President Tinubu Nominates Lamido Yuguda As CBN Deputy Governor

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President Bola Tinubu has nominated a former Director-General of the Securities and Exchange Commission, Lamido Yuguda, as deputy governor of the Central Bank of Nigeria (CBN).

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement on Wednesday.

He said the nomination is subject to confirmation by the Senate, adding that the appointment was made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007.

“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.

The President urged the nominee to discharge his duties with professionalism and commitment to Nigeria’s economic stability and growth.

Yuguda served as Director-General of the SEC from 2020 to 2024.

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

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