Bowen University

Excellence and godliness

The BSc. Economics programme at Bowen University commenced on 4th November, 2002 in the then Department with the first intake of 61 students into the B.Sc. Economics degree programme which was run as one of the six programmes in the Faculty of Social and Management Sciences. The other programmes include Accounting, Banking and Finance, Business Administration, Sociology, and Human Communications. A new Department of Accounting and Banking & Finance was carved out of the original Department at the beginning of 2003/2004 while the other was called Department of Economics and Business Administration. However, in line with the recommendation of the National Universities Commission (NUC) visitation panel, an autonomous Department of Economics was established by senate in November 2006. Since the 61 students enrolled for Economics in 2002, the Department has continued to attract more students into the programme; presently there are about 420 students undergoing the undergraduate programme in the Department. Just very recent, in 2014 precisely, the Department commenced the MSc Economics programme after the much expected NUC accreditation team’s approval.

The Department moved to its permanent site from the old campus in 2010. The staff offices and lecture rooms at the permanent site are modern and spacious than what was available in the past. Similarly, the staff strength has increased from 14 to 19.


The department is designed to produce graduates who will be equipped to man key positions in both public and private practices. Their training will help them to address issues related to the economy as well as other areas of development.

From a general viewpoint, the BSc. Economics programme provides exposure to concepts and theories of economic analysis and research methods, which have practical application in the global workplace.

Specifically, the programme is designed to:

i. Develop and improve students’ understanding of economics at various stages of development;
ii. Develop the students’ critical judgment, their ability to observe, understand, analyse and synthesize data on socio-economic issues, using relevant techniques in economics that will enable him to make his contribution objectively, and towards national development;
iii. Provide appropriate environment that enables the students of economics to raise their level of creativity and promote the spirit of self-reliance.


3.1 General

3.1.1 University Matriculation Exam (UME)

(a) Credits at SSCE, GCE, NECO or approved equivalents in at least 5 subjects which must include English and Mathematics and any other three as may be specified by each Faculty.
(b) The 5 Credits should be obtained in not more than two sittings and must have been obtained within the last 5 years.
(c) Candidates awaiting results may apply.
(d) All applicants will be required to go through Bowen University’s Screening Exercise without which a candidate will not be offered admission into the University.
(e) Interested candidates who have applied to the JAMB for admission and wish to change their first choice to Bowen University are required to:
(i) apply for change of institution through JAMB
(ii) obtain the BOWEN UNIVERSITY application form
(iii) participate in the screening exercise
(f) All applicants are required to obtain JAMB forms as well as BOWEN UNIVERSITY application forms before they can qualify for the screening exercise.

1.1.2 Direct Entry

(a) NCE, OND and approved equivalents in relevant fields and at least the Upper Credit level;
(b) Two Advanced Level subjects;
(c) The Interim Joint Matriculations Board (IJMB) at acceptable grade levels.
(d) In addition to the two Advanced Level papers to be specified by the Faculty or programme, candidates must have credits in three other relevant Ordinary Level subjects.

3.2 Department Admission Requirements

3.2.1 Degree Option –BSc. Economics

3.2.2 Admission Requirements
SSCE/GCE/Ordinary Level Subjects

The five SSCE/GCE/Ordinary Level credits to include English Language, Mathematics, Economics, one other Social Science subject and any other subject.

3.2.3 UME Subjects – English Language, Mathematics, Economics and any other Social Science subject.
3.2.4 Direct Entry

a. NCE, OND and approved equivalents in relevant subject(s) will be accepted.
b. Two Advanced Level passes which must include Economics for programme in Economics
c. GCE Advanced Level/IJMB/NCE/OND.


Students are advised to refer to the Bowen University Academic Prospectus 2012-2017 for details of procedure for registration, matriculation and regulations governing the award of Bachelor’s Degree and conduct of examinations.


4.2.1 Grading System A Student’s performance in any course recorded in both figure and letter grades. A student’s semester performance shall be translated into the Grade Point Average (GPA) A student’s semester GPA is computed by multiplying the Grade Point (GP) attained in each course by the course credits to obtain the weighted Grade Point (WGP); the WGP is then summed up and the sum is divided by the total number of credits taken during the semester.

i.e. GP = ∑WGP when Ci = credit for each course taken
∑Ci The marks in figures and the corresponding letter grades and Grade Point (GP) are as follows:
% Scores        Letter Grade       Grade Point
70 - 100                     A                         5
60 – 69                      B                         4
50 – 59                      C                         3
45 – 49                      D                         2
40 – 44                      E                          1
0 – 39                        F                          0 A student’s Cumulative Grade Point Average (CGPA) is the up-to-date average of the WGP. To compute the CGPA of a student.
(a) Multiply the GP by the respective course credit earned to obtain the WGP obtained by the student for each course in a programme of study over the years.
(b) Add up the WGP for all the courses taken in all semesters.
(c) Divide the sum of the WGP by the total number of credits for all the courses registered for whether passed or failed by the student.
4.3 Classification of Degrees

Five classes of degrees shall be awarded based on the CGPA as follows:

Class of Degree                      Range of CGPA
First Class                                 4.50 – 5.00
Second Class (Upper Division)    3.50 – 4.49
Second Class (Lower Division)    2.40 – 3.49
Third Class                                1.50 – 2.39
Pass                                         1.00 – 1.49

4.4 Academic Standing and Probation
4.4.1 For a student to be in good academic standing (i.e. to be allowed to proceed in his/her degree programme), he/she must earn a CGPA of not less than 1.00 at the end of each academic year.
4.4.2 A student who obtains a CGPA of 0.25 or less in any particular year shall be asked to withdraw from the University.
4.4.3 A student whose CGPA is more than 0.25 but less than 1.00 at the end of the student’s first academic year shall be put on probation I.
4.4.4 A student on probation I whose CGPA is less than 1.00 at the end of the first semester of the subsequent session shall be put on probation II.
4.4.5 A student on probation II whose CGPA is less than 1.00 at the end of the second semester of the subsequent session shall normally be asked to withdraw from the University.

4.5 Maximum Time Permitted for a Degree Programme
4.5.1 For the award of a classified degree, a student shall not normally be permitted to spend more than two extra sessions in excess of the period specified for any degree programme.
4.5.2 A student who has spent more than 2 sessions above the minimum shall normally be awarded a pass degree.

4.6 Continuous Absence from the University
4.6.1 A student who absents himself/herself continuously from lectures or the University for upwards of three weeks without a written permission shall normally be deemed to have voluntarily withdrawn from the University.
4.6.2 The attention of Senate shall be drawn to such a case by the Faculty and Senate decision shall be communicated to the student and parents/guardians by the Registrar.






Prof. Bankole ONI B.Sc (Ibadan), Dip. in Demography (Cairo), M.Sc, Ph.D (Ibadan). Human Resource and Labour Economics Professor
Prof. Akinola .A. OWOSEKUN B.A. Calif. State, Ph.D. Claremont Calif. International Economics& Public Finance. Professor and Dean of the Faculty
Prof. E.C. NDEKWU B.Sc, M.Sc (Wales, UK), Ph.D. Monetary and International Economics Professor
Prof. J.A. FABAYO* B.Sc (Ife), M.Sc (Purdue), Ph.D(West Lafayette USA). Mathematical Economics Professor
Prof. R.O SOETAN** B.Sc(Ibadan),M.Sc &,Ph.D (Manchester). Business Economics, Industrial Economics & Gender Economics Professor
Dr. (Mrs.) O.O. ADENIKINJU Ɨ B.Sc (Ibadan), M.Sc (York), Ph.D Econ (Ibadan), FCA, ACIT, MNES Financial Economics, Corporate Governance Reader & HOD Accounting
Dr. M.O. EGBUWALO B.Ed Econs (Ibadan), M.Sc (Lagos), Ph.D (FUTA) Monetary Economics, Development Economics, and Health Economics Lecturer I
Mr.S.A. OLOWOSEUNRE B.Sc Ed (Econs), MBA, PGD, M.Sc, MNIM (Ife). Development Economics

Lecturer I

Mrs. P.I. AJAYI B.Sc, M.Sc (Ibadan)

Energy Economics,

Gender Issues

Lecturer I
Mr. A. ADEOYE Ɨ Ɨ B.Sc., M.Sc (Ibadan).

Macroeconomics, Econometrics,

and Mathematical Economics

Lecturer II
Mr. J.A. AREMU B.Sc(Ife), MBA (Holland), MED CD Proj. Analysis Industrialization, Finance Development, Labour Economics Lecturer II


B.Sc,M.Sc (Ife).

Labour Economics, Statistics and Development Economics Lecturer II
Mr. E.O. ADELEKE B.Sc., M.Sc (Ilorin). Mathematical Economics and Development Economics Assistant Lecturer
Mr. O.B. ABERE B.Sc. M.Sc (UNAD). Mathematical Economics and Econometrics Assistant Lecturer
Mr. A.S. AKANDE B.Sc (Bowen), M.Sc (Ibadan) Mathematical Economics, Econometrics, Energy Economics & Quantitative Technique Assistant Lecturer
Mr. S.A. ALO B.Sc (Bowen)

Macroeconomics, Econometrics,

and Mathematical Economics

Graduate Assistant
Mrs. E.O. OLAGUNJU B.Sc (Bowen) Human Resource, Labour Economics and Environment. Graduate Assistant

  * Associate Lecturer

** Sabbatical
Ɨ Currently, the HOD of Accounting Department
Ɨ Ɨ Study leave




Name of Staff


Post Qualification

Work Experience

Mrs. E.A. OLADEJO. NCE 10 years Typist I


Students are allocated to academic staff as advisers, especially on academic matters. They also have free access to the Head of Department for any problem that touches on their academic progress in the university.

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Bowen University Iwo, Osun State. All Rights Reserved.