President Bola Tinubu has nominated Lamido Yuguda, ex-director-general of the Securities and Exchange Commission as deputy governor of the Central Bank of Nigeria.
The nomination, which is subject to confirmation by the Senate, was announced in a statement issued on Wednesday by Bayo Onanuga, the President’s special adviser on information and strategy.
According to the statement, the appointment was made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Onanuga said the nomination followed the recent appointment of Bala Bello, the former CBN deputy governor as special adviser to the president on political economy.
The President urged the nominee to carry out his responsibilities with dedication, professionalism, and commitment to strengthening Nigeria’s economic stability and growth.
Yuguda previously served as director-general of the between 2020 and 2024.
He is an alumnus of Ahmadu Bello University, where he obtained a Bachelor’s degree in Accountancy in 1983, and later earned a master’s degree in Money, Banking and Finance from the in 1991.
A Fellow of the and a chartered financial analyst, 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 between 1997 and 2001 before returning to the CBN.
Yuguda retired from the apex bank in 2016 after serving as Director of the Reserve Management Department for six years.
