President Bola Ahmed Tinubu has approved the nomination of Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to Senate confirmation.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement on Wednesday, March 11.
He stated that the appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act 2007.
“Yuguda’s nomination follows the recent appointment of the erstwhile Deputy Governor, Mr 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,” Onanuga said.
Yuguda’s last public post was as director-general of the Securities and Exchange Commission (SEC), a position he held from 2020 to 2024.
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An alumnus of Ahmadu Bello University, he graduated in 1983 with a B.Sc. in Accountancy. In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
Yuguda began his career in 1984 at the Central Bank of Nigeria as a Senior Supervisor in the Foreign Operations Department.
He later worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 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.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
