President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN).
The appointment, in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007, is subject to confirmation by the Senate.
ThelensNG reports that Yuguda’s nomination follows the recent appointment of the erstwhile CBN Deputy Governor, Mr. Bala Bello, as Special Adviser to the President on Political Economy.
In a statement issued on Wednesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, President Tinubu urged the duo to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth in their respective roles.
Yuguda’s most recent public post was as Director-General of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy. In 1991, he obtained a Master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
Yuguda began his career in 1984 at the CBN as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund (IMF) from 1997 to 2001, when he returned to the CBN. He retired from the CBN in 2016 after serving as Director of the Reserve Management Department for six years.
