By Ayo Ayodele
President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate.
The nomination, announced in a State House statement on Wednesday, was made in line with Section 8(1) of the CBN Act, 2007.
Yuguda’s appointment follows the recent redeployment of the former Deputy Governor, Bala Bello, who has been named Special Adviser to the President on Political Economy.
The President urged both officials to discharge their duties with dedication, professionalism and commitment to strengthening Nigeria’s economic stability and growth.
Before the nomination, Yuguda served as Director-General of the Securities and Exchange Commission between 2020 and 2024.
An alumnus of Ahmadu Bello University, Yuguda 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 a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and also holds the Chartered Financial Analyst (CFA) designation.
Yuguda began his career at the Central Bank 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 before returning to the CBN.
He retired from the apex bank in 2016 after serving six years as Director of the Reserve Management Department.
The nomination has been forwarded to the Senate for confirmation.