How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust - Politics (3)

How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust (26369 Views)

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Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Bosman17: 3:55pm On Apr 22

Racoon:
Wale Edun served in a government that hates the truth and paid for it with his reputation if he has any. Tinubu does not like truthful or clean people.

No that is not true, Wale Edun’s focus on debt servicing is causing your likes and your co-travellers to blame the government for hardship. It’s obvious you weren’t reading with your mind intact!

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by obailala(m): 3:58pm On Apr 22

Without digging into much details, for a person like Tinubu to sack someone like Edun, it means Mr Edun was doing something right.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Chucks13: 4:02pm On Apr 22

All these write up are fake and very useless from those enemy of Nigeria.

Name those insiders who is telling you all these nonsense? Insiders said insiders say, pls all is bullshit and thrash....

To cap it all they still go to Chargoury and induced it into the shit they are talking about, why not say it was Chgoury that caused Edu or former INEC chairman removal?

Nonsense!!!

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Reference(m): 4:02pm On Apr 22

nedekid:
Coastal road is should not be a high priority project, I'd rather say it should be done at slower pace while other higher priority issues are sorted out. Haba in your personal life, is it when business is slow, in debt, you are borrowing money up and down you then start building your office building and claiming it will generate revenue through eg rents or saying it will make you and your staff more comfortable? Or you cut expenses, save, clear your debt and when out of red and in green, then making profit you then decide to build the office complex or in the case of Nigeria, coastal road?
The problem we have as Nigerians is that all we want to see is road, bridge etc as signs of a government working. Yes I
it is good, but it must be done at the right time without plunging the state or country into chaos economically. Look at all the states, check you will see they are in debt, same with FGN. Only two ex governors are in record for not accumulating debt ie Peter Obi and Akinwumi ambode, go and check Anambra today, debt has started accumulating, same with Lagos despite all its trillion naira revenue.

Didn't see this very common sense post. Well done.
If the first term had been used to sort out the economy then the path wil have been clear to do the cosmetics the second term. But now everything is threatened.

2 Likes

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Naustine(m): 4:27pm On Apr 22

adioolayi:
All these cock and bull stories..

The man is sick and needs to take care of his health...that's what is visible to all.

Is the president himself not sick as well?

2 Likes

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Kobicove(m): 4:31pm On Apr 22*

seunmsg:
This is part of the price you pay for serving at a time when the economy is extremely fragile and on life support. Wale Edun is an hardliner who wanted to stick to full implementation of the reforms no matter how painful and difficult things are. He gave priorities to debt servicing, payment of salaries and funding overhead. Capital budget implementation suffered and that was his major pitfall. What could he have done better?

In 2025, we had a budget of N54Trillion and barely generated N10Trillion. So, what magic can he use to fill that kind of gap? Like I have said severally on this forum, fiscal discipline is a big issue we must address if we want to move the country forward. Sadly, political interest and citizens expectations keep making the Executive and our lawmakers to pass crazy budgets that can't be implemented. In 2026, we have passed another N68Trillion budget that we all know can't be funded. National Assembly alone padded the 2026 budget with about N10Trillion through constituency projects. So, what magic do you want the Finance Minister to perform?

Wale Edun has done his best. He came in at a time when 97% of our revenue was going into debt service and net foreign reserve was barely $3billion. Today, Our revenue can now adequately take care of our debt servicing, salaries, pension and overhead. He steadied the economy and returned us back to the path of growth. Taiwo Oyedele who took over from him is also a very brilliant guy. He lectured me at Wyse in 2009 and I know he is very solid. This is the time for him to bring his brilliance and years of experience to bear in managing the fiscal side of our economy. Let's see how he can manage the actual financial reality with political and citizens interest.

No matter how brilliant Taiwo Oyedele is he is not a magician.

If there is a funding gap in the budget there is little or nothing he can do about it...at some point he would have to prioritize payments.

Nigerian politicians should learn to focus more on efforts to improve revenue generation and stop blaming the Finance Minister for not releasing money that is not even available!

2 Likes

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by TheStoriesOfMan: 4:37pm On Apr 22

In October last year, reports surfaced online that Edun was seriously ill and had been flown abroad for emergency care, with Tinubu said to be shopping for his replacement.

Shortly after, the president’s media office announced that Edun was “indisposed” and would not be leading Nigeria’s team to the IMF/World Bank meetings.

However, Edun attended the Contemporary African Art Fair in London which coincided with the IMF/World Bank meetings and the pictures were widely shared in the media.

He also returned to Abuja shortly after, attending public functions and giving speeches.

This was seen as a subtle rebuttal of the claim that he was “indisposed”.

Oturmokpo cancel oturmokpo. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by TheStoriesOfMan: 4:40pm On Apr 22

Chucks13:
All these write up are fake and very useless from those enemy of Nigeria.

Name those insiders who is telling you all these nonsense? Insiders said insiders say, pls all is bullshit and thrash....

To cap it all they still go to Chargoury and induced it into the shit they are talking about, why not say it was Chgoury that caused Edu or former INEC chairman removal?

Nonsense!!!

The insiders are your tribe people, but you want to trend.

Abeg go Sidon one corner.

2 Likes

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by haywhy80: 4:42pm On Apr 22

OredoPikin:
invest in agriculture
invest in agriculture
invest in agriculture

we cant have arable land wasting in the north and we are complaining of money.
with the land we have, we can feed 10% of the entire world

Interested in investing in mechanised farming in the North but the majority trouble/problem is insecurity.

1 Like

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by HelipsTech: 4:48pm On Apr 22

Reference:
Do you know that Malaysia has made so much from Palm, has earned so much forex over the decades and so converted most of it's farmlands to plantations that the world has begun to warn them of the effects of deforestation because they have gone palm oil mad.

That is what industrialization does for you.
You can identify one or two agric products and go all out to dominate the international market. Convert all your farmlands and earn pure forex. This takes vision and purpose.

If you have a solid vision for agriculture you will see beyond food on the table. If Nigeria was earning and depending on the farmland for a good proportion of our foreign exchange earnings do you think they will treat banditry with kids gloves. They will have solved it like they did the delta issue. A threat to NATIONAL SECURITY.

Right now the oil worker has a garrison of troops protecting him while the woman who makes garri depends on the anointing oil for safety. What is the difference....money, dollars.

Sad but pure truth

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by TheStoriesOfMan: 4:49pm On Apr 22

Reference:
Do you know that Malaysia has made so much from Palm, has earned so much forex over the decades and so converted most of it's farmlands to plantations that the world has begun to warn them of the effects of deforestation because they have gone palm oil mad.

That is what industrialization does for you.
You can identify one or two agric products and go all out to dominate the international market. Convert all your farmlands and earn pure forex. This takes vision and purpose.

If you have a solid vision for agriculture you will see beyond food on the table. If Nigeria was earning and depending on the farmland for a good proportion of our foreign exchange earnings do you think they will treat banditry with kids gloves. They will have solved it like they did the delta issue. A threat to NATIONAL SECURITY.

Right now the oil worker has a garrison of troops protecting him while the woman who makes garri depends on the anointing oil for safety. What is the difference....money, dollars.

I understand your point. But if Tinubu succumbs to the pressure of using agriculture as a revenue generator, it will lead to foreign investors trying to buy the land and it's mineral resources underneath at ridiculously low prices and a whole lotta complex problems will arise.

Agriculture should be at the hybrid (subsistence-commercial) level.

In solving one problem, we create complex problems.

2 Likes

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by BetterScottish: 5:02pm On Apr 22

simpleseyi:
.
Crying and weeping is allowed

Na the only thing wey you sabi write be dis? Abeg grow up jor and have no⁶..small boy in an old man's body..

1 Like

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Bizibi(m): 5:19pm On Apr 22

xxxx999jon:
Said it earlier that this guy lost his job because he refused business as usual.. He stood his grounds.. For those who understand economics.. Naira has never had it better, also never in the history of Nigeria as food commodities went down the way it did last year.. If contractors were paid over bloated project funds or when they are paid such.. The first thing they do is to change the naira value into dollars for vacation abroad, buy new cars, children school fees, buy apartments in London, UAE, Medical tourism all this are one of the reason Naira falls, but to keep the economy moving he prioritized.

Also a friend of mind who had a contract with one of the MDAs had payment issue
He was just recently paid.

I am a contractor,I know he is focused on debt servicing but the president is applying for more money from the creditors so the situation is even more complicated..... That missing 1 trillion is more than enough to give the federal ministries and pay at least half the contractors.

was the money given to the governor part of the missing trillions huh

1 Like

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by CorrectionFLuid: 5:20pm On Apr 22

Image123:
Lolz, dem don start imagining again. They'll paint Edun as saint Edun. Imagine make the man come go mission declare for ADC. Dem go too hail am. People who don't think.

You're the one imagining. See submission bikonu 😂

1 Like

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Bizibi(m): 5:22pm On Apr 22

OredoPikin:
invest in agriculture
invest in agriculture
invest in agriculture

we cant have arable land wasting in the north and we are complaining of money.
with the land we have, we can feed 10% of the entire world

you be oredo pikin ba.....edo state soil is the best in South south but the government is not even focused on agriculture at all.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Chucks13: 5:33pm On Apr 22

TheStoriesOfMan:
The insiders are your tribe people, but you want to trend.

Abeg go Sidon one corner.

If I reply your nonsense I will look
stew-pid like you so I will.leave you till another time you cross your boundary then I will give you your size.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by TheStoriesOfMan: 5:42pm On Apr 22

Chucks13:
If I reply your nonsense I will look
stew-pid like you so I will.leave you till another time you cross your boundary then I will give you your size.

I repeat again: GO SIDON ONE CORNER.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by OredoPikin: 6:17pm On Apr 22

Bizibi:
you be oredo pikin ba.....edo state soil is the best in South south but the government is not even focused on agriculture at all.

It's because they are getting free money from Abuja na

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by JuanDeDios: 6:31pm On Apr 22

seunmsg:
This is part of the price you pay for serving at a time when the economy is extremely fragile and on life support. Wale Edun is an hardliner who wanted to stick to full implementation of the reforms no matter how painful and difficult things are. He gave priorities to debt servicing, payment of salaries and funding overhead. Capital budget implementation suffered and that was his major pitfall. What could he have done better?

In 2025, we had a budget of N54Trillion and barely generated N10Trillion. So, what magic can he use to fill that kind of gap? Like I have said severally on this forum, fiscal discipline is a big issue we must address if we want to move the country forward. Sadly, political interest and citizens expectations keep making the Executive and our lawmakers to pass crazy budgets that can't be implemented. In 2026, we have passed another N68Trillion budget that we all know can't be funded. National Assembly alone padded the 2026 budget with about N10Trillion through constituency projects. So, what magic do you want the Finance Minister to perform?

Wale Edun has done his best. He came in at a time when 97% of our revenue was going into debt service and net foreign reserve was barely $3billion. Today, Our revenue can now adequately take care of our debt servicing, salaries, pension and overhead. He steadied the economy and returned us back to the path of growth. Taiwo Oyedele who took over from him is also a very brilliant guy. He lectured me at Wyse in 2009 and I know he is very solid. This is the time for him to bring his brilliance and years of experience to bear in managing the fiscal side of our economy. Let's see how he can manage the actual financial reality with political and citizens interest.

I think squeezing the country to suck out funds for the two elephant project superhighways is a major factor. Something had to give. It's sad we're ruled by people who put politics above all else. Yes, Mr Edun did his best.

1 Like

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by toprealman: 6:37pm On Apr 22

Wale should Japa and blow the cover from younger. Tinubu is as good as gone.

1 Like

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Bizibi(m): 6:38pm On Apr 22

OredoPikin:
It's because they are getting free money from Abuja na

it is even beyond that....the mentality of the people in Benin city is another issue especially this their jakpa matter that has been there for years. You remember in the past when every edo youth wants to travel to italy and no one wants to invest in agriculture.now the youths are used as thugs.

The problem is both side,the government officials and the people.

3 Likes

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by OredoPikin: 6:48pm On Apr 22

Bizibi:
it is even beyond that....the mentality of the people in Benin city is another issue especially this their jakpa matter that has been there for years. You remember in the past when every edo youth wants to travel to italy and no one wants to invest in agriculture.now the youths are used as thugs.

The problem is both side,the government officials and the people.

U think if the country good we go risk our lives through Libya road to Italy ni.

I still dey regret my decision in 2013.
I just entered university then and this click to travel to Italy via Libya came. They were supposed to take 3 of us
I declined and said I want to concentrate and finish my school and see what Nigeria becomes
The other 2 that they finally took are big boys now
I know how many years I struggled just to get a job here.
God rescue us from this country

2 Likes

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by IyaTola: 7:13pm On Apr 22

seunmsg:
This is part of the price you pay for serving at a time when the economy is extremely fragile and on life support. Wale Edun is an hardliner who wanted to stick to full implementation of the reforms no matter how painful and difficult things are. He gave priorities to debt servicing, payment of salaries and funding overhead. Capital budget implementation suffered and that was his major pitfall. What could he have done better?

In 2025, we had a budget of N54Trillion and barely generated N10Trillion. So, what magic can he use to fill that kind of gap? Like I have said severally on this forum, fiscal discipline is a big issue we must address if we want to move the country forward. Sadly, political interest and citizens expectations keep making the Executive and our lawmakers to pass crazy budgets that can't be implemented. In 2026, we have passed another N68Trillion budget that we all know can't be funded. National Assembly alone padded the 2026 budget with about N10Trillion through constituency projects. So, what magic do you want the Finance Minister to perform?

Wale Edun has done his best. He came in at a time when 97% of our revenue was going into debt service and net foreign reserve was barely $3billion. Today, Our revenue can now adequately take care of our debt servicing, salaries, pension and overhead. He steadied the economy and returned us back to the path of growth. Taiwo Oyedele who took over from him is also a very brilliant guy. He lectured me at Wyse in 2009 and I know he is very solid. This is the time for him to bring his brilliance and years of experience to bear in managing the fiscal side of our economy. Let's see how he can manage the actual financial reality with political and citizens interest.

it's will be a different ball game.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by grandstar(m): 8:18pm On Apr 22*

benardtotti:
He could have been creative , for capital projects he could have gone for domestic bonds to fund the critical projects, it is not a good thing that we have 3 budgets running concurrently.

If he had his way, he would have cancelled many of these projects. He would have worked better under OBJ.

Yes, Lagos Calabar highway is a great idea but this just isnt the time considering how fragile the FG purse is presently.

These grandiose projects are to not only impress the citizenry, but also to grab votes for Tinubu.

1 Like

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by blaise26abj(m): 8:43pm On Apr 22

Racoon:
Wale Edun served in a government that hates the truth and paid for it with his reputation if he has any. Tinubu does not like truthful or clean people.

I disagree respectfully. There has been several truthful and clean people with Tinubu. However no matter how truthful you are you cannot give ammunition to the enemies of your boss. If he says the country has zero inflation rate , you either collaborate it or ,to maintain your integrity , refuse to go public with the truth . Let the boss correct himself . Challenging your boss in front of others is a no-no. One of the rules of power .

Now that said , i personally do not think Taiwo good for the role . That guy is quite controversial.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Uchek(m): 9:03pm On Apr 22

Please who incurred all the debts in the first place

seunmsg:
This is part of the price you pay for serving at a time when the economy is extremely fragile and on life support. Wale Edun is an hardliner who wanted to stick to full implementation of the reforms no matter how painful and difficult things are. He gave priorities to debt servicing, payment of salaries and funding overhead. Capital budget implementation suffered and that was his major pitfall. What could he have done better?

In 2025, we had a budget of N54Trillion and barely generated N10Trillion. So, what magic can he use to fill that kind of gap? Like I have said severally on this forum, fiscal discipline is a big issue we must address if we want to move the country forward. Sadly, political interest and citizens expectations keep making the Executive and our lawmakers to pass crazy budgets that can't be implemented. In 2026, we have passed another N68Trillion budget that we all know can't be funded. National Assembly alone padded the 2026 budget with about N10Trillion through constituency projects. So, what magic do you want the Finance Minister to perform?

Wale Edun has done his best. He came in at a time when 97% of our revenue was going into debt service and net foreign reserve was barely $3billion. Today, Our revenue can now adequately take care of our debt servicing, salaries, pension and overhead. He steadied the economy and returned us back to the path of growth. Taiwo Oyedele who took over from him is also a very brilliant guy. He lectured me at Wyse in 2009 and I know he is very solid. This is the time for him to bring his brilliance and years of experience to bear in managing the fiscal side of our economy. Let's see how he can manage the actual financial reality with political and citizens interest.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by xxxx999jon: 9:12pm On Apr 22

Bizibi:
I am a contractor,I know he is focused on debt servicing but the president is applying for more money from the creditors so the situation is even more complicated..... That missing 1 trillion is more than enough to give the federal ministries and pay at least half the contractors.

was the money given to the governor part of the missing trillions

i fully understand your view to be honest.. I knew what my friend went through to get his money just last month... The truth is no one trillion is missing.. We need our lawmakers and most people in government to know economics jargons.budget is not money at hand.. It's a planned expenditure based on projected revenue.. When government short fall of revenue in the USA they raise their debt ceiling.. In Nigeria we don't have that comfort of the green back been world currency.. So we borrow.. But servicing our debt is already a burden.
The so called missing 1trn naira never exit.. Government only less than what they projected and it was used on over heads than capital.
Sorry but I pray they get better with their economy management because non payments of contractors has its own drawback on the economy.. Most projects are currently on standstill.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by seunmsg(m): 9:20pm On Apr 22

Uchek:
Please who incurred all the debts in the first place

Most of the loans were taken from the Obasanjo era to date. The present exchange rate simply pushed the Naira value of the debt up. In Dollar terms which is the real currency of repayment, Nigeria’s debt has actually reduced since Tinubu took over in 2023.

1 Like

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Fearyourcreator: 11:01pm On Apr 22

insidelife22:
Very well said.

You hit 🎯 🐂 👁️
😁😆😆
Ha

Both of you go soon enter market clothless

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Kukutente23: 11:28pm On Apr 22

seunmsg:
Actually, what we have is a revenue problem and not a spending problem. For a developing country with over 200million people, our revenue is grossly inadequate to push us to a developed country. To make matters worse, we have a huge population that thinks FG must give us everything for free without caring for who will pay. Free education, free health care, free electricity, subsidized PMS, fixed exchange rate, subsidized fertilizers, untolled federal highways etc. And despite this huge expectation of freebies, we don't want to pay commensurate taxes. Sorry buddy, spending is not our problem. We need to improve our revenue.

How can you say you have a revenue problem when your boss said he met revenue target at just above the half year cycle?
And why jump to blame Nigerians for your lying govt's inability to fund its own budget. Nigerians are not the only ones who demand quality of life from their govt.
The same govt that spent 39bn to renovate a building and removed one of the highest revenue generating outfit from the TSA us now crying off revenue problem
You must be kidding.

Re: How Wale Edun Lost Out To The Chagourys And Finally Bit The Dust by Vision101(m): 1:45am On Apr 23

Racoon:
Wale Edun served in a government that hates the truth and paid for it with his reputation if he has any. Tinubu does not like truthful or clean people.

What can be drawn from the Edu issue:
PBAT can easily take any decision against anyone no matter how close you may be to him. It's the hallmark of a tough leader.

He's good at unearthing talents. For every position he has several quality but unknown replacements. That's what is working in Lagos. Apart from some of us that know Taiwo within the professional circle that he is brilliant he was little known nationally. Tinubu has unearthed him and brought him out to national limelight. They are many on the line. There are also the well known ones like Ben Akubueze resting and ready to be deployed.

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