AFOLABI OLUBUNMI ADEJUMO FCA, PhD

*** ****, ****** **, *******, MB R7A 7X1. Phone Number: 204-***-****

Email: ad4dwq@r.postjobfree.com

Profile

• Financial professional with broad experience in all aspects of accounting, auditing, taxation, financial planning and analysis and management.

• Extensive experience in economic management with strong mastery of fiscal policy formulation and implementation.

• Expert in capital budgeting, revenue forecasting and assurance.

• Excellent customer service experience.

• Strong interpersonal and leadership skills: Communication, active listening, empathy and patience. Adept in identifying and utilizing available resources, deconstructing the process required for learning a particular skill, and experimenting with potential approaches.

• I am internationally educated, chartered accountant and seasoned economist with several years of public financial management experience. Member, of the Chartered Institute of Securities & Investment (CISI), United Kingdom, and a Fellow of the Institute of Chartered Accountants of Nigeria. I am currently working on conversion to CPA.

• Broad experience in national and subnational governments and several global institutions including the World Bank, United Nations Development Programme, European Union and the United Nations Economic Commission for Africa among others.

• Proficiency in computer productivity and accounting applications such as Microsoft Office

(Word, Excel, Outlook and PowerPoint), Stata, SAP ERP, Microsoft Navision. Employment History

Jun 2023 - Date Development Finance Consultant, Development Initiatives United Nations Development Programme (UNDP)

Sep 2022 - Dec 2023 Public Financial Management Consultant, the World Bank (Accelerating Nutrition Results in Nigeria)

Apr 2016 –Sept 2022 Fiscal Policy Advisor, Budget Office of the Federation), Ministry of Finance, Budget & National Planning, Nigeria

Jun 15 - Mar 16 Lead Economist, Nigeria Infrastructure Advisory Facility (NIAF), Ministry of Finance, Kaduna State, Nigeria.

2013 - May 15 Financial Economist, Office of the Chief Economic Adviser to the President 2010 - 2013 Chief Financial Officer, Infinity Trust Mortgage Bank Plc, Nigeria 2006 - 2010 Management Accountant & Internal Auditor, Lonestar Drilling Nigeria Limited, Port Harcourt, Nigeria

1999 - 2006 Lecturer, Federal University of Education, Ondo, Nigeria 1998 - 1999 Internal Control Officer, United Bank for Africa Plc, Kano. Nigeria. Selected Experience

Development Finance Consultant: Development Initiatives June 2023 – Present Conducted sub-national development finance assessment in Nigeria. Specifically, I led State Assessment team that :

• Mapped the financing landscape covering all types of finance .

• Assessed State government's existing financing strategies, policies and institutional structures to establish a baseline for the building blocks of an Integrated National Financing Framework (INFF) Public Financial Management Consultant, September 2022 – December, 2023 The World Bank (Accelerating Nutrition Results in Nigeria)

• Established the benchmark for estimating optimal nutrition budgets allocation after a public expenditure review for nutrition sector in Nigeria.

• Formulated a nutrition budget tagging framework to track spending on nutrition programmes covered in the N294bn National Multisectoral Plan of Action for Food and Nutrition (NMPFAN).

• Coordinated country wide implementation of the Nutrition Budget Tagging in Nigeria Fiscal Policy Advisor, Budget Office of the Apr 2016 –Sept 2022 Federation), Ministry of Finance, Budget & National Planning, Nigeria

• Championed Climate Change and Gender Mainstreaming in Public Financial Management in Nigeria.

• Advocated for the establishment of the Customer Service Centre/ Budget Help Desk at the Federal Ministry of Finance in Nigeria and served as the pioneer manager.

• Lead role in the development of the Accelerating Revenue Mobilization Reforms (ARMOR) Programme, a World-Bank assisted fiscal Programme to improve Domestic Resource Mobilization (DRM), to its approval by the Federal Executive Council in Nigeria.

• Key Team member of Technical Review Team appointed to review and update draft chapters of the 2021-25 Medium-Term National Development Plan (MTNDP) with focus on the macroeconomic framework.

• Lead role in the implementation of the 2020 Finance Bill and development of the 2021, 2022 and 2023 Finance Bills to improve tax laws and support DRM efforts to grow non-oil revenues.

• Lead role in the design of initiatives aimed at reducing the fiscal and negative socio-economic impact of the subsidy on Petroleum Motor Spirit (PMS).

• Spearheaded the preparation of annual budgets, Medium Term Fiscal Framework (MTEF), Medium Term Sector Strategy MTSS).

• Coordinated the formulation and implementation of Public Finance Management (PFM) Reforms. Evaluated program and policy changes to determine their fiscal impact and to assure compliance with federal and state requirements.

• Represented the Federal Government on many Boards and Councils including the Capital Markets Masterplan Implementation Council (CAMMIC) Lead Economist, Nigeria Infrastructure Jun 2015 - Mar 2016 Advisory Facility (NIAF), Ministry Finance, Kaduna State, Nigeria.

• Led the team that conducted a review of 2015 Budget for the new Administration in Kaduna State, Nigeria.

• Undertook a review of all ongoing projects in the State with a view to selecting Priority Projects for funding in the 2016 State Budget.

• Contributed to the development of Kaduna State Development Plan. Financial Economist, Office of the Chief Aug 2013- May, 2015 Economic Adviser to the President

• Provided in-depth technical support for the preparation of key documents, high-level speech and aide-memoire for Mr. President for the design of policies to enhance sustainable development.

• Developed and maintained relationships with key agencies such as National Bureau of Statistics, Central Bank of Nigeria, for data gathering and sharing.

• Spearheaded the establishment of a framework for screening capital projects for annual budgets, framework was later to be adopted by the Federal and State Governments in Nigeria

• Led detailed financial and economic analysis of policies, programmes, and projects of the government of Nigeria.

• Key player in the design and implementation of critical budgetary and other public sector reforms including the Automobile and Sugar Industries in Nigeria, which are currently being implemented and yielding desired outcomes.

• Key member of the Nigerian team that negotiated the Economic Partnership Agreement (EPA) with the European Union and Nigeria’s World Bank/IMF Country Partnership Strategy.

• Carried out objective and evidence-based research on all aspects of the Nigerian economy in order to assist the President in formulating sound national and international economic strategies and policies.

• Prepared briefing notes and official speeches for the President’s engagement Chief Financial Officer, Infinity Trust Jan 2010 - Jul 2013 Mortgage Bank Plc Abuja, Nigeria.

• Financial Controller of a multi-branch financial institution having overall responsibility for Administrative and Finance functions; Budget Strategy Formulation, Preparation and Monitoring. Application of budgeting guidelines, processes, methods and schedules to prepare and update organizational budget.

• Conducted Variance Analysis & Reporting. Responsibilities in this role included the following: Liaison with External Auditors and other professional service providers.

• Superintend over Treasury and Investment, Credit & Risk, and Regulatory Compliance functions of the Bank.

• Managed the financial reporting system of the Bank, regulatory reporting to relevant Tax and other regulatory authorities Federal Inland Revenue Service (FIRS), Central Bank of Nigeria

(CBN), Nigerian Deposit Insurance Corporation (NDIC). Management Accountant & Audit, Lonestar Drilling (Shell Nigeria O&M)

• Key Member of the finance team at Lonestar Drilling Nigeria where he anchored the Management and Project Accounting functions.

• Cost Control, Receivable and Payable Management, Clients Liaison, Budget Monitoring and Analysis.

• Conducted various analysis, meetings and justifications leading to the syndication of $150 million loan for rig refurbishing projects at Superior Derricks LLC USA and managed the contract relationships with NPDC, Shell, NAOC and SINOPEC/ADDAX.

• Collated and analysed financial information for projects, following up with technical team to conduct Non-Productive Time (NPT) analysis. Transactions Processing involving maintaining Cost & Profit Centre’s in the IT system, performing project accounting within project scope and budget; processing cost centre postings, distribution, and allocation in accordance with policy; processing customers’ invoices.

• Internal Auditor and Compliance Officer at Lonestar Drilling Nigeria. Community Involvement

Chairman, Cedar Buds School, Abuja Nigeria

• Chairs the Board of Governors of the school, providing strategic leadership for the school.

• Providing mentoring opportunities for teachers and non-teaching staff of the school Finance and Pastoral Care Volunteer Jan 2010 – December 2023 The Redeemed Christian Church of God, Abuja, Nigeria.

• Created accounting system to prepare financial statements, maintained accurate accounting, cost control and cost recovery systems to ensure proper record keeping.

• Provide guidance and counselling services to members.

• Supervised and trained the executives on the use of Microsoft excel in the generation of certain financial reports for accurate record keeping.

Selected Publications

Adejumo, Afolabi; Ikhide, Sylvanus; Malatsi, Ditebogo; (2023) Capital Inflows and The Real Exchange Rate In Nigeria

International Economics and Economic Policy (Accepted for publication) Adejumo A.O (2020) Exchange Rate Fluctuations and Sectoral Performance Of The Nigerian Economy (1980- 2016)

European Journal of Economics and Business Studies (Accepted for publication) Adejumo A.O (2019) Effects and Transmission Channels of Remittances on Tradable Sectors in Nigeria

African Journal of Science, Technology, Innovation and Development https://www.tandfonline.com/doi/abs/10.1080/20421338.2019.1611209 Adejumo A.O (2019) The Effects of Remittance Inflows on Exchange Rates in Nigeria. International Journal of Developing Areas https://ideas.repec.org/a/jda/journl/vol.53year2019issue2pp1- 15.html

Adejumo A.O (2017) Remittance Inflows, Real Exchange Rate Movements and Sectoral Performance in Nigeria.

European Journal of Economics and Business Studies http://journals.euser.org/index.php/ejes/article/view/1784 Adejumo A.O; (2017) Transmission Channels of Remittance to Tradable and Non-Tradable Sectors in Nigeria.

Journal Economics and Sustainable Development

https://www.iiste.org/Journals/index.php/JEDS/search/authors/view?firstName=AFOLABI&mi ddleName=&lastName=ADEJUMO&affiliation=&country=

Education and Qualifications

Qualifications

PhD Economic & Management Sciences (Development Finance) Stellenbosch University. MSc Economics University of Ibadan, Nigeria

MBA Federal University of Technology, Akure, Nigeria BSc Accounting Obafemi Awolowo University, Ile Ife Certificate in Evidence in Public Policy, University of Oxford, United Kingdom Certificate in Multidimensional Poverty Measurement, University of Oxford Certificate, Building State Capacity (PFM Capacity in Africa), Harvard University, USA Certificate in Housing Finance. Wharton Business School, University of Pennsylvania, OTHER PROFESSIONAL QUALIFICATIONS

Fellow. F.C.A {Institute of Chartered Accountants of Nigeria (ICAN)} (2006) Associate Member, A.C.T.I {Chartered Institute of Taxation of Nigeria (CITN)} (2011) Professional Member, PIOR {The Institute of Operational Risk (IOR), United Kingdom

(2011) Associate Member, ACSI {Chartered Institute of Securities & Investment (CISI), United Kingdom)} (2012)

Country

Experience

Nigeria, South Africa, United Kingdom

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