Department of Economics


Tirimisiyu F. Oloko (Ph.D)

Head, Department of Arabic and Islamic Studies

Welcome to the Department of Economics

As-salam alaykum warahmatullahi wabarakatuhu.

I welcome you to the Department of Economics, Fountain University of Osogbo, where we produce high-quality economics graduates. Our lecturers are motivated, friendly, and highly impactful. Our learning environment is conducive, and our resource materials are competitive. Economics is part of our daily lives as we constantly need to rationalize limited available resources to meet our unlimited wants. Economics training at Fountain University equips our graduates with essential knowledge of economics theories and practical understanding of efficient or optimal resource allocation and utilization in different areas of economic application; such as Development Economics, Energy Economics, International Economics, Monetary and Financial Economics, Labour Economics, Environmental Economics, among others. Our graduates do not only understand and analyze economic issues, they understand how to demystify and explain complex economic problems and recommend solutions in non-technical terms.

As an Islamic faith-based university, the Department of Economics, Fountain University, Osogbo specifically focuses on Islamic economics and its application at individual and national levels. We prioritize computer application in teaching of quantitative aspects economic training, which is equipping our students with quality analytical and computer-based problem-solving skills. We also focus on micro, sub-national economic developments, which enhances understanding of state-level economic performance. Our graduates have a wide range of job opportunities in the research, banking, finance, education, insurance, and public sectors. They also have the opportunity to work with international organizations including the World Bank, IMF, and AfDB, among others. Currently, the Department runs B.Sc., PGD, M.Sc., MAE, and PhD programmes in Economics.

About the Department

Our History

The Department of Economics is one of the pioneer departments in Fountain University. It started as a programme under the Department of Economics and Financial Studies which consisted of four programmes; Economics, Banking and Finance, Business Administration and Accounting. The Department of Economics and Financial Studies was unbundled and the Department of Economics became autonomous immediately after the NUC accreditation exercise in the year 2015 where the Department obtained a full accreditation status and the NUC recommended that the programme should resume as a full-fledge Department in 2015. It was after then that programme came to prominence as a Department and thereafter referred to as the Department of Economics. Another accreditation exercise was held in May 2021 and the Department was also granted the full accreditation status. The pioneer Head of the Department was Late Professor Hakeem Ishola Mobolaji (2009-2015). The Department was later headed by Dr. Taofeek Olusola Ayinde (2015-2022), Mrs Bushrah A. Ali-Balogun (2022-2023), and is currently under the headship of Dr. Tirimisiyu F. Oloko (Oct 2023-Present).



The philosophy of the Department is to impact economic knowledge in a friendly and conducive environment, and to equip economic graduates with critical skills and abilities to: abstract using simplified models that identify the essence of a problem; analyse and reason - both deductively and inductively; 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.


Our mission is to produce God-fearing economists who would become economic policy leaders and top managers of private and public resources, with the ability to manage in a socially efficient manner, without compromising adequate rewards for private efficiency.


The vision of the Department is to become Nigeria’s best and globally recognized Economics Department, leading in conventional economic research and in state-level and Islamic economics research and training.

Student Population

In the 2022/23 academic session, the Department has 41 undergraduate and no postgraduate students. In the 2023/2024 session, the number of students in the Department increased to 52, consisting of 43 undergraduate students and 9 postgraduate students. The postgraduate students enrolled in three programmes; Postgraduate Diploma (PGD), M.Sc. Economics, and MPhil/PhD Economics.

Our Programmes | Admission

  1. Bachelor of Science Degree (B.Sc.) in Economics
  2. Postgraduate Diploma (PGD) in Economics
  3. Master of Science Degree (M.Sc.) in Economics
  4. Master of Applied Economics (MAE) in (Area of Specialization) – Professional Masters
  5. Doctor of Philosophy Degree (PhD) in Economics

Candidates for admission into the four – year degree in Economics should possess a Senior Secondary School Certificate, General Certificate of Education, NECO or their equivalents with at least five credit passes, at not more than two sittings including Mathematics, English Language and Economics. In addition, candidates must have acceptable passes in UTME.

Candidates for Direct Entry admission shall possess five credits in GCE, SSCE, NECO, or their equivalents, of which at least two shall be at Advanced Level, provided that such passes are not counted at both levels of the examination. For emphasis, credit passes in English Language, Mathematics and Economics are required.

The Department allows for inter-university transfer from other NUC-approved Universities and of same course or other related courses. Inter-university transfer in same course (i.e. Economics) is possible but subject to screening of academic profile to date. In this regard, the Transcript of the applicant would be evaluated to ascertain the suitability to the level upon which the inter-university application is based. Also, inter-university transfer from other related courses such as Accounting, Business Administration, Finance, Computer Science, Mathematics and Statistics are possible but subject to the strength of transcript.

Our Staff

Professor Abdulateef Usman


Contact Info

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+234(0)7088955676 +234(0)7063357968

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