President Bola Tinubu has nominated Lamido Yuguda, a former Director-General of the Securities and Exchange Commission (SEC), as Deputy Governor of the Central Bank of Nigeria (CBN).
The nomination, which requires confirmation by the Senate, was announced on Wednesday in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the appointment was made in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Onanuga noted that Yuguda’s nomination follows the recent appointment of former CBN Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
“The President charges them to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth in their respective roles,” the statement said.
Yuguda served as SEC Director-General from 2020 to 2024. He is an alumnus of Ahmadu Bello University, Zaria, 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, United Kingdom, in 1991.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Chartered Financial Analyst (CFA).
Yuguda began his career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department. He later worked as an economist in the Africa Department of the International Monetary Fund (IMF) between 1997 and 2001 before returning to the CBN.
He retired from the apex bank in 2016 after serving as Director of the Reserve Management Department for six years.
