President Bola Tinubu has nominated a former Director-General of the Securities and Exchange Commission, Lamido Yuguda, as Deputy Governor of the Central Bank of Nigeria.
The nomination was disclosed in a statement issued on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the nomination has been forwarded to the Senate for confirmation in line with the provisions of the Central Bank of Nigeria Act, 2007.
Onanuga said the nomination followed the recent appointment of the former CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
He noted that the President expects the nominee to discharge his responsibilities with professionalism and dedication in order to strengthen Nigeria’s economic stability and growth.
Yuguda previously served as Director-General of the Securities and Exchange Commission from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, Zaria, where he obtained a Bachelor’s degree in Accountancy in 1983. He 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.
He began his professional career at the Central Bank of Nigeria 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.
Yuguda later served as Director of the Reserve Management Department at the CBN for six years before retiring from the bank in 2016.
