Lamido Abubakar Yuguda nominated as Deputy Governor of CBN

*President Bola Ahmed Tinubu approves the appointment of Lamido Abubakar Yuguda as Deputy Governor, Central Bank of Nigeria, subject to confirmation by the Senate

Isola Moses | ConsumerConnect

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 Presidency said the appointment of Yuguda was in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.

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Yuguda’s nomination followed the recent appointment of the erstwhile Deputy Governor, Mr. Bala Bello, as Special Adviser to the President on Political Economy.

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, stated President Tinubu charged the new appointees to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth, in their respective roles.

Onanuga stated Lamido Yuguda’s last public post was as Director-General of the Securities and Exchange Commission (SEC), a position he held from 2020 to 2024.

He is an alumnus of Ahmadu Bello University (ABU), Zaria, in Kaduna State, Northern Nigeria, where he graduated in 1983 with a BSC in Accountancy.

In 1991, Yuguda obtained a Master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom (UK).

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and CFA charterholder.

He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.

He also worked as an economist in the Africa Department of the International Monetary Fund (IMF) from 1997 to 2001, when he returned to the CBN.

Yuguda retired from the CBN 2016, after serving as the Director, Reserve Management Department, for six years.