Adedapo T. Adenekan, PhD

Home Address: ** ******* *****, ********** ** 21208

Telephone: +1-443-***-****; E-mail: adwmy6@r.postjobfree.com

CAREER SUMMARY

Adedapo Adenekan is a professional economist with more than ten years of central banking and international experience at the level of executive management, leadership, operations execution, report and corporate services. He was engaged with the Central Bank of Nigeria (CBN), from 2015 to 2022, where he served at various capacities as the Head of Economic and Social Indicators Office; Oil, Gas and Solid Minerals Office; and Publication and Editorial Unit. He was a Board Member and the Managing Editor of the CBN Economic and Financial Review and the CBN Brief from 2019 to 2022. Before joining the CBN, he was the Country Economist for Nigeria (Senior Level Position), from 2010 to 2015, at the West African Monetary Institute (WAMI)—an organization established to undertake the technical preparation for the West African Central Bank, toward the launching of a single currency for the West African Monetary Zone (WAMZ). Adedapo led or participated in several teams on macroeconomic surveillance and analyses of economies, covering real, fiscal, monetary, financial and trade sectors and policies in Nigeria and other assigned Member-States in the WAMZ (The Gambia, Ghana, Guinea, Liberia and Sierra Leone).

Adedapo has diverse working experience in an international and multicultural environment, including the Baltimore County Human Relation Commission and Maryland State Police Department (Intelligence Division). He also worked in the Academia as a Visiting or Adjunct Professor at Towson University and Morgan State University over the years. He is pride with the passion to deliver quality education and commitment to students’ success. A dynamic team-oriented character, Adedapo has strong leadership skills and the commitment to always serve with utmost integrity. He has published widely in several articles in peer-reviewed journals.

EDUCATION

PhD Economics, Fordham University, Bronx New York

M. A. Economics; B. Sc. Economics, Morgan State University, Baltimore Maryland

N. C. E. (Econs. & Pol. Sc.), Ogun State College of Education, Ijebu-Ode, Ogun State, Nigeria

RESEARCH AND MANAGEMENT EXPERIENCE

Central Bank of Nigeria, Corporate Headquarters, Abuja, Nigeria —September 2015 to September 2022

Status: Full-time Contract Staff (Deputy Director Equivalent)

DEPARTMENT: Research

Positions Held: Head, Economic and Social Indicators Office (ESIO) (2015 – 2019)

Head, Publication and Editorial Unit (2019 – 2021)

Managing Editor, CBN Economic and Financial Review (2019 – 2021)

Managing Editor, CBN Brief (2021-2022 Editions)

Responsibilities:

Coordinated the staff and led the research activities on the impact of government policies on the country’s economic conditions

Analyzed policy issues on economic and social indicators, such as growth, inflation, poverty, unemployment, housing, education, transports and other cross cutting variables

Prepared position papers on behalf of the Bank

Conducted research on price developments and formulate measures for achievement of price stability

Reviewed and assessed economic conditions report and appraisal of policies on utilities and infrastructure on annual, half-yearly, quarterly or monthly basis

Served as a resource person for article reviews, seminars, conferences and lectures

Participated in collaborative or special research studies with external agencies and other institutions

West African Monetary Institute (WAMI), Gulf House, Accra, Ghana -- January 2010 to August 2015

Position: Country Economist (Senior Level Position)

DEPARTMENTS: Multilateral Surveillance; Financial Sector Integration

Responsibilities

Broad responsibilities include serving as the Country Economist (Nigeria), conducting multilateral surveillance missions for the assessment of the macroeconomic convergence criteria and other economic indicators toward the attainment of monetary union in the West African Monetary Zone (WAMZ)

Specific duties in the Multilateral Surveillance Department

Liaised with the Monetary and Fiscal Authorities in Nigeria and other assigned Member-States to underscore the consideration of the WAMZ convergence criteria in policy design and implementation;

Gathered, processes and analyzes data on economic and socio-political developments in Nigeria;

Monitored the macroeconomic developments and progress towards the macroeconomic convergence in Nigeria and other Member-States;

Undertook the statutory Half-Year and Annual Macroeconomic Missions to Nigeria and other Member States;

Established and maintained close collaboration with regional and non-regional institutions to facilitate financial sector integration and development in the Zone, including the Stock Exchanges, Securities and Exchange Commissions, Deposit Money Banks, Non-bank Financial Institutions, Member States’ Central Banks, ECOWAS Commission, International Monetary Fund (IMF) and World Bank;

Prepared quarterly, bi-annual and annual convergence reports and proposed policy recommendations for the Nigerian authorities;

Undertook research studies on economic and financial issues of relevance to the WAMZ programme;

Specific duties in the Financial Sector Integration Department

Coordinated departmental activities and all preparatory efforts toward capital markets integration and development in the Zone;

Contributed and engaged in editorial activities toward to the publication of the Financial Stability Report series for the Zone;

Involved in coordinating activities of the College of Supervisors of the WAMZ (CSWAMZ);

Prepared working papers and other research studies on financial sector issues in the WAMZ;

Assisted in consulting and communicating with the relevant stakeholders on the possibility and modalities for quoting and trading in WAMZ member states’ local currencies;

Baltimore County Human Relations Commission, Towson, MD—Dec. 1998 - 2000 & Apr 2004 - 2009

Position: Research Analyst/Intergroup Relations Specialist

Duties and Responsibilities

Coordinated all research activities of the Baltimore County Human Relations Commission;

Contributed to the development of strategic plans and designs for sourcing and identifying mortgage investments opportunity, removing impediments to fair housing choice, evaluating and structuring investment proposals;

Planned, organized, and conducted seminars and training sessions for housing sectors stakeholder in Baltimore Count—mortgage lenders, realtors, home buyers, tenant associations, and other agencies and institutions involved in community home buyer programs;

Conducted investigations and studies on the mortgage lending patterns of the financial institutions providing mortgages and home improvement loans in Baltimore County to ensure conformity with the Home Mortgage Disclosure Acts (HMDA);

Supervised the staff and students interns attached to the Commission.

Maryland State Police (Intelligence Division), Baltimore, MD — July 1995 to August 1997

Position: Research Analyst

Duties and Responsibilities

Created, maintained, and managed the statistical database on hate-bias incidents and crimes, drug interdictions and enforcements, missing children and auto-theft;

Prepared the monthly, quarterly, and annual reports on the trends and assessment of hate-bias incidents and crimes, and highway drug interdictions;

Served as the desk editor for “Intelligence Update,” a publication by the Maryland State Police;

Represented the Intelligence Division on inter-agency working groups, and regularly featured as presenter or panelist at various conferences or seminars involving the division.

ACADEMIC/TEACHING EXPERIENCE

Towson University, York Road, Towson, MD

Visiting Assistant Professor (Economics Department): 2008 to 2009 Academic Session

Adjunct Lecturer (Economics Department): 1999 to 2008

Lectured the undergraduate students in Statistics for Business and Economics, Money and Banking, and Financial Markets and Institutions, Principles of Micro- and Macroeconomics,

Provided academic advisement to students;

Participated in inter-departmental projects as assigned;

Engaged in personal research activities toward publication in peer refereed journal

Morgan State University, Baltimore, MD

Assistant Professor (Economics Department): August 2000 to May 2003

Lectured the undergraduate and graduate students in statistics, econometrics, international economics;

Provided academic advisement to students, and engaged in various community development projects;

Engaged in research studies and projects toward publications;

Worked with various committees in the economics department and involved in other cross departmental projects

SELECTED PUBLICATIONS

Does interaction between technological innovation and natural resource rent impact environmental degradation in newly industrialized countries? New evidence from method of moments quantile regression (with Adebayo T., Akadiri, S. and Usman, N.), Environmental Science and Pollution Research (Published Online: November 2021 – https://doi.org/10.1007/s11356-021-17631-y);

Oil Price, Exchange Rate and Stock Market Performance in Nigeria (with Hilili, M. and Okereke, A.), CBN Economic and Financial Review, Vol. 58, Number 4, December 2020;

Does Consumer Confidence Influence Macroeconomic Outcome (with Nkang, N. and Belonwu, M.) CBN Economic and Financial Review, Vol. 58, Number 3, September 2020;

The Changing Structure of the Nigerian Economy, (Team Lead, Chapter 4 (pages 79 – 305), Edited by Uwatt, B. and Adebiyi, M), Third Edition, 2020;

The Impact of Exchange Rate Volatility on Naira Exchange Rate in Nigeria (with Sanni G, K and Itodo, A. I.), CBN Economic and Financial Review, Vol. 57, Number 3, September 2019;

National Health Insurance Scheme (NHIS) Implementation in Nigeria: Issues, Challenges and Way Forward (with Amao, B and Nagado H.), CBN Bullion, Vol. 41, Number 1, 2007 (available at https://dc.cbn.gov.ng/bullion/vol41/iss1/2;

Investigating the Relationship Among Broad Money Velocity, Inflation and Nominal Output Growth in Nigeria, CBN Economic and Financial Review, Vol. 54, Number 4, December 2016;

An Empirical Investigation into the Monetary Policy Transmission Mechanism in Nigeria (with Chris Ahortor), The West African Economic Review, Vol. 2, No. 1, June 2013;

On the Inflation and Inflation-Uncertainty Hypothesis in the West African Monetary Zone (WAMZ) Economies, West African Journal of Financial and Economic Management, Vol. 9, Number 1, June 2012;

Political Business Cycles and Macroeconomic Convergence in the WAMZ: The Case of Ghana and Nigeria (with Tarawalie, A., Ahortor, C., and Conte, M.) West African Journal of Monetary and Economic Integration, Vol. 11, No. 1, June 2011;

Framework for Quoting and Trading WAMZ Currencies: (with E., Onwioduokit, E., Umo, M., and Mansaray, K.): WAMI Occasional Paper No. 3, June 2013.

Capital Account Liberalization and Growth in the WAMZ: An Empirical Analysis, (With Egbuna, E., Onwiodoukit, E., Mansaray, K. and Umo, M.), International Journal of Economics and Finance, Vol. 5, No. 12, 2013;

Quoting and Trading in WAMZ Currencies: Challenges and Way Forward (with Egbuna, E., Onwioduokit, E., Umo, M., and Mansaray, K.): WAMI Occasional Paper Series, No.3, June 2012;

An Estimate of Inflation Threshold in the West African Monetary Zone: The Case of Nigeria and Ghana (with C. Ahortor and M. Ohemeng), West African Journal of Monetary and Economic Integration, Vol. 10, No. 2, December 2010;

Inflation Dynamics in a Developing Economy: An Error Correction Approach (with Gladson Nwanna), African Review of Money Finance and Banking, 2004;

Lending Discrimination in Maryland: HMDA Data Reveals a Perambulatory Progress, The Journal of Intergroup Relations, Fall 2004;

Mortgage Lending Pattern in Baltimore County: Analysis of HMDA Data, 1997 through 1999, Baltimore County Human Relations Commission Report, July 2000.

OTHER PROGRAM CERTIFICATES

Macroeconomic Management and Natural Resource Management; International Monetary Fund (IMF)’s Institute for Capacity Development, Washington, DC, February 24 – March 7, 2014. [Workshop Sponsored by the IMF];

Public Expenditure Programming and Management Center for Management Development, Lagos – Nigeria, September 16 – 20, 2013, [(Workshop Sponsored by African Capacity Building Foundation (ACBF)];

Macroeconomic Modelling and Forecasting for Monetary Policy for Directors of Reaserch and Senior Economists Lagos – Nigeria, November 26 – 30, 2012, [(Workshop Sponsored by African Capacity Building Foundation (ACBF)];

Optimizing Reserves and Foreign Exchange Management for Income Generations, Lagos – Nigeria, March 7 – 11, 2011, [(Workshop Sponsored by West African Institute for Financial and Economic Management (WAIFEM)];

Exchange Rate Misalignment in ECOWAS: Impact on the Single Currency Project, Accra – Ghana, February 28 – March 1, 2011, [Seminar Co-Sponsored by Central Bank of Ghana and West African Monetary Agency (WAMA)];

Liquidity Forecasting and Fiscal Monetary Management, Banjul – The Gambia, August 2 – 6, 2010, [(Workshop Sponsored by West African Institute for Financial and Economic Management (WAIFEM)];

Balance of Payments and International Investment Position (IIP) Statistics, Banjul - The Gambia, April 19 – 30, 2010 [Workshop Co-sponsored by International Monetary Fund (IMF) and West African Institute for Financial and Economic Management (WAIFEM)];

Anti-Money Laundering Overview for Nigeria, Online, Certificate of Achievement by Banker’s Academy and The Edcomm Group, USA.

PROFESSIONAL MEMBERSHIP/BOARD AND OTHER APPOINTMENTS

Member, African Finance and Economic Association

Member, (2007 - 2008), Baltimore County Community Conservation and Housing Task Force

Member, Advisory Council (2005 – 2006), Towson University Multicultural Institute

Member, Strategic Planning Committee, (2005), Immigration and Outreach Service Center, Baltimore Maryland

Board Member, Franchise Association of West Africa, (FAWA), Maryland

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