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 appointment, announced by presidential spokesman Bayo Onanuga, follows the recent reassignment of former Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
According to the presidency, the nomination is in line with Section 8(1) of the CBN Act, 2007. President Tinubu urged the appointee to carry out his duties 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 from 2020 to 2024. He holds a Bachelor’s degree in Accountancy from Ahmadu Bello University and a Master’s degree in Money, Banking and Finance from the University of Birmingham.
He began his career at the Central Bank in 1984 as a Senior Supervisor in the Foreign Operations Department. Between 1997 and 2001, he worked as an economist in the Africa Department of the International Monetary Fund before returning to the CBN, where he later served as Director of the Reserve Management Department until his retirement in 2016.
