Tinubu Appoints Lamido Yuguda As New CBN Deputy Governor

According to Ireporter Online, the appointment was made in line with Section 8(1) of the Central Bank of Nigeria Act 2007, which empowers the president to nominate deputy governors of the apex bank subject to legislative approval.

Details of the development were disclosed in a statement issued on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. The statement indicated that Yuguda’s nomination followed the recent appointment of former CBN Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.

The President urged the appointees to approach their responsibilities with renewed commitment, professionalism, and dedication to strengthening Nigeria’s economic stability and driving sustainable growth.

Yuguda most recently served as Director-General of the Securities and Exchange Commission Nigeria, a position he held from 2020 to 2024. Prior to that role, he built an extensive career in financial and economic institutions both within and outside Nigeria.

An alumnus of Ahmadu Bello University, Yuguda graduated in 1983 with a Bachelor of Science degree in Accountancy. He later obtained a master’s degree in Money, Banking and Finance from the University of Birmingham in the United Kingdom in 1991.

He is also a Fellow of the Institute of Chartered Accountants of Nigeria and holds the Chartered Financial Analyst designation.

Yuguda began his professional 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 between 1997 and 2001 before returning to the apex bank, where he continued his service and eventually retired in 2016 after serving as Director of the Reserve Management Department for six years.