By Nworisa Michael
President Bola Ahmed Tinubu has approved the nomination of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Nigerian Senate.
The nomination 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 CBN Act, 2007.
Onanuga explained that Yuguda’s nomination follows the recent appointment of former CBN Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
“The appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria has been approved by President Bola Ahmed Tinubu, subject to confirmation by the Senate,” the statement said.
The presidency also urged the nominee to carry out his responsibilities with dedication and professionalism in order to support Nigeria’s economic stability and growth.
Before the nomination, Yuguda served as Director-General of the Securities and Exchange Commission from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he obtained a Bachelor of Science degree in Accountancy in 1983. He later earned a master’s degree in Money, Banking and Finance from the University of Birmingham in the United Kingdom in 1991.
Yuguda is also a Fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst charterholder.
He 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 worked as an economist in the Africa Department of the International Monetary Fund before returning to the apex bank.
After his return, he served in several key positions, including Director of the Reserve Management Department, a role he held for six years before retiring from the bank in 2016.
The Senate is expected to consider his nomination in the coming days.
