Ex-CBN deputy governor and minister of Power, Adebayo Adelabu, has resigned from his position to focus on his governorship ambition in Oyo State ahead of the next electoral cycle.
In a resignation letter dated April 22, 2026, and addressed to President Bola Ahmed Tinubu, Adelabu said his exit would take effect from April 30, 2026, to allow for a smooth transition.
The letter, routed through the Office of the Secretary to the Government of the Federation, conveyed his “deep sense of honour and profound gratitude” for the opportunity to serve.
He wrote:
“I write with a deep sense of honour and profound gratitude to formally tender my resignation as the Honourable Minister of Power of the Federal Republic of Nigeria. This resignation is to take effect on 30th April 2026, in order to allow sufficient time for a smooth and orderly handover of responsibilities,” he said.
Adelabu expressed appreciation to the President for the confidence reposed in him, describing his appointment as a privilege and a rare opportunity to contribute to national development, particularly in advancing reforms in the power sector.
He explained that his decision to step down was informed by his desire to fully commit to his governorship ambition in Oyo State, in line with provisions of the amended electoral law.
According to him, the aspiration dates back to 2016 during his tenure as Deputy Governor of the Central Bank of Nigeria, a role he resigned from in 2018 to pursue the same political goal.
“In line with the provisions of the Amended Electoral Act 2026, which preclude political office holders from contesting elections, I consider it both appropriate and necessary to resign at this time,” Adelabu added.
His resignation marks a significant political development ahead of the upcoming elections, particularly in Oyo State, where he is widely expected to contest for the governorship seat.
