• Bagudu, Muhtar, Olusi, Okpanachi, Adegbulugbe, Jalingo, Elu, and Tule Among Distinguished Economists Conferred as Fellows
The Nigerian Economic Society (NES) hosted its Maiden Award and Gala Night, a highly anticipated event that gathered Nigeria’s leading economists, policymakers, and distinguished guests to celebrate excellence in economics and policy development. Held in Abuja, this landmark occasion marked a significant chapter for the Society, which has played a vital role in shaping Nigeria’s economic landscape since 1957.
In his welcome address, the President and Chairman of the NES Governing Council, Professor Adeola Adenikinju, emphasized the historical significance of the event, noting that it was “more than just a celebration, but a collective commitment to the progress of our nation.” He commended the dedication of both veteran and newly inducted members for their tireless efforts in advancing economic thought in Nigeria.
Founded in London by Nigerian-trained economists, the NES has grown into one of the most prestigious professional bodies in the country, providing invaluable insights to Nigeria’s economic policymakers. The keynote speaker praised the Society’s resilience, highlighting its role in navigating Nigeria’s economic complexities over the past six decades and shaping policies that continue to drive national development.
The Gala Night followed two days of academic presentations, roundtable discussions, and debates centered around the theme Socio-Economic Development in Nigeria: Imperatives, Implications, and Impacts. The sessions fostered deep intellectual engagement, offering fresh ideas and solutions to Nigeria’s most pressing economic challenges.
Announcing a Bold Vision: N1 Billion Research Development Fund
A key highlight of the evening was the announcement of the NES Research Development Fund, with an initial capital of N1 billion. This fund is intended to support young academics and generate research that provides evidence-based solutions to Nigeria’s economic issues.
Professor Adenikinju expressed his pride in this initiative, stating, “By investing in research, we are investing in the future of Nigeria.” She called on corporate entities and individuals to contribute to the fund, recognizing early donors like Professor Anthony Adegbulugbe, who made the largest individual donation, and Dr. Olasupo Olusi of the Bank of Industry (BOI).
Honouring Excellence: New Fellows and Award Recipients
One of the major moments of the evening was the recognition of newly conferred NES Fellows, who have made significant contributions to Nigeria’s economic development. These esteemed individuals included Professor Ummu Jalingo, Professor Anthony Adegbulugbe, Professor Juliet Elu, Dr. Mansur Muktar, Dr. Tony Okpanachi, and Senator Abubakar Atiku Bagudu. Each honouree was celebrated for their dedication to economic research and policy advancement.
Additionally, the NES conferred its Lifetime Distinguished Service Award on Chief Philip Asiodu, Chairman of the College of Fellows and Past Presidents, for his enduring contributions to the Society. Other notable awardees included Professor Tunji Olaopa, Chairman of the Federal Civil Service Commission, and Dr. Godwin Ehigiamusoe, founder of LAPO Community Bank, both recipients of the Distinguished NES Economic Service Award.
Chairman of the Occasion: Bello Hassan’s Address on Socio-Economic Progress
The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, served as the Chairman of the Award and Fellowship session, where he delivered a powerful address. Highlighting the essential role of economists in Nigeria’s socio-economic progress, Mr. Hassan remarked on the theme of the conference, “Socio-Economic Development in Nigeria: Imperatives, Implications, and Impacts,” and how it resonates with the country’s current challenges.
“The discussions and recommendations from this conference will undoubtedly shape policies that promote sustainable economic growth,” he said. Mr. Hassan also stressed the importance of research-based policy recommendations to ensure sound and unbiased decisions that foster economic stability.
Reflecting on the NDIC’s mandate, Mr. Hassan reiterated the Corporation’s commitment to depositor confidence and the financial stability of Nigeria. He noted the reciprocal relationship between sound economic policies and financial sector development, emphasizing the NDIC’s role in maintaining this balance.
Mr. Hassan commended NES’s contributions to financial sector policies and pledged continued collaboration between NDIC and NES to achieve shared national development goals.
Beyond the awards and recognitions, the event provided a platform for networking and collaboration. Professor Adenikinju urged attendees to “celebrate not just what we do, but who we are,” while underscoring the critical role of partnerships in driving Nigeria’s economic development.
As the event concluded, Professor Adenikinju expressed his gratitude to the NES Governing Council, the organizing committee, awardees, and all attendees. He urged continued support for the Society’s initiatives, reiterating that the NES remains committed to fostering economic progress in Nigeria.
The night ended with a toast to a bright future for the NES and Nigeria’s economy, as attendees celebrated a new era of innovation and collaboration in economic development.
