HOD’S WELCOME ADDRESS
Compliments of the Joyous season everybody!!!
Welcome to the Department of Economics at the University of Ibadan. It is a great privilege that God has given me to lead this great Department as Head at this time. This is a department that is very dear to me; for the past three decades, I have been part of its growth and development. I have loved the department so much that one of my strongest desires was to one day lead it to new frontiers of excellence building on the solid foundation of the early fathers of the department who took time to nurture it and place it on the global map of excellence. The department, with its sound research, teaching and community service culture, promises to continue to produce sound Economics graduates who are worthy in character and sound judgment.
I congratulate all past and present students of the department as well as those who would be fortunate enough to be part of its brighter future. The department has trained, mentored, nurtured and produced and is still producing global economists and other social scientists, national and international civil and public servants, business leaders and entrepreneurs, credible politicians, government functionaries and a broad range of professionals.
The department’s academic staff members teach and conduct research in diverse areas of Economics such as microeconomics, macroeconomics, labor economics, econometrics, monetary economics, industrial organization, development economics and other related areas. Our academic staff members not only regularly publish their research in top-ranked academic journals but have been invited to serve as strategic council members of the Nigerian Economic Society and as policy advisers to government at the highest level. The expertise of our staff has translated into high quality instruction at both the undergraduate and graduate levels and has helped produce graduates that serve creditably at the national and global levels.
Our graduate programme, which includes the Collaborative Ph. D. Programme under the African Economic Research Consortium management and funding, trains Ph.D.. students to produce rigorous and innovative economic research, and to become excellent teachers and policy makers.
As a result of its strategic role of producing competent graduates for academic departments of other universities, for the industry and for government, our Department of Economics was selected as one of the three Centers of Excellence by the Central Bank of Nigeria (CBN) to be given special capacity building funding for five years in the first instance. Both the physical and other infrastructure for the Center of Excellence is currently being built with close collaboration and strong support of the CBN. Recently, due to the growth that the department has recorded both in number and quality of output, the University of Ibadan Senate approved the transformation of the department into a Faculty of Economics. This is a welcome development for which the department has been applauded. With the new Faculty and the CBN Center of Excellence, the department is set to drastically increase its productivity in quantity and in quality.
The department has had an impressive history, with many distinguished economists having served as Heads of the Department, beginning with Professor R.H Barback in 1958 and Professor Ojetunji Aboyade in 1966 as the first Nigerian. I am proud to follow the list of outstanding Heads of Department who have provided wise and capable leadership for the department. It is my desire to also make notable impact and to leave behind as Head of the Department, an indelible mark of excellence, to the glory of God. As soon as I assumed office as Head, I led the entire staff members (academic and non-academic) on a two-day brainstorming retreat to, among others things, build consensus among key stakeholders on a clear vision, mission and future for the Department for the next ten years; to brainstorm about the future directions of the department’s academic and non-teaching programmes; to agree on clear strategies, policies, programmes for achieving the goals of the department and the resources required to achieve success; agree on implementation plan, on monitoring and evaluation plan for the activities of the department. The retreat also helped us to plan for a seamless transition from the Department of Economics to a Faculty of Economics. It is one of my desires that after the retreat, the department now, and when it becomes a Faculty, would grow in relevance, efficiency, effectiveness and in building sound relationships with its stakeholders.
Given its very bright future and the great things the department plans to do in the next few years, I am more excited than any time in the last three decades to be part of the Department of Economics.
On behalf of every member of the department, I thank all past Heads of Department for their contribution to building the foundation upon which I am called to build. I wish all of them God’s blessings and more successes in their future endeavors. I look forward to working with academic and non-academic staff, students, alumni and other stakeholders, to build on the work of my predecessors and continue the great tradition of excellence for which the Department of Economics is known.
May the Lord bless the Department of Economics, the University of Ibadan and Nigeria. Amen.
E. O. Ogunkola
Professor and Head of Economics