BREAKING: Tinubu nominates Lamido Abubakar Yuguda as CBN Deputy Governor

Business, Politics

ABUJA, NIGERIA (NPA) — March 11, 2026 — President Bola Ahmed Tinubu has approved the nomination of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN). The appointment, announced in a statement by Presidential Adviser on Information and Strategy Bayo Onanuga, is subject to Senate confirmation in line with Section 8(1) of the CBN Act, 2007.

According to the statement, Yuguda’s nomination follows the redeployment of former Deputy Governor Bala Bello, who was recently appointed Special Adviser to the President on Political Economy. The President urged the new appointees to discharge their responsibilities with dedication, professionalism, and commitment to Nigeria’s economic stability and growth.

Yuguda, a seasoned economist and financial expert, last served as Director‑General of the Securities and Exchange Commission (SEC) from 2020 to 2024. He holds a B.Sc. in Accountancy from Ahmadu Bello University (1983) and a Master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom (1991).

Advertisement

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Chartered Financial Analyst (CFA) charterholder. Yuguda began his career at the CBN in 1984 as a Senior Supervisor in the Foreign Operations Department. He later worked as an economist in the Africa Department of the International Monetary Fund (IMF) between 1997 and 2001, before returning to the CBN, where he rose to become Director of the Reserve Management Department until his retirement in 2016.

His nomination marks a return to the apex bank, where he is expected to bring decades of experience in fiscal governance, financial regulation, and international economic policy to Nigeria’s monetary leadership.