Tinubu Nominates Lamido Yuguda as CBN Deputy Governor

P President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda for appointment as Deputy Governor of the Central Bank of Nigeria (CBN), pending confirmation by the Nigerian Senate.

The nomination was announced in a statement issued on March 11, 2026, 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 comes following the recent redeployment of the former Deputy Governor, Bala Bello, who was appointed Special Adviser to the President on Political Economy.

President Tinubu urged the incoming CBN official to demonstrate strong commitment and professionalism in the discharge of his duties.

> “The President charges them to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth, in their respective roles,” the statement read.



Yuguda is a seasoned financial expert who most recently served as Director-General of the Securities and Exchange Commission (Nigeria) from 2020 to 2024, where he supervised regulatory oversight of Nigeria’s capital market.

He graduated from Ahmadu Bello University in 1983 with a Bachelor of Science degree in Accountancy and later obtained a master’s degree in Money, Banking and Finance from the University of Birmingham in the United Kingdom in 1991.

Yuguda is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Chartered Financial Analyst (CFA) charterholder.

He began his career at the Central Bank in 1984 as a Senior Supervisor in the Foreign Operations Department. Between 1997 and 2001, he served as an economist in the Africa Department of the International Monetary Fund before returning to the apex bank.

Yuguda retired from the CBN in 2016 after serving as Director of the Reserve Management Department for six years, overseeing Nigeria’s reserve assets and contributing to key monetary policy strategies.

His appointment will take effect upon confirmation by the Senate.