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 disclosed on Wednesday in a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. According to the statement, the move aligns with Section 8(1) of the CBN Act 2007, which empowers the President to appoint the bank’s governor and deputy governors subject to Senate approval.
Yuguda’s nomination follows the recent appointment of former CBN Deputy Governor Bala Bello as Special Adviser to the President on Political Economy. Tinubu urged the nominee to approach the role with dedication and professionalism, emphasizing the need to strengthen Nigeria’s economic stability and growth.
Before this nomination, Yuguda served as Director-General of the Securities and Exchange Commission Nigeria from 2020 to 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.
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 later became Director of the CBN’s Reserve Management Department and retired in 2016 after six years in that role.
