President Bola Ahmed Tinubu has approved the nomination of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), in a move aimed at strengthening the country’s monetary policy leadership.
The nomination, which is subject to confirmation by the Nigerian Senate, was disclosed on Wednesday in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the nomination was made in line with Section 8(1) of the Central Bank of Nigeria Act 2007.
The presidency explained that Yuguda’s nomination follows the recent appointment of former CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
Onanuga said the President expects the new nominee to bring professionalism and dedication to the role in support of Nigeria’s economic management.
“President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to confirmation by the Senate,” the statement said.
He added that the President charged the nominee to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Yuguda previously served as Director-General of the Securities and Exchange Commission of Nigeria from 2020 to 2024.
An alumnus of Ahmadu Bello University, he graduated in 1983 with a Bachelor’s degree in Accountancy and later obtained a Master’s degree in Money, Banking and Finance from the University of Birmingham in the United Kingdom in 1991.
He is also a Fellow of the Institute of Chartered Accountants of Nigeria and holds the Chartered Financial Analyst designation.
Yuguda 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 served as an economist in the Africa Department of the International Monetary Fund before returning to the apex bank, where he later retired in 2016 after serving six years as Director of the Reserve Management Department.
