Department of Economics

The Department was previously named Department of Economics and Financial Studies. During this time, it houses various programmes such as Economics, Banking and Finance, Business Administration and Accounting. Immediately after the NUC accreditation exercise in the year 2015 where the Department had full accreditation status, the regulatory body recommended that all the programmes under the Department of Economics and Financial Studies, including Economics, should have full autonomous status. It was since that that the then programme came to prominence as a Department and thereafter referred to as the Department of Economics. Lending credence to the suitability of the NUC recommendation that the programme should resume as a full-fledge Department in 2015, another accreditation exercise in May 2021 also grant the Department full accreditation status. The first Head of the Department was the Late Professor Hakeem Ishola MOBOLAJI and currently under the headship of Dr. Taofeek Olusola AYINDE.

• Philosophy

The philosophy and mission statement underlying the Economics programmes  of  Nigerian Universities is to produce graduates  equipped  with critical  skills  and  abilities to : abstract using simplified models that identify the essence of a problem; analyse   and   reason – both   deductively   and inductively; marshal evidence, assimilate structure and analyse qualitative and quantitative   data;  communicate concisely the  results  to  a wide audience, including those with  no  training  in  Economics; think  critically about  the limits of  one’s  analysis  in a  broader socio-economic  context;  and  draw economic  policy  inferences  and  to  recognise  the  potential constraints in their implementation.

Aims and Objectives