- Safiu Kehinde
President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria to replace Bala Bello who was recently appointed as the Special Adiver to the President on Political Economy.
This was made known in a statement issued on Wednesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
According to Onanuga, Yuguda’s appointment, which is still subject to confirmation by the Senate, is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Tinubu charged both Yuguda and Bello to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth, in their respective roles.
As proflied in the statement, the CBN Deputy Governor-designate is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a BSC in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
Yuguda is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
Yuguda also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after serving as Director of the Reserve Management Department for six years.
Meanwhile, his last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.