Tinubu Nominates Lamido Yuguda as CBN Deputy Governor

On Wednesday, President Bola Ahmed Tinubu announced the nomination of Lamido Abubakar Yuguda for the position of Deputy Governor of the Central Bank of Nigeria, pending Senate confirmation. This appointment aligns with Section 8(1) of the Central Bank of Nigeria Act of 2007, which authorizes the President to appoint the CBN Governor and Deputy Governor with Senate approval.

Lamido Yuguda previously served as the Director General of the Securities and Exchange Commission from 2020 to 2024, where he oversaw regulatory reforms in Nigeria's capital market. He is an alumnus of Ahmadu Bello University, earning a Bachelor of Science degree in Accounting in 1983, and later obtained a Master’s degree in Money Banking and Finance from the University of Birmingham in 1991.

Yuguda is a fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst. His professional career began at the Central Bank of Nigeria in 1984, where he rose through the ranks, eventually serving as Director of the Reserve Management Department before retiring in 2016.