The immediate past Director General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has been nominated as Deputy Governor of the Central Bank of Nigeria (CBN).
The nomination was made by President Bola Tinubu, according to a statement issued on Wednesday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga.
His name would be sent to the Senate for confirmation in compliance with a section of the Central Bank of Nigeria Act, 2007.
He is replacing Mr Bala Bello, who was recently appointed as the Special Adviser to the President on Political Economy.
Mr Lamido was in charge of the apex capital market regulatory body in Nigeria from 2020 to 2024. He was replaced by Mr Emomotimi Agama.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy. In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
The nominee began his career in 1984 at the CBN as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN. He retired from the CBN in 2016, after serving as Director of the Reserve Management Department for six years.
President Tinubu has charged Mr Yuguda and his predecessor to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth, in their respective roles.