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.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed in a statement, that the nomination was made 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.
Tinubu urged the appointee to bring renewed dedication, professionalism, and commitment to his responsibilities in support of Nigeria’s economic stability and growth.
Yuguda most recently served as Director-General of the Securities and Exchange Commission from 2020 to 2024, where he oversaw regulatory reforms and capital market development initiatives.
An alumnus of Ahmadu Bello University, Yuguda earned a Bachelor of Science degree in Accountancy in 1983.
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.
Yuguda began his professional career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department.
He later served as an economist in the Africa Department of the International Monetary Fund from 1997 to 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.
