KEY POINTS

• President Bola Ahmed Tinubu has nominated former SEC Director-General Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria, subject to Senate confirmation.
• The nomination follows the appointment of former CBN Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
• Yuguda brings extensive experience from the SEC, IMF, and CBN, with expertise in banking regulation, international finance, and capital markets.

President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda, the former Director-General of the Securities and Exchange Commission, as a Deputy Governor of the Central Bank of Nigeria.

The nomination, which is subject to confirmation by the Nigerian Senate, is part of ongoing efforts by the Tinubu administration to strengthen the leadership of the country’s monetary authority amid evolving economic challenges.

If confirmed, Yuguda will join the apex bank’s leadership team responsible for shaping monetary policy, regulating financial institutions, and maintaining financial stability in Nigeria.

Move Follows Appointment of Bala Bello as Presidential Adviser

The nomination comes shortly after the appointment of Bala Bello, a former Deputy Governor of the Central Bank, as Special Adviser to the President on Political Economy.

Bello’s reassignment created a vacancy within the CBN’s top management, prompting the President to nominate Yuguda to fill the strategic position.

The presidency has indicated that Yuguda’s appointment aligns with broader efforts to reinforce economic management and institutional leadership within Nigeria’s financial sector.

In forwarding the nomination, President Tinubu urged Yuguda to focus on policies that would support economic stability, strengthen Nigeria’s financial system, and promote sustainable growth.

The administration has repeatedly emphasized the importance of sound monetary policy and regulatory oversight as Nigeria navigates inflationary pressures, exchange rate volatility, and broader economic reforms.

Observers note that the choice of Yuguda reflects a preference for experienced technocrats with deep knowledge of global finance and domestic financial markets