President Bola Ahmed Tinubu has appointed Lamido Abubakar Yuguda Deputy Governor of the Central Bank of Nigeria, CNB. The President, accordingly, transmitted his appointment to the Senate for screening and confirmation.

A statement by the State House, Abuja, clarified that the appointment was in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.

According to the statement, Yuguda’s nomination followed the recent appointment of the former Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.

The President charged them to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth, in their respective roles.

Lamido Yuguda's last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy. In 1991, he obtained a master's degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.

He is a Fellow of the Institute of Chartered Accountants of Nigeria, ICAN, and a CFA charter holder.

He began his career in 1984 at the Central Bank of Nigeria, CBN, as a Senior Supervisor in the Foreign Operations Department.

He 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.