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 announced in a statement issued on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the appointment was made in accordance with Section 8(1) of the Central Bank of Nigeria Act 2007.
Onanuga explained that Yuguda’s nomination follows the recent appointment of the former CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
He stated:
“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 presidency said the President expects the new appointee to bring professionalism and commitment to the role in order to support Nigeria’s economic management.
“The President charges them to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth, in their respective roles,” Onanuga added.
Yuguda previously served as Director-General of the Securities and Exchange Commission Nigeria from 2020 to 2024.
An alumnus of Ahmadu Bello University, he graduated in 1983 with a Bachelor’s degree in Accountancy. He 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 CBN. He later retired from the apex bank in 2016 after serving six years as Director of the Reserve Management Department.
