President Bola Ahmed Tinubu has given approval for the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), pending confirmation by the Senate.
A statement from the Presidential Spokesperson, Mr Bayo Onanuga, noted that the appointment complies with Section 8(1) of the Central Bank of Nigeria Act, 2007. Yuguda succeeds Mr Bala Bello, the former Deputy Governor, who was recently appointed Special Adviser to the President on Political Economy.
The President urged Yuguda to approach his new role with “renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.”
Prior to this appointment, Yuguda served as Director-General of the Securities and Exchange Commission from 2020 to 2024. He began his career in 1984 at the CBN as Senior Supervisor in the Foreign Operations Department and later held the role of Director of the Reserve Management Department until his retirement in 2016.
Yuguda also gained international experience as an economist in the Africa Department of the International Monetary Fund between 1997 and 2001.
He is an alumnus of Ahmadu Bello University, earning a B.Sc. in Accountancy in 1983, and holds a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
Observers note that Yuguda’s extensive experience in both national and international financial institutions positions him to play a key role in supporting Nigeria’s monetary policy and economic development initiatives.l
