By Achile Danjuma
President Bola Tinubu has nominated Lamido Yuguda, a former Director-General of the Securities and Exchange Commission (SEC), for the position of Deputy Governor of the Central Bank of Nigeria (CBN).
The nomination, which is subject to confirmation by the Nigerian Senate, was announced in a statement on Wednesday by Bayo Onanuga, the President’s Special Adviser on Information and Strategy.
According to the statement, the appointment is made pursuant to Section 8(1) of the Central Bank of Nigeria Act, 2007. The move follows the recent appointment of the previous occupant of the role, Bala Bello, as Special Adviser to the President on Political Economy, which created a vacancy.
President Tinubu urged Yuguda to approach his duties with dedication, professionalism, and a steadfast commitment to fostering the nation’s economic stability and growth.
Yuguda, who led the SEC from 2020 to 2024, brings a wealth of experience to the role, including significant tenure at the apex bank.
A graduate of Ahmadu Bello University, Zaria, where he earned a Bachelor’s degree in Accountancy in 1983, he also holds a master’s degree in Money, Banking and Finance from the University of Birmingham, UK (1991). He is a Fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst.
His career at the CBN began in 1984 as a Senior Supervisor in the Foreign Operations Department. He later served as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001 before returning to the central bank. Yuguda retired from the CBN in 2016 after a six-year tenure as Director of the Reserve Management Department.