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.
The nomination was announced on Wednesday in a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, who said the appointment is in accordance with Section 8(1) of the CBN Act, 2007.
Yuguda’s nomination follows the recent appointment of the outgoing Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
According to the statement, the President urged the nominee to bring professionalism and commitment to the role.
“The President charges him to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth,” the statement read.
Yuguda previously served as Director-General of the Securities and Exchange Commission between 2020 and 2024.
He is an alumnus of Ahmadu Bello University, where he obtained a Bachelor’s degree in Accountancy in 1983, and later earned a Master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom, in 1991.
Yuguda is also a Fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst (CFA).
He began his career at the CBN in 1984 as a Senior Supervisor in the Foreign Operations Department. Between 1997 and 2001, he worked as an economist in the Africa Department of the International Monetary Fund before returning to the apex bank.
He retired from the CBN in 2016 after serving as Director of the Reserve Management Department for six years.