By Seun Ibiyemi
President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate.
The appointment, announced on Wednesday, was made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Yuguda’s nomination follows the recent appointment of the former CBN Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
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President Tinubu charged the appointees to discharge their responsibilities with renewed dedication, professionalism and commitment to Nigeria’s economic stability and growth in their respective roles.
Yuguda most recently served as Director-General of the Securities and Exchange Commission from 2020 to 2024.
An alumnus of Ahmadu Bello University, he graduated in 1983 with a Bachelor of Science 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 and a Chartered Financial Analyst (CFA) charterholder.
Yuguda began his career at the Central Bank in 1984 as a Senior Supervisor in the Foreign Operations Department.
He later served 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 for six years as Director of the Reserve Management Department.
The appointment was contained in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, on March 11, 2026.
