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ABOUT CEPAR

The Centre for Economic Policy Analysis and Research (CEPAR) is a research Centre of the University of Lagos, in economic and business policy engagement with both the public and private sectors of the economy. Its goal is to engage in high quality, policy-relevant economic and business research on both national and global issues and disseminating its findings widely to decision-makers and other end-users across the economy. The Centre is structured to be a reference point in economic policy analysis in Nigeria and Sub-Saharan Africa, with effort made to collaborate extensively, on policy issues with national and international institutions It offers meaningful economic policy engagement with the governments of the federation, at the federal, state and local levels. The Centre is also structured to engage the business community in capacity building and corporate issues resolution and advice. The Centre is governed by a Board of Directors, comprised of highly qualified and experienced scholars in business and economic policy issues.

VISION:To become a leading global economic and financial platform for delivering and disseminating evidence-based policy research as guide to public and private sector institutions through policy relevant research and discussion of emerging issues for national and global development

 

MISSION:To promote and provide high quality and practicable policy-relevant economic and financial research and capacity building for national and global development, following the core values of excellence, integrity, independence and impartiality, transparency and accountability, diversity and equal opportunity, non-partisanshinp and objectivity in its activities.

OBJECTIVES:The goal of the Centre is to deliver and disseminate evidence-based policy research and become a leading national and global economic and financial platform for economic analysis. The Centre has three specific objectives, namely:

  • Conducting evidenced-based policy analysis and engaging the various governments and publics on topical economic issues, thus making useful inputs to government economic policy formulation. This will also involve periodic public engagement on these issues.
  • The conduct of relevant empirical and other economic and business research, at the micro and macroeconomic levels, cutting across the states, the nation and beyond.
  • Embarking on appropriate capacity building on economic and business issues, in close collaboration with the private sector and the governments at the various levels.

 

OUR STRENGTH

The uniqueness of CEPAR is quite obvious; given its strategic advantage of domiciliation in the University of Lagos, Nigeria’s University of first choice and the Nation’s pride. It’s location in the nation’s commercial capital further empowers it for meaningful engagement with the various publics of business leaders, academia and policy makers in all the tiers of government, in its operating environment, by providing evidence-based research and policy analysis on relevant and topical issues that would enhance national development. Lagos has over the years developed into a melting pot of various cultures and economic activities that have turned out to be the face of the Nigerian economy. Lagos is the gateway to the Nigerian economy with the bulk of the flow of international merchandise and capital flowing through its ports and financial institutions. The Lagos State government, on the other hand, has the largest gross domestic product GDP, of all the states in the federation and larger than that of over 75% of the countries on the African continent, with local commerce in electronics, manufactures and agricultural produce, among others thriving successfully. The Centre has a rich blend of highly qualified faculty comprised of members and associate members cutting across academicians and professionals from within and outside the University of Lagos – across the core departments of economics, finance, political science and sociology, among others.

 

CORE RESEARCH AND CAPACITY BUILDING FOCUS

CEPAR intends to conduct both professional research and public education. The professional research will be oriented towards addressing critical gaps in the understanding of particular economic and social problems, or the impact of specific economic developments or government policies. This also includes tailor-made research and policy analyses for desiring publics. The public education portion is to present the findings of professional research in a manner that allows broad segments of the public to know exactly what is at stake in major policy debates. The core research and capacity building areas which are largely multidisciplinary include:

  • Macroeconomic Policy issues.
  • Macroeconomic Modelling and Policy analysis
  • Financing for Development issues
  • Economic and Financial Analysis for Corporate Organisations
  • Public Policy and Political Economy issues
  • Poverty issues
  • Globalization, Institutions and Economic Governance issues
  • Natural resources, Energy and the Environment
  • Health Economics and Social Work issues

 

COLLABORATION

The regular policy dialogues and intense media engagement will assist in projecting the relevance of the Centre, first to the Lagos environment, then the national and finally the global. Regular engagements with stakeholders will be adopted. The Centre intends to thereby, partner with both national and global private and public organizations for its sustainability and visibility, namely:

  • Banks and Other Financial Institutions.
  • Businesses / Companies in various sectors of the economy
  • Research Centres such as African Economic Research Consortium, Centre for Econometric and Allied Research and Centre for Petroleum, Energy Economics & Law, University of Ibadan and Financial Institutions Training Centre among others.
  • Public Institutions such as Nigerian Deposit Insurance Corporation, NDIC, Ministries of Budget & Planning and of Finance, Nigerian Stock Exchange, Central Bank of Nigeria, Development Finance Institutions, Securities and Exchange Commission, among others.
  • Professional Organizations such as Nigerian Economic Society, Nigerian Association of Energy Economics, African Econometric Society, Institute of Chartered Accountants, Chartered Institute of Stockbrokers and Chartered Institute of Bankers of Nigeria, among others.
  • International Organizations such as International Monetary Fund, World Bank, African Development Bank, United Nations Economic Commission for Africa, West African Institute for Financial and Economic Management, and the West African Institute for Monetary Integration, among others. 

 

 

ACADEMIC PROGRAMMES

 The Centre offers several short and long-term programmes in the areas of its core competences – economic and business policy and analysis.

The short-term capacity building focus include

  • Short-term training in econometric and macroeconomic modelling tools for policy research – some of which include Survey Data Analysis, Cross-Sectional Analysis, Panel Data Econometric Analysis, Time Series Analysis, CGE and DSGE Modelling, among others.
  • Short-Term Executive Training in Macroeconomics, Budgeting, Investment Analysis, Financial and Monetary Economics and general economic issues, among others.

 It also offers specialized multidisciplinary Masters and PhD programmes in areas of Economics, Public Sector Economic Governance, Financial and Monetary Economics and Policy Analysis. Such courses include, but not limited to:

 

  • Masters in Budgeting and Public Sector Management
  • Masters in Financial Economics
  • MSc / Masters in Environmental Economics
  • MSc /Masters in Health Economics

 Also doctoral programmes in the relevant areas are on offer.

The targeted Market for these trainings includes corporate organizations, governments and MDAs, international organisations and individuals.

 

STAKEHOLDERS’ ENGAGEMENT

In line with the objectives, of focusing on the three core areas of research, capacity building and policy analysis, the Centre intends to disseminate its research and ideas for national and global benefits widely through:

  • Periodic Policy Dialogues - on emerging financial and economic issues through the following fora: Lagos Financial and Economic Forum (LFEF); Public Lectures /Discourse and Others.
  • Research Papers – comprised of Discussion Papers, Policy Briefs, Working Papers and Seminar Presentations
  • Reports/News - comprised of Quarterly Macroeconomic Report, Monthly Economic Update Newsletter, Online Releases such as the Centre’s Website /YouTube /Blog

The establishment of CEPAR is based on the need to adopt and domesticate one of the best global best practices of economic policy and development - to create an active community of dispersed individual researchers, working together across international boundaries to produce state-of-the-art thinking from a range of perspectives and high-quality research for use by the public and private sectors of the local and global economy. 

 

GOVERNANCE ISSUES

CEPAR, which is a Grant-driven Centre, follows global practices in its administrative and financial governance structures, under the supervision of the Universities Research and Innovation Office.

 

BRIEF OF CORE TEAM MEMBERS

 


  DIRECTOR/ TEAM LEADER: 


 

Professor Ndubisi I. Nwokoma

 Ndubisi Ifeanyi Nwokoma is a Professor of Financial Economics of the Department of Economics of the University of Lagos, Nigeria. He was Head of the Department between July 2012 and July 2016. He is currently the Director of the Centre for Economic Policy Analysis and Research, CEPAR of the University as well as a Fellow of the Chartered Institute of Stockbrokers. He is also the current Editor of the Nigerian Journal of Economic and Social Studies, NJESS, the flagship Journal of the Nigerian Economic Society.

He hold a PhD Economics degree of the University of Ibadan where he was a University Scholar. He specialized in macro econometric modeling and policy analysis and participated actively in the construction and maintenance of econometric models for the Federal Government of Nigeria under the auspices of the Center for Econometric and Allied Research CEAR. 

Until recently, on a leave of absence from the University, he worked at the United Nations Economic Commission for Africa, Addis Ababa, Ethiopia, as Chief of Financing, Industry and Investment in the Economic Development and NEPAD Division between 2010 and 2012. While at UNECA, he undertook economic missions, on various UN assignments, to different African countries, namely, Djibouti, South Africa, Senegal, Algeria, Tunisia, Mauritius and Nigeria.  He also participated at the OECD High-Level Forum on Aid Effectiveness, in Busan, South Korea as well as at the UN General Assembly in New York, USA, on Africa’s presentation on financing for development. His sabbatical leave was served at The Nigerian Stock Exchange, Lagos as the Special Assistant to the Director General / Chief Executive Officer between 2008 and 2009. He had also worked in the Banking sector between 1988 and 1994 – in a commercial and merchant bank at different times. He is currently the representative of the University of Lagos on the Board of Directors of the Financial Institutions Training Centre, FITC. He is well published and belongs to many professional associations including the American Economic Association, African Finance and Economics Association, African Econometrics Society, Chartered Institute of Stockbrokers of Nigeria and Life member as well as member of Council of the Nigerian Economic Society.

 


 

TEAM MEMBERS: 


 Dr. Lateef Alani Odekunle

Lateef Alani Odekunle holds a B.Sc (Hons.) degree in Accounting from the University of Benin in 1990, an M.Sc. and a PhD degree in Economics from the University of Lagos in 1999 and 2015 respectively  He is a Fellow of the Institute of Chartered Accountants (FCA) in 2011. He has had a very distinguished career in Financial Management at several levels. In 2011, he was appointed the Bursar of the University of Lagos, which made him one of the Principal Officers of the University, and the chief financial officer responsible for providing leadership and direction for the entire finance function; a position he held until 2017. While the University Bursar, he advanced the objectives and activities in the Bursary from simple collection and disbursement to fully rounded financial management encompassing fiscal management, cost efficiency, liquidity management, accountability and reporting, tax matters and financial advisory to enable decision making by the University leadership. Dr. Odekunle also made effective contributions to internal governance of the University through periodic reporting of budget performance and cash management to the University Management and Council. Before his appointment as the University Bursar, Dr. Odekunle had worked as Deputy Bursar; Chief Accountant and Head of Directorate of Final Accounts; Principal Accountant – Salaries and Wages, Head of Accounts at University of Lagos Guest Houses and Conference Centre, Head of Accounts Cash office, Head of Accounts Expenditure Control of Works and Services Department. Dr. Odekunle belongs to some professional bodies amongst which are: Institute of Chartered Accountants of Nigeria (ICAN) Chartered Institute of Taxation of Nigeria (CITN). He has a number of publications to his credit.

 


 

 Professor Wilfred Iyiegbuniwe 

Wilfred Chifumnanya Iyiegbuniwe is a Professor of Finance at the University of Lagos, Lagos, Nigeria. He holds Bachelor of Science degree in Business Administration, M.Sc. Finance, M.Sc. Applied Statistics and Ph. D Finance (major) and Economics (minor) degrees. He has supervised many research projects at B. Sc. and Masters degree levels as well as several Ph.D theses. He was an Investment Analyst with the defunct Nigerian Industrial Development Bank and Senior Brand Manager at Unilever Nigeria PLC before joining the University of Lagos as Lecturer II in 1977. His research and consultancy are in the areas of Financial Markets and Institutions, Capital Markets, and Industrial Development of Emerging economies.

 


 

  

Professor Fatai Adesina Badru 

Fatai Adesina Badru holds a PhD Sociology degree of the University of Lagos. He is a Fellow of the West African College of Nursing (FWACN). He currently teaches and conducts research as Professor of Social Work in the Department of Sociology of the University of Lagos. He has many academic publications to his credit. His research interests include Medical Sociology, Health Economics, Clinical Social Work, Social Group Work and Comparative Social Policies.

 


 

 

 Dr. Isaac Chii Nwaogwugwu

  Isaac Chii Nwaogwugwu is a Public Sector Economist. He holds a First Class Bachelors degree in Commerce (with Economics and Accounting) from Rani Dugavati University in 1986 and an M.A. degree in Economics from The M.S University of Baroda in 1988 (also with First Class). He completed his PhD in Economics from the same University 1996. Dr. Nwaogwugwu specialises in Economic theory, Public Finance, Economics of Public Enterprises and Public Utilities, Financial Economics, Project Analysis & Management and Applied Statistics. He joined the faculty of the Department of Economics of the University of Lagos in 2000 where he is currently a Senior Lecturer. He has consulted widely for many Organizations including United Nations Economic Commission for Africa, The World Bank, The Central Bank of Nigeria, Manufacturers Association of Nigeria; National Institute for Sports;Nigerian Communications Commission, Lagos State Government. He is also the former Chief Consultant of The Corporate Advisors Limited (a Private Sector Outfit that specializes in Economic, Business, Management and Financial Consultancy services). Dr. Nwaogwugwu has participated in many National and International Workshops and Conferences and has also published widely in national and international Journals.

 


 

  Dr Babatunde Wasiu Adeoye

  Babatunde Wasiu Adeoye has a B.Sc. (Hons) and MSc in Economics from the University of Ibadan as well as a Ph.D in Economics from the University of Lagos with specialisation in Economic Theory, Applied Econometrics, Monetary and Financial Economics. He is currently a Senior Lecturer in the Department of Economics, University of Lagos. He has done an intensive research on broad range of issues such as health economics, monetary policy, exchange rate behaviour and determination, financial issues, macro- modelling, organisational structure and knowledge of budget operations at Community, State and Federal levels and International level.

  


 

Ernest Simeon Osikhena Odior 

 Ernest Simeon Osikhena Odior has a B.Sc. Hons degree in Economics from Ambrose Alli University, Ekpoma, in 1997. M.Sc in Economics from Delta State University and a PhD degree in Economics, from the Department of Economics and Statistics, University of Benin, Benin City under the Collaborative PhD scholarship Programme (CPP), for the Sub-Saharan African (SSA) Countries, of the African Economic Research Consortium (AERC), Nairobi, Kenya. Dr. Odior has many local and international publications and specialises in Applied and Theoretical Econometrics, Development Macroeconomics and Monetary Economics. He has been actively involved in economic management consultancy in recent years, especially, using computable general equilibrium (CGE) models. Currently, he is a Senior Lecturer in the Department of Economics, University of Lagos, Akoka, Lagos, Nigeria. 

 


 

 Babatunde Olufemi Oke 

Babatunde Olufemi Oke has B.Sc (Econs) (Second Class Upper Division), M.Sc (Econs), M.Sc (Finance) and Ph.D. (Finance) degrees from UNILAG. He also has a certification in Financial Markets from Yale University. He is an expert in Finance and Economics, with special interests in Financial Economics; International Economics and Finance; and Development Economics and Finance. He belongs to the Actuarial, Risk Management & Business Analytics (ARMBA)as well as the Private Sector and Sustainable Development (PSSD) Research Groups of the University of Lagos. He is currently a Senior Lecturer in the Department of Finance of the University of Lagos as well as the Chairman of the Department’s Postgraduate Committee. Dr. Oke has over two-decade cognate experience in Banking, Consultancy and Academics. He has published in many local and international journals and delivered numerous papers at conferences, seminars and workshops. He won 2 Best Paper Awards at two Conferences of the International Academy of African Business and Development (IAABD) in Florida, USA and in Lagos. 

 


 

 Joseph Ayoola Omojolaibi 

 Joseph Ayoola Omojolaibi holds a PhD Economics degree of the University of Ibadan, Nigeria. He is currently a Senior Lecturer in the Department of Economics of the University of Lagos, Akoka, Lagos, Nigeria. He is also an Associate Lecturer in Environmental Economics and Climate Change Policy at the Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan, Nigeria. In addition, He is a Research Fellow at the Centre for Econometric and Allied Research (CEAR), Department of Economics, University of Ibadan, Nigeria. His core competencies include Economic Theory, Environmental Economics & Climate change, Policy Modelling, Energy & Petroleum Economics, Econometric Modelling and Public Finance. He has published in reputable local and international journals. He is a member of many professional bodies including the Nigerian Economic Society, Nigerian Association for Energy Economics, International Association for Energy Economics, African Econometric Society, Green House Gas Management Institute, Research Network-African Economic Research Consortium, West African Institute among others. He is an Editorial Advisory Board Member of the Research Foundation for Humanity (RFH) and The Open Fuels & Energy Science Journal, among others.


 

 Ferdinand O.Ottoh 

Ferdinand O. Ottoh, holds a PhD in Political Science and a Senior Lecturer at the University of Lagos, Nigeria. He is a scholar in International Relations and Strategic Studies with many years of teaching and research. He has published in local and international journals. He is an alumnus of West Africa Peace Building Institute.

  


 

 David Mautin Oke 

 David Mautin Oke has a PhD Economics degree of the University of Ibadan under the Collaborative PhD Programme (CPP), for the Sub-Saharan African (SSA) Countries, of the African Economic Research Consortium (AERC), Nairobi, Kenya. He was a Post-Doctoral Fellow in economics of the University of KwaZulu-Natal, South Africa.   He was a winner of a doctoral research writing grant of the African Economic Research Consortium, Kenya as well as a doctoral scholar of the Lagos State Government. He is currently a Lecturer in the Department of Economics of the University of Lagos, Nigeria. He obtained his PhD in economics from the famous University of Ibadan.  He had also lectured at the Department of Economics of the Lagos State University. He is a Certified Business Advisor (CBA) of the Institute of Business Advisors Southern Africa. He is a member of many professional bodies including the Nigerian Economic Society, the Institute of Chartered Accountants of Nigeria, Nigerian Association for Energy Economics and International Association for Energy Economics. He is also a member of the Macroeconomics Working Group of the University of KwaZulu-Natal.  His research areas are in monetary economics/macroeconomics, energy economics cum development economics, and efficiency cum productivity. David also read theology apart from economics.

 


 

 Taiwo Victor Ojapinwa 

Taiwo Victor Ojapinwa holds a Ph.D Economics degree of the University of Lagos. He is currently a Lecturer in the Department of Economics of the University of Lagos, Nigeria.  Ojapinwa is the winner of the best Ph.D Thesis in economics by the Nigerian Economic Society for the 2014/2015 academic session. He specialises in micro and macro-economics, development economics and growth and economic transformation. He has attended several seminars and workshops both locally and internationally. To his credit, he has many local and international publications. He was a visiting research fellow of the African Economic Research Consortium and African Development Bank research programme.

 


 

 Anthonia Taye Odeleye

Anthonia Taye Odeleye holds a PhD Economics degree from University of Ibadan, Nigeria under the Collaborative PhD Programme (CPP), for the Sub-Saharan African (SSA) Countries, of the African Economic Research Consortium (AERC), Nairobi, Kenya. with specialty in monetary/financial economics. She earlier had an M. Sc. degree in Economics from University of Lagos, Nigeria and a B Sc.(Economics) from former Ondo State University, Ado-Ekiti, Nigeria. She is currently a Lecturer in the Department of Economics of the University of Lagos. She has published widely in very reputable local and international journals. She also authored a book titled ‘Nigerian Economy in Perspective and is a member of professional bodies such as the Nigerian Economic Society and Association for the Advancement of African Women Economists (AAAWE). She was formerly a Lecturer at Caleb University, Lagos. She has reviewed articles for a good number of journals such as the African Development Review (African Development Bank Journal) among others. She was an award winner of CODESRIA Small Grants Programme for Ph.D Thesis Writing, 2012. She was a Visiting Research Fellow in AERC/AFDB Scholars’ Exchange Programme for Research and Mentorship Fellowship organised by African Economic Research Consortium (AERC)/African Development Bank at the Development Research Department of African Development Bank, Headquarters, Abidjan, Cote d’Ivoire (4th May- 31st July, 2016).

 


 

 Matthew Babatope Ogunniyi 

Matthew Babatope Ogunniyi holds a B.Sc. (Hons.) Mathematics from University of Ilorin, an M.Sc. Statistics, M.Sc. Economics and a Ph.D Economics degree from the University of Lagos. He is currently a Lecturer in the Department of Economics of the University of Lagos. He has teaching/lecturing experience spanning more than three decades. He has a strong passion for imparting knowledge. He began his career as a mathematician, later as a statistician and finally as an economist. He has published well locally and internationally, and has attended many conferences within and beyond the shore of Nigeria. His specialty cuts across development, industrial and monetary economics.

  


 

  

ASSOCIATE RESEARCH FELLOWS (MEMBERS) 

  1. Professor Akpan Ekpo, Director-General, West African Institute for Financial and Economic Management, WAIFEM, Lagos
  2. Professor Olu Ajakaiye, Chairman, African Centre for Shared Development Capacity Building (ACSDCB), Ibadan
  3. Professor Juliet Elu, Morehouse College, Atlanta, USA
  4. Professor Douglason Omotor, West African Institute for Financial and Economic Management, WAIFEM, Lagos

 

 

 

 

 

 

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