President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as the new Deputy Governor of the Central Bank of Nigeria (CBN), a move expected to strengthen leadership at the nation’s apex financial institution.
Yuguda brings decades of experience in banking, economic policy, and capital market regulation. He holds a Master’s degree in Money, Banking, and Finance from the University of Birmingham, United Kingdom (1991), and a Bachelor’s degree in Accountancy from Ahmadu Bello University, Zaria (1983).
His professional career spans senior roles in both national and international financial institutions. At the Central Bank of Nigeria, Yuguda served as Director of the Reserve Management Department from 2010 to 2016, overseeing the management and diversification of Nigeria’s foreign exchange reserves and implementing disciplined investment strategies. Prior to this, he held various senior positions at the CBN from 2001 to 2010, including work on restructuring the country’s reserve portfolio, and earlier roles from 1984, such as Senior Supervisor in the Foreign Operations Department and contributions to the Nigerian Debt Conversion Programme.
Internationally, Yuguda served as an economist in the Africa Department of the International Monetary Fund in Washington, D.C., from 1997 to 2001, managing balance-of-payments support programs and assessing economic policies for African member countries.
Most recently, he was Director-General of the Securities and Exchange Commission (SEC) Nigeria between 2020 and 2024, where he oversaw reforms in Nigeria’s capital markets, investor protection initiatives, and regulatory enforcement. He has also held board positions at the Africa Finance Corporation and Premium Pension Limited.
Yuguda’s professional credentials include the Chartered Financial Analyst (CFA) designation, fellowship with the Institute of Chartered Accountants of Nigeria, and the Chartered Institute of Bankers of Nigeria. He has completed executive leadership programs at top institutions including Harvard, INSEAD, IMD, Oxford Saïd Business School, Wharton, and London Business School.
With expertise spanning reserve asset management, foreign exchange portfolio strategy, monetary policy, and financial regulation, Yuguda’s appointment is expected to bolster Nigeria’s financial system and support the CBN’s policy objectives.
