Wale Edun
Minister of Finance and Coordinating Minister of the Economy
All Progressives Congress Ogun State
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Biography & Profile
Bio Summary
Chief Wale Edun is Nigeria’s Minister of Finance and Coordinating Minister of the Economy, appointed in August 2023. A veteran economist and banker with experience across global institutions like the World Bank and US banks, he previously served as Lagos State’s Finance Commissioner and founded leading advisory firms. He chairs Africa’s World Bank Governors’ Forum, reinforcing his reputation as a reform-driven technocrat overseeing fiscal strategy and economic coordination.
Education
- Bachelor’s in Economics, University of London
- Master’s in Development Economics, University of Sussex
Professional Background
- Early career: Worked at Chase Merchant Bank, Lagos (1980–1986), rising to Head of Treasury and Deputy Head of Corporate Finance; also seconded to Lehman Brothers and Chase Manhattan Capital Markets in New York
- Joined the World Bank (IFC) via its Young Professionals Program (1986), working on economic and financial initiatives across Latin America, the Caribbean, Indonesia, and India.
- Co-founded Stanbic IBTC (Investment Banking & Trust Company Ltd) in 1989 as Executive Director
- Founded and chaired Denham Management Ltd, which became Chapel Hill Denham Group (Chair, 2008–2021)
- Served as Lagos State Commissioner for Finance (1999–2004) under Governor Bola Tinubu
- Chaired the Board of Trustees for the Ogoni Trust Fund (HYPREP) overseeing environmental cleanup in Ogoniland (2016–2020)
- Appointed Chairman of the African Governors’ Forum at the World Bank in 2023 — the first Nigerian in 60 years to do so.
- Active in philanthropy: Board member of Duke of Edinburgh’s International Award Foundation, chair of Lagos Boxing Hall of Fame, and Livewell Initiative
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