President Bola Tinubu has approved the nomination of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, pending confirmation by the Senate.
The announcement was made in a statement released by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
“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 is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
“Yuguda’s nomination follows the recent appointment of the erstwhile Deputy Governor, Mr. Bala Bello, as Special Adviser to the President on Political Economy,” the statement read.
Following the nomination, the president urged the incoming deputy governor to discharge his responsibilities with dedication, professionalism and a strong commitment to Nigeria’s economic growth.
Yuguda’s nomination comes after Bala Bello, the former deputy governor, was recently appointed Special Adviser to the President on Political Economy.
Yuguda is an alumnus of Ahmadu Bello University, where he earned a bachelor’s degree in accountancy in 1983. 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 also holds the Chartered Financial Analyst designation.
Yuguda began his career at the Central Bank of Nigeria 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 between 1997 and 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.
On Feb. 22, 2024, Yuguda was confirmed alongside 12 others as members of the Central Bank’s Monetary Policy Committee.
He also served as Director-General of the Securities and Exchange Commission from 2020 to 2024.
