Tinubu nominates Lamido Yuguda as CBN Deputy Governor

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.

The nomination 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 is in line with Section 8(1) of the Central Bank of Nigeria Act, 2007, which empowers the President to appoint the CBN governor and deputy governors subject to Senate confirmation.

Yuguda’s nomination follows the recent appointment of former CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.

President Tinubu urged Yuguda to discharge his duties with dedication, professionalism and a strong commitment to strengthening Nigeria’s economic stability and growth.

Before his nomination, Yuguda served as Director-General of the Securities and Exchange Commission (SEC) between 2020 and 2024.

He is an alumnus of Ahmadu Bello University where he obtained a Bachelor of Science degree in Accountancy in 1983. In 1991, he earned a Master’s degree in Money, Banking and Finance from the University of Birmingham in the United Kingdom.

Yuguda is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Chartered Financial Analyst (CFA).

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 served as an economist in the Africa Department of the International Monetary Fund (IMF) before returning to the apex bank.

Yuguda later rose to become Director of the Reserve Management Department and retired from the CBN in 2016 after six years in the role.