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Dept of Economics


Welcome Message from the HOD


alex

Dr AA Alexander
HOD
Profile!

Welcome to Department of Economics, the Engine of Development. The main objective of the department is to develop the capacities latent in students and coordinate their expression for the enrichment and progress of the nation and the global community, through training in research in an intellectual environment.

In pursuit of the objective, this site provides accurate and authoritative information in regard to the curriculum, admission requirements, and other necessary information for the students and staff of the department, and members of the public who may wish to apply into any programme in the department, as a guide to be graduates worthy in character and in learning, towards contributing to the development of the nation.

Brief History of the Department of Economics


At inception in 1985, the department commenced as a department of Economics, awarding only B.Sc degree in Economics. In 1987 the department was changed to the Department of Economics and Management Sciences as a result of the introduction of B.Sc degree programme in Accounting. However, following the restricting of NDA academic programme in 2002, a combined degree programme in Economics/Accounting was introduced in place of the initial separate degree programmes in Economics and Accounting.

The National Universities Commission Resource Verification Team visited the department in December 2007 to access unapproved/new academic programme. After the verification and assessment exercise, the National Universities Commission gave approval for the splitting of the combined degree programme in Economics/Accounting into separate degree programmes in Economics and Accounting respectively.

Aims and Objectives of the Department

The aim of the Department is to produce graduates (Officer Cadets) and postgraduate students who are able to proffer solution to socio-economic problems that affect the Nigerian Armed Forces and the society at large. The degree Programmes have been designed to achieve the following objectives:

1. To provide students with balanced academic curriculum of study this will enable them to contribute effectively to the operational needs of the Armed Forces of the Federal Republic of Nigeria.

2. To produce competent professional officers who will be economists, financial and management experts.

3. To prepare students to qualify and become members of local and international professional bodies such as Nigerian Economic Society, the Institute of Chartered Accountants of Nigeria, Nigerian Institute of Management, Nigerian Institute of Bankers, Nigerian Institute of Personnel Management, and Association of National Accountants of Nigeria among others.

4. To create an intellectually exciting and supportive workplace environment in which high quality, internationally recognized research and teaching in accounting, economics and related disciplines are produced and disseminated.

Philosophy of the Department

The philosophy underlying the work of the Department of Economics and Management Sciences is to produce a flow of officer cadets and students imbued with capabilities to make their contribution to the Nigerian Armed Forces, the Nigerian and African community and the World at large, by exposing them to current development and specialized knowledge in the fields of Economics, Accounting, Banking and Finance and Business Administration.

Strategy of the Department

The mission of the Department is to train and equip officer cadets through lectures, seminars, tutorials, and academic field trips, with relevant knowledge and skills that will position them to be leaders in the Nigerian Armed Forces and also contribute to the economic and financial growth of this great country, Nigeria.

 

Personnel Administration

The Head of Department (HOD) who is at the apex of the administrative structure is appointed by the Commandant on the recommendation of the Academy Provost on consultation with the Dean of the Faculty.

The HOD assists the Dean in the day to day administration of the Faculty and has overall responsibility in the Department for: research work, teaching and ensuring efficient standards, advice on curriculum enhancement, assisting the Dean in respect of day to day discipline of members of staff of the Department, supervising and coordinating their work, advising on the evaluation of qualification and experiences of prospective members of staff for appointment in the Department; administration of departmental property; serving in standing and ad hoc administrative, policy and planning committees etc.

In executing these responsibilities, the HOD works through the Departmental Board, Departmental Committee, and Departmental officers. In this way, ideas are generated for overall development of the Department and the Faculty. Apart from the Departmental Board of Studies and Examiners which meet regularly, there are standing committees headed by Departmental staff officers on Curriculum, Seminar, Time Table, Research Project, Welfare, Examination, Liaison and Counseling, Cadets’ Course Registration, Departmental Research, etc, which report regularly on issues of particular importance for discussion at regular departmental meeting. Decisions are taken by consensus and acted upon subject to the limits of the existing regulations and resources of the Academy.

 

Undergraduate Programme


The Degree Programme aims at producing graduate officers (Officer Cadets) who are able to proffer solution to socio – economic problems that affect the Nigerian Armed Forces and the society at large.

Admission Requirements

The minimum requirements for admission to B.Sc degree in Econmomics in the Nigerian Defence Academy are similar to those of other Federal Universities in Nigeria. Candidates must possess a Senior Secondary School Certificate, (WAEC/NECO), General Certificate of Education or their equivalents with not less than five credits including English Language, Economics and Mathematics. Admission is through competitive examination and interview

Postgraduate Programmes


1. Postgraduate Diploma

Postgraduate Diploma in Economics (PGDE)

2. Academic Masters Degree:

Masters of Science in Economics (M.Sc Economics)

3. Professional Masters Degrees:

  • Masters of Financial Economics (MFE)
  • Masters of Industrial and Labour Relations (MILR)

4. Doctor of Philosophy:

Doctor of Philosophy in Economics (Ph.D Economics)

Postgraduate Diploma in Economics


The objective of this programme is to provide undergraduate degree holders, who are not currently eligible to pursue a Master’s degree in Economics, an opportunity to attain a greater knowledge in the field of economics. Students of the programme are assessed on the basis of coursework. The postgraduate diploma programme allows students to learn economics in a comprehensive manner, providing them with the knowledge to understand contemporary economic issues and the necessary skills to respond rationally to current economic problems. It will also provide the junior lecturers, who are not qualified to teach at the Masters degree programme, the opportunity as a stepping stone to develop the knowledge, skills and attitudes towards teaching postgraduate classes.

Admission Requirements

The criteria for admission into the Post Graduate Diploma programme in Economics are as follows:
a. Candidates must have at least five credit passes including English Language and Mathematics at O’level
b. Candidates with Bachelor’s Degree of not less than 3rd class honour degree from any recognised university
c. Candidates with HND in courses cognate to Economics from any recognized institution with not less than lower credit.

Mode of Study

The PGD programme is to be run only on part-time basis.

Duration of the programme

A full time PGD programme shall run for a minimum of two (2) semesters and a maximum of four (4) semesters.

Master of Science Degree (M.Sc) in Economics


The department is charged with the responsibility to produce master degree holders in Economics, with strong moral courage and creative critical and resourceful minds. These qualities are developed through an astute combination of the academic and military training curriculum. The Armed Forces today work with both men and machines, and serves in Nigeria and abroad, it needs officers whose education has provided them with a firm grasp of the realities of social sciences, sciences, engineering, and understanding of mankind.

Admission Requirements

A candidate seeking admission into the Master’s degree programme shall be a graduate of the Nigerian Defence Academy or any other recognized university whose Economics programme is accredited by the NUC. In addition:

(i) Candidate must satisfy the matriculation requirements of the Nigerian Defence Academy with five (5) credits passes at SSCE level, which must include English language, Mathematics, Economics and any other two (2) relevant social sciences subjects.
ii) Candidates with a minimum of second class lower degree and a CGPA of 3.00 on a five point scale.
iii) Candidates with a Post Graduate Diploma degree from a cognate discipline awarded by a recognized institution with not less than an upper credit.
Duration of Programme
i) A full time Master of Science (M.Sc) in Economics shall run for a minimum of four (4) semesters and a maximum of six (6) semesters.
ii) For extension beyond the specified maximum period, permission of the Postgraduate School shall be required.

Requirement for Graduation

To be awarded a Master of Science Degree in Economics, a candidate must pass all the courses in the two semesters

Master in Financial Economics(MFE)


The Master of Financial Economics (MFE) provides academically distinguished and industry-oriented students the opportunity to obtain a rigorous, graduate level finance and economics training in an intensive two-year program. The demand for highly skilled experts in financial economics continues to increase rapidly in the modern economy. This demand exists in the public sector (central banks, international organisations, academic institutions) and especially in the private sector (commercial banks and insurance companies).
This programme offers an interdisciplinary training in economics and finance for a career in international finance within the international banking system, international corporations and public sector agencies such as ministries of finance and the Central Bank.
MFE promotes a distinct approach to considering relevant problems and issues in international economics and Finance, and to proactively devise and undertake coherent research problems, by appropriate analytical techniques.

Programme Goals

The goal of the program is to provide students with the quantitative and theoretical tools for a successful career in finance with potential employers such as investment and commercial banks, pension funds, hedge funds, mutual funds, consulting firms, and policy-oriented organizations. In a competitive job market, the technical skills and analytical expertise gained are increasingly valuable.

Philosophy

In line with the National Universities Commission (NUC) minimum benchmark for Postgraduate programmes, the Masters of Financial is designed to meet this demand for those students who seek a quantitative degree in financial economics, by combining a solid training in microeconomic and macroeconomic principles, as well as the quantitative methods and theory needed for the analysis of financial markets.

Admission Requirements

The criteria for admission into the Masters of Financial Economics are as follows:
a. Graduates of Nigerian Defence Academy and any other degrees recognized by the National University Commission in cognate discipline not lower than Second Class Lower (2.2) degree.
b. First Degree in Economics, Accounting, Finance, Business Management, Marketing of any other recognized University with pass at not less than Second Class Honour (Lower Division).
c. Credit in five O’level subjects including Mathematics and English language obtained at not more than two (2) sittings.

Mode of Study

The MFE programme is to be run only on part-time basis.

Duration of the programme

A Part time MFE programme shall run for a minimum of four (4) semesters and a maximum of six (6) semesters.

Credit Load for the MFE Programme

The required minimum credits to qualify a candidate for the award of the MFE degree is 69. This includes a research project of 6 credit units. Students may choose a minimum of three courses from the electives according to their chosen area of specialization. Research projects will be on topic chosen from the candidates’ area of specialization and approved by the Department and PG School. On the completion of the project work, the supervisor shall recommend the student to the Department for the oral defence of the project

Masters in Industrial and Labour Relation


The general philosophy is to develop the mind, impart both theoretical and practical knowledge on individuals, to develop self-confidence, innovativeness and self-reliance in designing, implementing and controlling human resource and industrial relations policies and practices.

Philosophy

In line with the National Universities Commission (NUC) minimum benchmark for Postgraduate programmes, the Masters of Industrial and Labour Relations is designed to develop the mind, impart both theoretical and practical knowledge on individuals, to develop self-confidence, innovativeness and self-reliance in designing, implementing and controlling human resource and industrial relations policies and practices.

Admission Requirements

The criteria for admission into the Masters of Industrial and Labour Relations are as follows:
a. Graduates of Nigerian Defence Academy and any other degrees recognized by the National University Commission in cognate discipline not lower than Second Class Lower (2.2) degree.
b. First Degree in Economics, Accounting, Finance, Business Management, Marketing of any other recognized University with pass at not less than Second Class Honour (Lower Division).
c. Credit in five O’level subjects including Mathematics and English language obtained at not more than two (2) sittings

Mode of Study

The MILR programme is to be run only on part-time basis.

Duration of the programme

A Part time MILR programme shall run for a minimum of four (4) semesters and a maximum of six (6) semesters.

Credit Load for the MILR Programme

The required minimum credits to qualify a candidate for the award of the MILR degree is 69. This includes a research project of 6 credit units. Students may choose a minimum of three courses from the electives according to their chosen area of specialization. Research projects will be on topic chosen from the candidates’ area of specialization and approved by the Department and PG School. On the completion of the project work, the supervisor shall recommend the student to the Department for the oral defence of the project

Doctor of Philosophy (Ph.D) in Economics


The key objective of the PhD programmes is to train and develop highly professional economists, preparing and building up their independent intellectual capacity for sustainable and creative useful careers in teaching and research in higher institution of learning, research and administration in research institutes, government, non-governmental/national and international organisations, business organisations and specialized consultancy services.

Admission Requirements

All candidates must:

  • Possess NDA minimum requirement for B.Sc degree in Economics.
  • Have obtained a Bachelor’s degree from an approved university whose Economic programme is accredited by NUC.
  • Have a minimum of a Second Class Lower degree in the discipline.
  • Hold a Master’s degree in Economics with a CGPA of at least 4.0 on a 5.0 point scale.
  • Submit a brief satisfactory statement of intended area of research.

Duration of the Programme

The duration of the PhD programme shall be:

A minimum of six (6) semesters and a maximum of eight (8) semesters. The course work would be for one academic session, and shall be taken only on a full-time basis.

Requirements for Graduation

Doctorate (Ph.D) programme shall primarily be by Course Work, minimum of (12 units), Seminars (6 units). A Doctoral (Ph.D) Thesis of 12 credit units must be defended before a panel of examiners of professional status.

Students Enrolment:

This shall be subject to the carrying capacity of the Department bearing in mind staff workload and facilities available.

Areas of Specialisation for Doctorate (Ph.D.) in Economics:

  • Development Economics
  • Finance and Public Sector Economics
  • Energy Economics
  • Monetary Economics
  • Defence Economics
  • International Economics

Compulsory Courses:

  • Advanced Microeconomic
  • Advanced Macroeconomics
  • Research Methods
  • Econometrics

Approval of Thesis Proposal

  • A student admitted for Master’s or PhD degree shall with the first year of registration submit and defend a proposal of the research interest of his/her choice before the Departmental Postgraduate committee. When approved, the proposal shall be forwarded to the PG School committee through the Faculty Postgraduate Committee.
  • The Departmental Postgraduate committee will then complete the appropriate forms for registration of title of proposed research and list of supervisors, and forward same to the Dean of Postgraduate School through the Faculty Postgraduate Committee for approval.
  • The title of thesis and the supervisor(s) once approved cannot be changed without the approvals of the PG School committee.

 STAFF PROFILE

S/N Name Qualification Rank
1 Dr AA Alexander Ph.D Economics Assoc.Prof
2 Prof CI Egwaikhide Ph.D Economics Professor
3 Dr ZS Saheed Ph.D Economics Assoc. Prof
4 Dr S Sa’ad Ph.D Economics Senior Lecturer
5 Dr (Mrs) BKU Farouk Ph.D Management Senior Lecturer
6 Mr. S. Ayodeji M.Sc Economics Lecturer I
7 MG Danpome M.Sc Economic Lecturer I
8 Mrs C. Iluno M.Sc Finance Lecturer I
9 A.A. Ibrahim M.Sc Economics Lecturer II
10 Maj MI Shafa MSc Economics Lecturer II
11 Mrs J Yakubu M.Sc Economics   Asst Lect
12 Mr D Dahoro MSc Economics Asst Lect
13 I.S. Oyefabi MSc Economics Asst Lect

Chronicle of Past Heads of Department

S/N Name Period
1. Dr SO Olanrewaju B.Sc; M.Sc; PhD October; 1985 – September; 1986
2. Prof. AA Aderinto; B.Sc; M.A; PhD October; 1986 – September; 1990
3. Dr. CCS Okeke; B.Sc; M.Sc; MBA October; 1990 – September; 1995
4. Prof. AA Aderinto; B.Sc; M.A; PhD October; 1995 – September; 1996
5. Dr. CCS Okeke; B.Sc; M.Sc; MBA October; 1996 – October; 1998
6. Prof. AA Aderinto; B.Sc; M.A; PhD October; 1998 – September; 2001
7. Dr. CCS Okeke; B.Sc; M.Sc; MBA October; 2001 – September; 2002
8. Prof. AA Aderinto; B.Sc; M.A; PhD October; 2002 – October; 2004
9. Dr. Chris I. Egwaikhide; B.Sc; M.Sc; Ph.D October; 2004 – September; 2005
10. Dr. CCS Okeke; B.Sc; M.Sc; MBA October; 2005 – October; 2006
11. Dr. Chris I. Egwaikhide; B.Sc; M.Sc; Ph.D October; 2006 – January; 2011
12. Dr S. Sa’ad; B.Sc; M.Sc; Ph.D January; 2011 – October; 2012
13. Prof. Chris I. Egwaikhide; B.Sc; M.Sc; Ph.D October; 2012 – November; 2015
14. Dr. ZS Saheed; B.Sc; M.Sc; Ph.D; FMNES; FCAI November; 2015 -November;2016
14. Dr. AA Alexander; B.Sc; M.Sc; Ph.D; November; 2016 -Date

 

 

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Department of Economics

Faculty of Arts and Social Sciences

Nigerian Defence Academy

PMB 2109, Kaduna, Nigeria