President Bola Ahmed Tinubu has nominated Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), a move that now awaits confirmation by the Nigerian Senate.
The nomination, announced on Wednesday, March 11, 2026, is part of a leadership adjustment within Nigeria’s apex bank. Yuguda has been selected to replace Bala Bello, who has been redeployed to the Presidency as Special Adviser on Political Economy.
In his new role, Bello is expected to bring his financial sector experience into the administration’s broader economic planning and policy strategy.
Analysts say Yuguda’s nomination reflects the administration’s focus on maintaining experienced leadership within key financial institutions while ensuring continuity in monetary and banking sector policies.
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If confirmed by the Senate, Yuguda will join the leadership team of the Central Bank at a time when the institution is under significant scrutiny over its role in managing inflation, stabilising the naira, and implementing reforms across Nigeria’s banking system.
As the country’s monetary authority, the Central Bank of Nigeria plays a pivotal role in shaping economic policy, regulating financial institutions, and maintaining price stability—making the deputy governor position critical to the nation’s economic management and investor confidence.
