Tinubu Nominates Lamido Yuguda As Central Bank Deputy Governor

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 disclosed in a statement issued by the presidential spokesperson, Bayo Onanuga, who said 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.

The president urged the nominee to discharge his duties with dedication, professionalism and commitment to strengthening Nigeria’s economic stability and growth.

Yuguda previously served as Director-General of the Securities and Exchange Commission from 2020 to 2024.

An alumnus of Ahmadu Bello University, he 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.

Yuguda is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and also holds the Chartered Financial Analyst designation.

He began his career in 1984 at the Central Bank of Nigeria as a Senior Supervisor in the Foreign Operations Department. He later worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001 before returning to the CBN.

Yuguda retired from the apex bank in 2016 after serving as Director of the Reserve Management Department for six years.