History 

The Department of Economics was established in 1977 to offer the B.Sc. Degree in Economics.  The Department was under the then Faculty of Arts and Social Sciences between 1977 and 1981, and later Faculty of Business and Social Sciences. With the splitting of Faculty of Business and Social Sciences into Faculty of Management Sciences and Faculty of Social Sciences in 2014, Department of Economics now belongs to the Faculty of Social Sciences.

At inception, the Department had seven (7) lecturers.  In terms of rank, three of the lecturers were Lecturer II and the others Assistant Lecturer.  By qualification, three of the lecturers had Ph.D, two had M.Sc. and the remaining two had B.Sc. (First Class).  By nationality, five of the lecturers were Nigerians and two expatriates.  Only one of the foundation staff is still in the Department.  He is Prof. I. O. Taiwo.

Between 1977 and 1990 the number of lecturers ranged between seven and nine.  In 1990, the Department had ten lecturers which was a record.  In 1991, five lecturers resigned their appointments for various reasons, making the staffing situation precarious.  The Department has since recovered, with the staff strength currently at nineteen and a number of applications in the pipeline (see Table 1 for current staff list).

At early years of its establishment, Dr. I. I. Ihimodu coordinated the affairs of the Department, while substantive headship lay with the Dean of the Faculty.  The Department had a substantive head from its own staff for the first time in 1980, namely Dr. G.N. Anyatonwu.  Dr. Anyatonwu died in 1983 and Dr. P.N. Mehotra, an Indian, became the Head.  Subsequently the headship of the Department is as follows:

Philosophy

The philosophy underlying the B.Sc. Economics programme is to empower graduates in economics and allied disciplines with a view to resolving social, economic and political problems, not only in domestic affairs, but also in international affairs at large.

Objectives

  • To develop and improve students’ understanding of social problems and the application of this understanding to a variety of environments in general  and the Nigerian economy in particular;
  • To develop the student’s critical judgments, ability to observe, understand and analyse information on socio-economic problems using social science methods and techniques;
  • To develop the student’s creativity and development-inducing values such as hard work, probity, commitment, patriotism and discipline;
  • To train manpower for the Nigerian economy and promote the spirit of self-reliance.