By Isaac Joseph Inyang
President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the nominates
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The nomination, announced in a statement on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, was made in accordance with Section 8(1) of the Central Bank of Nigeria Act 2007, which provides for the appointment of deputy governors of the apex bank by the President pending legislative approval.
Yuguda’s nomination follows the recent appointment of the immediate past CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
President Tinubu, according to the statement, charged the nominee to discharge the responsibilities of the office with renewed dedication, professionalism, and a strong commitment to Nigeria’s economic stability and growth.
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Yuguda previously served as Director-General of the Securities and Exchange Commission Nigeria (SEC) from 2020 to 2024, where he played a key role in regulatory oversight and reforms within Nigeria’s capital market.
He is an alumnus of Ahmadu Bello University, Zaria, where he obtained a Bachelor of Science 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.
A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Yuguda is also a Chartered Financial Analyst (CFA) charterholder.
He began his professional career at the Central Bank in 1984 as a Senior Supervisor in the Foreign Operations Department. Between 1997 and 2001, he served as an economist in the Africa Department of the International Monetary Fund before returning to the CBN.
Yuguda retired from the Central Bank in 2016 after serving as Director of the Reserve Management Department for six years, where he was responsible for the management of Nigeria’s external reserves.
His nomination will now be forwarded to the Senate for screening and confirmation in line with constitutional provisions.
