President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Nigerian Senate.
The appointment was made in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Yuguda’s nomination follows the recent appointment of former CBN Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
The president urged both officials to discharge their responsibilities with dedication, professionalism and commitment to strengthening Nigeria’s economic stability and growth.
Yuguda previously served as Director-General of the Securities and Exchange Commission Nigeria (SEC) from 2020 to 2024.
Before his appointment at the SEC, he had an extensive career in financial regulation and economic policy.
He graduated from Ahmadu Bello University 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 in the United Kingdom.
Yuguda is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Chartered Financial Analyst (CFA) charterholder.
He began his professional career in 1984 at the Central Bank of Nigeria 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).
Yuguda later returned to the CBN and eventually served as Director of the Reserve Management Department for six years before retiring from the bank in 2016.
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