Welcome to the Department of Economics

As-salam alaekum 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 wide range of job opportunities in the research, banking, finance, education, insurance, and public sectors. They also have opportunity to work with international organizations including World Bank, IMF, AfDB, among others. Currently, the Department runs B.Sc., PGD, M.Sc., MAE, and PhD programmes in Economics.

About the Department

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).

• Mission

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

• Vision

  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.