Tinubu nominates Lamido Yuguda as CBN deputy governor
President Bola Tinubu has nominated Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), pending confirmation by the Senate.
Spokesperson to President Tinubu, Bayo Onanuga, made the announcement on Wednesday. He said the nomination was is in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Yuguda’s appointment follows the recent redeployment of the former Deputy Governor, Bala Bello, who was named Special Adviser to the President on Political Economy.
President Tinubu urged both appointees to demonstrate dedication, professionalism, and commitment to strengthening Nigeria’s economic stability and growth in their new roles.
Before his nomination, Yuguda served as Director-General of the Securities and Exchange Commission (SEC) from 2020 to 2024.
He graduated from Ahmadu Bello University in 1983 with a Bachelor’s degree in Accountancy and later obtained a Master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom, in 1991.
Yuguda is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and also holds the Chartered Financial Analyst (CFA) designation.
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 (IMF) 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.
