President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria.
The appointment is subject to confirmation by the Nigerian Senate.
Nomination follows leadership change
The nomination follows the recent appointment of Bala Bello as Special Adviser to the President on Political Economy.
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According to the presidency, the appointment complies with Section 8(1) of the CBN Act, 2007.
President Tinubu urged the nominees to serve with dedication and professionalism in support of Nigeria’s economic stability and growth.
Yuguda’s professional background
Yuguda previously served as Director-General of the Securities and Exchange Commission Nigeria from 2020 to 2024.
He began his career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department.
He later worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001.
After returning to the CBN, Yuguda served in several roles before retiring in 2016 as Director of the Reserve Management Department.
Academic and professional qualifications
Yuguda holds a Bachelor’s degree in Accountancy from Ahmadu Bello University.
He also earned a Master’s degree in Money, Banking and Finance from the University of Birmingham.
He is a Fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst.
The nomination now awaits Senate confirmation.
