President Bola Ahmed Tinubu has nominated Mr. Lamido Abubakar Yuguda for appointment as a Deputy Governor of the Central Bank of Nigeria (CBN). The nomination is in accordance with the provisions of Section 8(1) of the Central Bank of Nigeria Act, 2007, and is now subject to confirmation by the Nigerian Senate.
The announcement was made on Wednesday by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga. Mr. Yuguda’s nomination follows the recent appointment of the erstwhile CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
Mr. Yuguda is a seasoned economist and financial expert with decades of experience in regulatory and international finance. Until his nomination, he served as the Director-General of the Securities and Exchange Commission (SEC), a position he held from 2020 to 2024 . He originally began his distinguished career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department.
He brings a wealth of international perspective to the role, having served as an economist in the Africa Department of the International Monetary Fund (IMF) from 1997 to 2001 before returning to the CBN. At the apex bank, he rose to become the Director of the Reserve Management Department, a position he held for six years until his retirement in 2016.
An alumnus of Ahmadu Bello University, Zaria, Mr. Yuguda graduated with a B.Sc. in Accountancy in 1983. He also holds a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom, obtained in 1991. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a respected Chartered Financial Analyst (CFA) charterholder.
President Tinubu has charged Mr. Yuguda to discharge his responsibilities with renewed dedication, professionalism, and a strong commitment to Nigeria’s economic stability and growth, upon confirmation.
The President expressed confidence in his capacity to contribute meaningfully to the ongoing economic reforms and the leadership of the Central Bank.