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 appointment was made in accordance with Section 8(1) of the Central Bank of Nigeria Act 2007.

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

In a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu urged the appointee to discharge his duties with professionalism and commitment to Nigeria’s economic stability and growth.

Yuguda previously served as Director-General of the Securities and Exchange Commission from 2020 to 2024.

An alumnus of Ahmadu Bello University, he graduated in 1983 with a degree in Accountancy and later obtained a master’s degree in Money, Banking and Finance from the University of Birmingham in the United Kingdom.

He is a Fellow of the Institute of Chartered Accountants of Nigeria 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 worked as an economist at the International Monetary Fund from 1997 to 2001 before returning to the CBN, where he eventually served as Director of the Reserve Management Department until his retirement in 2016.