Dons Proffer Solutions to Africa’s Challenges at UBA Professorial Lecture

Some university lecturers have suggested the adoption of strategic policy actions drive economic prosperity in Africa.

The academics who spoke during the first Lecture Series of the UBA Professorial Chair in Finance at the University of Lagos (UNILAG) recently, listed other policy measures and strategies that could bring about far reaching results.

These include instituting stable macro-economic policies, the adoption of supply-side strategies, capital market development, enhancement of banking and financial system, liberalisation of the economy, privatisation and reduced government dominance of economic management, democracy and good governance, human capital development, policy co-ordination and enabling the multilateral environment.

According to them, these polices are capable of creating a sustainable path towards the socio-cultural, economic and political development of the continent.

The Professor of Finance and Chairman, UBA Professorial Chair, UNILAG, Prof. John Ezike was joined by the Head of Department, Economics, UNILAG, Prof. Risikat Dauda and Senior Lecturer, Finance Department UNILAG, Dr Olalekan Obademi, as they took turns in making contributions on the theme: ‘The Dynamic Structure of World

Economy from Globalisation to Slowbalisation: The African Dilemma.’

Ezike, who led the discourse, explained that the global economy, “is currently witnessing the fourth wave of revolution in civilisation, which is the movement towards deglobalisation or Slobalisation, adding that countries that have not benefitted from globalisation are those that fail to implement sound macroeconomic measures to maintain financial and exchange stability.”

He said, “It behoves countries in sub Saharan –Africa, therefore, to strive to adopt policies that are in consonance with the realities of the rapid integration of world economies.