President Bola Ahmed Tinubu has nominated former Director-General of the Securities and Exchange Commission (SEC), Lamido Abubakar Yuguda, as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate.
The nomination was announced on Wednesday, 11th March, 2026 in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the appointment is in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.
Yuguda’s nomination follows the recent appointment of the former Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.
President Tinubu charged the nominee to bring renewed dedication, professionalism, and commitment to the role, particularly in supporting Nigeria’s economic stability and growth.
Before his nomination, Yuguda served as Director-General of the Securities and Exchange Commission from 2020 to 2024.
An alumnus of Ahmadu Bello University, Yuguda graduated in 1983 with a Bachelor’s degree in Accountancy. He later obtained a Master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom, in 1991.
He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Chartered Financial Analyst (CFA).
Yuguda began his professional career at the Central Bank of Nigeria 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. He eventually retired from the apex bank in 2016 after serving as Director of the Reserve Management Department for six years.
If confirmed by the Senate, Yuguda will join the leadership of the apex bank at a time Nigeria continues to pursue economic reforms aimed at strengthening monetary stability and boosting investor confidence.
