President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria. The appointment was announced on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, and is subject to confirmation by the Senate.
According to the statement, the nomination was made in line with Section 8 subsection 1 of the Central Bank of Nigeria Act 2007. Yuguda’s appointment follows the recent redeployment of former Deputy Governor Bala Bello as Special Adviser to the President on Political Economy.
President Tinubu has urged the new appointee to carry out his duties with dedication, professionalism and commitment to strengthening Nigeria’s economic stability and growth.
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Lamido Yuguda previously served as Director General of the Securities and Exchange Commission from 2020 to 2024. He began his career at the Central Bank of Nigeria in 1984 and later worked with the International Monetary Fund before retiring from the apex bank in 2016 as Director of the Reserve Management Department.
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