President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate.
According to statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy, the nomination, announced in a State House statement on Wednesday, was made in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Yuguda’s appointment follows the recent designation of the former Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
President Tinubu urged the incoming official and other appointees to approach their responsibilities with renewed dedication, professionalism and a strong commitment to safeguarding Nigeria’s economic stability and growth.
Yuguda previously served as Director-General of the Securities and Exchange Commission Nigeria between 2020 and 2024. An alumnus of Ahmadu Bello University, he earned a Bachelor of Science degree in Accountancy in 1983 and later obtained a master’s degree in Money, Banking and Finance from the University of Birmingham in the United Kingdom in 1991.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Chartered Financial Analyst (CFA).
Yuguda began his professional career in 1984 at the Central Bank of Nigeria as a Senior Supervisor in the Foreign Operations Department. Between 1997 and 2001, he served as an economist in the Africa Department of the International Monetary Fund before returning to the apex bank.
He later rose to become Director of the Reserve Management Department, a position he held for six years prior to his retirement from the CBN in 2016.
