President Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, pending confirmation by the Senate.
Yuguda's appointment was contained in a statement issued by Tinubu on Wednesday through the presidential spokesperson Bayo Onanuga.
In it, Tinubu stated that the nomination complies with Section 8(1) of the Central Bank of Nigeria Act, 2007.
The statement insisted that the appointment follows the redeployment of former Deputy Governor Bala Bello, who has been named Special Adviser to the President on Political Economy.
Furthermore, the statement said the President expects both officials to carry out their duties with professionalism and commitment in support of Nigeria’s economic stability and growth.
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Yuguda most recently served as Director-General of the Securities and Exchange Commission, a role he held from 2020 until 2024.
A graduate of Ahmadu Bello University, he earned a bachelor’s degree in Accountancy in 1983 before obtaining a master’s degree in Money, Banking and Finance from the University of Birmingham 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 professional 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 between 1997 and 2001 before returning to the CBN.
Yuguda retired from the bank in 2016 after six years as Director of the Reserve Management Department.