s commitment to strengthening the IsDB’s role in delivering greater results for its member states. The retreat served as a forum for governors to provide ideas and feedback on the IsDB’s 10-year strategy (2026–2035), which aims to chart a clear path for addressing pressing development challenges in a rapidly changing global landscape.

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