President Bola Ahmed Tinubu has nominated Lamido Yuguda, a former Director-General of the Securities and Exchange Commission (Nigeria) (SEC), for the position of Deputy Governor of the Central Bank of Nigeria (CBN).
The development was announced on Wednesday in a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the nomination has been forwarded to the Senate for confirmation in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.
President Tinubu urged the nominee to carry out his responsibilities with professionalism, dedication, and a strong commitment to strengthening Nigeria’s economic stability and growth.
Yuguda previously served as Director-General of the SEC from 2020 to 2024. His nomination comes shortly after the former CBN Deputy Governor Bala Bello was appointed Special Adviser to the President on Political Economy.
An economist by training, Yuguda is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and also holds the Chartered Financial Analyst designation from the CFA Institute.
He began his professional career at the CBN in 1984 as a senior supervisor in the foreign operations department. Between 1997 and 2001, he worked as an economist in the Africa Department of the International Monetary Fund (IMF) before returning to the apex bank.
Yuguda later served as Director of the CBN’s Reserve Management Department for six years before retiring from the bank in 2016.
In February 2024, he was also confirmed as one of the members of the CBN’s Monetary Policy Committee (MPC).
