Tinubu Names Lamido Yuguda CBN Deputy Governor

President Bola Ahmed Tinubu has approved the appointment of Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), in a move aimed at strengthening the leadership of the apex bank amid ongoing financial sector reforms.

The appointment was confirmed in a statement issued on Wednesday by the Presidency, which noted that Yuguda’s nomination had been forwarded to the Senate for confirmation in accordance with the provisions of the CBN Act. The statement said the President is confident that the new deputy governor will bring experience and stability to the monetary authority at a time when the government is implementing key economic policies.

Yuguda, a former Commissioner for Finance in Bauchi State and current Director-General of the Securities and Exchange Commission (SEC), is widely regarded as an experienced financial regulator with deep knowledge of Nigeria’s capital and banking sectors.

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According to the Presidency, the appointment is part of efforts to reposition the Central Bank to better manage inflation, exchange rate stability and banking supervision.

Economic analysts say the choice of Yuguda signals continuity in regulatory reforms, especially in strengthening investor confidence and improving coordination between the CBN and other financial institutions.

The Senate is expected to screen the nominee in the coming days before final confirmation.

If confirmed, Yuguda will join the CBN leadership team at a time when Nigeria is battling rising inflation, currency volatility and pressure on foreign reserves.

The Federal Government has repeatedly stated that reforming the financial system remains central to its economic recovery agenda.