Department of Economics

Colleges and Faculties > Independent Faculties > Faculty of Social Sciences > Department of Economics

The Department of Economics is one of the foundational Departments in the Faculty of Social Science, dedicated to excellence in teaching, research, and community service. The Department provides rigorous training in strong analytical, quantitative, and critical thinking skills for understanding and addressing economic challenges.

Vision

To be a world-class and highly reputable institution that provides highly specialized management training with advanced and indepth understanding of the subject matter of the discipline of economics; and a reference point and vanguard in the academic/intellectual efforts at redefining and reinvesting the core concept in which the knowledge and advance in all aspects of the programme for the for the upliftment of the science which the discipline is contained of and the betterment of the global economic communities and mankind generally.

Academic Programmes

The Department of Economics offers undergraduate and postgraduate programmes designed to equip students with strong analytical, quantitative, and critical thinking skills for understanding and addressing economic challenges. The curriculum combines core areas such as microeconomics, macroeconomics, econometrics, development economics, and public finance with applied fields like international trade, monetary policy, and industrial organisation.
Through lectures, seminars, research projects, and practical training, students gain both theoretical knowledge and hands-on experience in data analysis, policy evaluation, and economic modelling. The programme prepares graduates for careers in academia, government, finance, international organisations, and the private sector, while also fostering research that contributes to national development and global economic discourse.

Community Focus

The Department of Economics serves as a bridge between the university and society by engaging in community-oriented initiatives. This includes providing evidence-based policy advice to government agencies, partnering with local industries and financial institutions, and offering training, seminars, and public lectures on pressing socio-economic issues. The department also contributes to human capital development by equipping students and community members with analytical and problem-solving skills relevant to the economy. 

Research Focus

The research mandate of an Economics Department centres on generating knowledge that addresses national and global economic challenges. Core areas include

  1. Development economics
  2. Public sector economics
  3. Monetary and fiscal policy
  4. Poverty reduction
  5. Sustainable growth
  6. International trade.

Faculty and students are expected to conduct applied and theoretical research that informs policy, advances economic scholarship, and supports innovation. By fostering interdisciplinary collaboration, the department ensures that research outputs not only enrich academic discourse but also translate into practical solutions for economic and social progress.

Facilities for Student Training

The Department is well equipped with modern facilities to support research and teaching, as listed below:

  1. Teaching Facilities
    • Lecture halls and seminar rooms with projectors/whiteboards.
    • Tutorial/discussion rooms for small-group learning.
  2. Research & Learning Resources
    • Departmental library or access to the university’s e-library (textbooks, journals).
    • Computer laboratory with internet access and statistical/econometric software (e.g., STATA, SPSS, EViews, R).
    • Access to key economic data (NBS, World Bank, IMF, CBN reports).
  3. Staff & Student Support
    • Offices for academic and administrative staff.
    • Departmental office for student services (course registration, enquiries).
    • Postgraduate research spaces (shared study rooms).
  4. ICT Infrastructure
    • Stable internet/Wi-Fi within the department.
    • Basic Learning Management System (LMS) for course materials.

Departmental Organogram

Oluwaseyi Adedayo ADELOWOKAN, PhD.

adelowokan.oluwaseyi@oouagoiwoye.edu.ng
Orcid ID: https://orcid.org/0000-0001-7825-1553
Google Scholar Citation: 594; h index: 13; i10-index: 15
Tel; +234 8052594056


Oluwaseyi Adedayo ADELOWOKAN is a Reader (Associate Professor of Economics) with a specialization in Development Economics and Public Sector Economics. His research interests cut across economic growth, governance, fiscal policy and development strategies aimed at improving welfare and institutional performance in emerging economies.

Over the years, he has published extensively in reputable national and international journals, contributing significantly to the body of knowledge in his field. His works have attracted scholarly recognition with over 594 citations, underscoring their relevance and impact within the academic and policy-making community. He also a member of many professional bodies among which are Nigerian Economic Society (MNES), Institute of Corporate and Business Affairs Management, Nigeria.(M.CBM.), Institute of Cost and Management Accountants, (ACMA.), Association of Applied Information Management Professionals (FAIMP) and Chartered Risk Management Institute of Nigeria (CRMI)

Beyond research, he is actively engaged in academic leadership and mentorship, guiding both undergraduate and postgraduate students in their pursuit of excellence. He has supervised several theses and dissertations, many of which address pressing socio-economic challenges within the African context.
He currently serves as the Acting Head, Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Nigeria, where he provides strategic leadership in teaching, research development, curriculum design and departmental administration. In this role, he continues to foster collaboration, innovation and capacity building within the department and the broader university community.

With a strong commitment to academic excellence, impactful research and public service, Oluwaseyi Adedayo ADELOWOKAN remains dedicated to advancing knowledge in economics while contributing to policies that promote sustainable development.

Recent Publications

  1. Solaja, O. M., Onafeso, O. D., Adelowokan, O. A., Dina, A. O., Hassan, A. M., Aluko-Arowolo, O. S., Adeyemi, O. O., & Adetola, O. B. (2025). Exploring the Acceptability and Cost-Effectiveness of Plastic Bottle Waste Bricks in Nigeria’s Construction Sector: A Stakeholder Perspective. The Journal of Environment & Development, 34(1), 3-29. Sage Journals. https://doi.org/10.1177/10704965241260552
  2. Sokunbi, G. M., Maku, O. E., Adelowokan, O. A. (2025). Panel analysis of the impact of unemployment on sustainable Economic Growth in West Africa. Ekonomista, 1-20. https://doi.org/10.52335/ekon/207390
  3. Oluwo, O. P., Adelowokan, O. A., & Maku, O. E. (2025). Trade Liberalization and Poverty in Economic Community of West African States. Proceedings of the Faculty of Economics in East Sarajevo/Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu, (30),23-32.
  4. Balogun, A. M., Adelowokan, O. A., Ajayi, F. O., & Ogede, J. S. (2024). Trade openness, poverty, and sustainable development: Testing for causality using Dumitrescu-Hurlin approach. Journal of Enterprise and Development (JED), 6(2), 280-289, Faculty of Islamic Economics and Business of Universitas Islam Negeri (UIN) Mataram. Indonesia.
  5. Adelowokan, O.A., Oyebamiji, F. F., & Alimi, O. Y. (2024). Industrial sector growth and institutional quality in Nigeria: Comparative analyses of economic, financial, and political institutions. Journal of Business Administration and Social Studies, 8(1), 24-43. İstanbul University-Cerrahpaşa, IUC University Press. doi: 10.5152/JBASS.2024.23015 (Online)
  6. Okutimiren, A.O., Maku, O.E., Adelowokan, O.A., & Ogunjobi , F.O. (2024). Evaluating Symmetric Causality between External Debt and Macroeconomic Variables in Nigeria. Economic Insights – Trends and Challenges, 13(2), 45-53. Faculty of Economic Sciences, Petroleum–Gas University of Ploiesti. https://doi.org/10.51865/EITC.2024.02.04
  7. Balogun, M.A., Tella, S.A., Adelowokan, O.A., Ogede J.S. & Adegboyega, S.B. (2024). Achieving sustainable development in ECOWAS countries: the impact of trade openness, poverty and human capital. Future Business Journal 10(1):78,1-18. Springer Open. https://doi.org/10.1186/s43093-024-00367-9
  8. Toriola A. K. & Adelowokan, O.A. (2024). Interaction Effects of Agricultural Output Price and Agricultural Productivity on Industrialization in Sub-Saharan Africa, Acta Univ. Sapientiae, Economics and Business, 12 (2024) 95–113. Sapientiae Hungarian University of Transylvania Scientia Publishing House
  9. Oni,L.B, Onanuga,A.T., & Adelowokan, O.A. (2024). Interest Rate Channel and Household Consumption: Evidence from the West African Monetary Zone, Management and Economic Review, 9(2),282-293, Faculty of Management, Department of Management, The Bucharest University of Economic Studies, Bucharest, Romania
  10. Oyelade, A. O., Maku, O. E., & Adelowokan, O. A. (2024). Assessing the Compensating and Equivalent Variations of Human Welfare Impact Resulting From Fuel Subsidy Removal in Southwest, Nigeria. Energy RESEARCH LETTERS, 6,1-5. Asia-Pacific Applied Economics Association, Australia. https://doi.org/10.46557/001c.124851
  11. Olayemi, H. O., Maku, O. E., & Adelowokan, O. A. (2023). Impact of Unemployment on Economic Growth in Nigeria: Bound Test and ARDL Approach. Acta Universitatis Danubius. Œconomica, 19(2), 159–171. Retrieved from https://dj.univ-danubius.ro/index.php/AUDOE/article/view/2310
  12. Adelowokan, O. A., Omitogun, O., & Aderemi, T. A. (2023). FDI Inflows, Employment Generation and Poverty Reduction in ECOWAS Sub Region: A Panel Granger Causality Approach. EuroEconomica, 42(1), 78–88. Retrieved from https://dj.univ-danubius.ro/index.php/EE/article/view/2329
  13. ILO, B.M, Elumah L.O. & Adelowokan O.A. (2023) Financial Development and Poverty Alleviation in Nigeria. African Development Finance Journal, Department of Finance and Accounting, University of Nairobi. Kenya. 5(3), 95-116. http://journals.uonbi.ac.ke/index.php/adfj
  14. Olannye, V., Maku, E., & Adelowokan, O. (2023). The Relative Impact of Domestic Credit to the Private and Public Sectors on Economic Growth in Nigeria. KIU Journal of Social Sciences, 9(1), 231-241. doi:10.58709/kiujss.v9i1.1614
  15. Adelowokan, O. A., Osisanwo B. G. & Ajibowo S. A. (2023). Macro – Economic Policy and Investment Growth in Nigeria: Autoregressive Distribution Lag Model. African Development Finance Journal, Department of Finance and Accounting, University of Nairobi. Kenya. 5(4), 1-21. http://journals.uonbi.ac.ke/index.php/adfj
  16. Okutimiren, A., Maku, O., & Adelowokan, O. (2023). External Debt Management and Macroeconomic Variables Performance in Nigeria. Iranian Economic Review, 27(2), 405-424. doi: 10.22059/ier.2023.319694.1007113
  17. Oseni, I.O., Adelowokan, O.A., & Akpa, E.O.(2023). The Effect of Income and Financial Integration on Consumption Smoothing in Africa. Does Income Asymmetry Matter? Economic Insights – Trends and Challenges,12(3), 95-106. https://doi.org/10.51865/EITC.2023.03.07
  18. Ogunyomi-Oluyomi, O.O., George E.O, Maku, E.O. & Adelowokan, O.A. (2023).Domestic Investment and Economic Growth Nexus: Does Absorptive Capacity Matter in the African Countries? Studia Universitatis “Vasile Goldis” Arad. Economics Series 33 ISSN: 1584-2339; (online) ISSN: 2285 – 3065

Academic Staff

Prof. Olukayode E. Maku – Professor of development and hunman welfare Economics, olukayode.maku@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0001-9934-5612; Google Scholar Citations: 662; h-index: 12; i10-index:12 (+2348058871310) Office Rm. 219
Prof. Adeyemi O. Babasanya – Professor of Manpower Development and Industrial Economic, babasanya.adeyemi@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0001-9934-5612; Google Scholar Citations: 286; h-index: 6; i10-index: 4 (+2348034738154) Office Rm. 204
Prof. Olawunmi Omitogun Professor of Public finance and hunman capit development, omitogun.olawunmi@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0002-4757-1930; Google Scholar Citations: 239; h-index: 9; i10-index: 9 (+2348033511139) Office Rm. 002
Prof. Isiaq O. Oseni Professor of Fiscal Policy and Applied Econometrics. isiaq.oseni@oouagoiwoye.ed.ng , Orcid ID: https://orcid.org/0000-0002-6863-5593; Google Scholar Citations:1090; h-index: 19; i10-index: 26 (+2347035178780) Office Rm. 004
Dr. Abayomi T. Onanuga – Reader (Environmental and MonetaryEconomics ) onanuga.toyin@oouagoiwoye.ed.ng Orcid ID: https://orcid.org/0000-0002-4023-9054; Google Scholar Citations: 244; h-index: 8; i10-index: 4 (+2348033519370 ) Office Rm. 003
Dr. Babatunde A. Okuneye – Reader (Development and Health Economics) okuneye.babatunde@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0003-1268-8933; Google Scholar Citations: 120; h-index: 7; i10-index: 4 (+2348052000554 ) Office Rm. 111
Dr. Ibrahim A. Odusanya – Reader (Health and Development Economics) ibrahim.odusanya@agoiwoye.edu.ng Orcid ID: https://orcid.org/00000-0003-0301-5462; Google Scholar Citations: 616; h-index: 12; i10-index: 15 (+2348058871311 ) Office Rm.207
Dr. Bukonla G. Osisanwo- Senior Lecturer osisanwo.bukonla@oouagoiwoye.edu.ng Orcid ID: https://ORCID.org/0000-0001-5616-9081; Google Scholar Citations: 258; h-index: 7; i10-index: 7 (+2348055840385 ) Office Rm. 206
Dr. Felix O. Ajayi- Senior Lecturer felix.ajayi@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0003-3260-133X; Google Scholar Citations: 256; h-index: 6; i10-index: 2 (+2348075243022 ) Office Rm. 216
Dr. Adedamola A. Siyanbola -Senior Lecturer siyanbola.adedamola@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0002-0089-8282; Google Scholar Citations: 15 h-index: 2; i10-index: 1 (+2349067055766) Office Rm. 209
Dr. Soliu B. Adegboyega Lecturer 1 adegboyega.soliu@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0003-0310-5919; Google Scholar Citations: 259; h-index: 8; i10-index: 6 (+2348146976231) Office Rm. 208
Mr. Abayomi S. Adenaike Lecturer I adenaike.samson@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0003-1268-8933; Google Scholar Citations: 23; h-index: 3; i10-index: 1 (+2348038240190) Office Rm. 214
Dr. Jimoh S. Ogede Lecturer I sina.ogede@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0002-7592-4406; Google Scholar Citations: 192; h-index: 7; i10-index: 6 (+2348054577145) Office Rm. 215
Dr. Adeteji O. Okutimiren Lecturer I1 okutimirenolusegun.odlc@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0003-4965-3072; Google Scholar Citations: 11; h-index: 2; i10-index: 0 (+2348033924904) Office Rm. 205
Miss. Olayinka Atoyebi Assistant Lecturer atoyebi.olayinka@oouagoiwoye.edu.ng Orcid ID: https://orcid.org/0000-0001-5281-4477; Google Scholar Citations: 12; h-index: 2; i10-index: 0 (+2348064485583) Office Rm. 218

Non-Academic Staff

Mrs. Ogunsaanu A. O – Senior Secretary Assistant I ogunsaanutinuke@gmail.com +234 9015523167 Office Rm. 001

Contact Information

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