President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), pending 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. The appointment is in line with Section 8(1) of the Central Bank of Nigeria Act 2007.
Yuguda’s nomination follows the recent appointment of the former CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
President Tinubu urged the appointees to carry out their duties with renewed dedication, professionalism, and commitment toward strengthening Nigeria’s economic stability and growth.
Before the nomination, Yuguda served as Director-General of the Securities and Exchange Commission Nigeria from 2020 to 2024.
An alumnus of Ahmadu Bello University, Yuguda graduated in 1983 with a Bachelor’s degree in Accountancy. He 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) charterholder.
Yuguda began his professional career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department. He later worked as an economist in the Africa Department of the International Monetary Fund between 1997 and 2001 before returning to the CBN.
He retired from the apex bank in 2016 after serving for six years as Director of the Reserve Management Department.
The nomination is subject to confirmation by the Nigerian Senate.
About The Author
