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Curriculum Vitae
PROFESSOR MILTON IYOHA
March 2018
PRESENT POSITION
Professor of Economics (Adjunct)
Department of Economics and Statistics
University of Benin
Benin City
Nigeria
IMMEDIATE PAST POSITION
Visiting Research Scholar
Research Department
Central Bank of Nigeria
Abuja, Nigeria
PREVIOUS POSITION
Dean, College of Business and Management Studies &
Professor of Business Administration and Economics
Igbinedion University, Okada
Edo State, Nigeria
PREVIOUS POSITION
Dean, Faculty of Social Sciences
University of Benin
Benin City, Nigeria
PREVIOUS POSITION
Chief Economist
Nigerian Economic Summit Group
Lagos
Nigeria
PREVIOUS POSITION
Visiting Research Fellow
Research Department
International Monetary Fund
Washington, D. C.
USA
EMAIL [email protected] or [email protected]
WEBSITE http://www.iyoha.com
Telephone
+234 803 573 3559
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EDUCATION Ph.D. (Econ.), Yale University, USA, 1970
M.A. (Econ.), Yale University, USA, 1967
B.A. summa cum laude (Hons.) (Econ.), Oberlin, USA, 1966
AREAS OF SPECIALIZATION Macroeconomic Theory and Monetary Policy
Applied Econometrics and Statistics
International Trade and Regional Integration
Development and Growth Economics
Fiscal Policy and Public Debt Management
HONOURS AND AWARDS
AWARDS
Oba Erediauwa’s Award for Excellence (30 December, 2011)
PSR Development in Nigeria Merit Award: The 6th Development in Nigeria Merit Award,
Abuja (20 May, 2006)
The Nigerian Economic Society: Certificate of Life Membership. 18 May, 1989
SCHOLASTIC HONOURS Summa Cum Laude
Phi Beta Kappa
INTERNATIONAL CONSULTANCY
African Capacity Building Foundation (ACBF), 2004-2012
African Development Bank (AfDB)
African Economic Research Consortium (AERC), 1997-2007
African Forum and Network on Debt and Development (AFRODAD), 2005-present
International Labour Organisation (ILO), 1996, 1999-2000
International Monetary Fund (IMF), 1999-2000, 2003
JFE Consultant (Nairobi, Kenya) 1997 & 1998
National Centre for Economic and Management Administration (NCEMA), 1988-2002
United Nations Development Programme (UNDP), 1994-1995, 2002
United Nations Economic Commission for Africa (UNECA), 1991 (Economic Affairs Officer,
SERP Division)
West African Monetary Institute (WAMI), 2001
West African Institute for Financial and Economic Management (WAIFEM), 2001-present
World Bank, 1993-94, 2001-2003, 2006-2010
FELLOWSHIPS
African Scholarship Program of American Universities (ASPAU), 1963-1966
Brookings Research Fellow in Economics, 1969-1970
Harold Stonier Fellow in International Economics at Yale University, 1967 & 1968
IMF Research Fellow, 1999 & 2001
CBN Research Fellow, 2009/2010
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PROFESSIONAL AFFILIATIONS African Econometric Society
Nigerian Economic Society (Life Member)
Vice President, 1996-1997
Nigerian Statistical Association
West African Economic Association
EDITORIAL POSITIONS HELD
Co-ordinating Editor, West African Social and Management Sciences Review, 2011-present
Consulting Editor, West African Financial and Economic Review, 2002-present
Editor-in-Chief, Journal of Arts and Social Sciences, 2007-2008
Editor, Nigerian Economic and Financial Review, 2000 - 2006
Associate Editor, Nigerian Journal of Economic and Social Studies, 1976-81
RESEARCH GRANTS
African Economic Research Consortium (AERC) Research Grant, 1996 & 2001
University of Benin Research Grant 1976-1977, 1990-1991 & 1994-1995
State University of New York at Buffalo Faculty Research Fellowship, 1971 & 1972
SERVICE TO THE NATION
Member, Board of Governors of the National Institute for Policy and Strategic Studies
(NIPSS), Kuru, Jos, 1993-1994
Member, Edo State Economic and Social Advisory Council (EDESAC), 1992-1994
Member, Bendel State Development and Economic Recovery Advisory Council (BDERAC),
1984-1991
Member, Committee on Guidelines for Members of Boards of Government-owned Companies,
Corporations and Parastatals in Bendel State, 1984
Member, Governing Council of the Institute of Continuing Education, Benin City, 1976-1979
Member, Administrative Committee of Inquiry into the Auchi Polytechnic, 1975-1976
EXTERNAL EXAMINER I have served as an External Examiner for the B.Sc. (Econs.), M.Sc. (Econs.), or Ph.D
(Econs.) examinations for:
University of Cape Town, South Africa
University of KwaZulu Natal, South Africa
University of Ghana, Legon, Ghana University of Cape Coast, Cape Coast, Ghana
University of Ibadan, Ibadan
University of Lagos, Lagos
Ahmadu Bello University, Zaria
University of Nigeria, Nsukka
Obafemi Awolowo University, Ile-Ife
University of Calabar, Calabar
University of Jos, Jos
University of Abuja, Abuja
Bayero University, Kano
Benson Idahosa University, GRA, Benin City
Wellspring University, Ikhiri, Benin City
Western Delta University, Oghara, Nigeria
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UNIVERSITY SERVICE
UNIBEN:
Member of Senate, 1975-2012
Chairman, Library and Routine Publications Committee, 1986-1988, 1992
Member, Management Board of the Computer Science Centre, 1988-1990
Chairman, Senate Panel of Investigation into the Midnight Disturbances by Students on
Wednesday 20th May, 1987 (June - October, 1987)
University of Benin Representative on the Panel of Assessors for the Standard Bank of Nigeria
Undergraduate Essay Competition 1976-1986
University of Benin Representative on the Nigerian Council for Management Education and
Training, 1975-1976
SUNY, Buffalo, USA:
Member of the African Studies Committee, 1973-1975
Faculty Advisor, Omicron Delta Epsilon, 1973-1975
INAUGURAL LECTURE
“When will Africa’s sleeping giant awake?”
Inaugural Lecture, University of Benin, May 19, 2005.
EVALUATION OF MANUSCRIPTS
Ahmadu Bello University Press, Zaria, Nigeria
Ethiope Publishing Company, Benin City
State University of New York Press, USA
TECHNICAL REPORTS
"Macro-economic policies for full employment in Nigeria", Background Report for International
Labour Organization, 1996.
"Macroeconomic policies and employment prospects in Africa", Background Report for
International Labour Organization, 1996.
"The impact of the Structural Adjustment Programme (SAP) on agriculture in Nigeria", Final
Report, University of Benin Research Grant, 1994.
“Nigeria and the millennium development goals: A progress report on the attainment of MDG
goal number eight.” Background paper for AFRODAD. Harare, Zimbabwe, 2005.
PUBLICATIONS
(a) BOOKS
Ekanem, O. T. and M. A. Iyoha (2015). Microeconomic Theory. Third Edition. Benin City:
Mareh Publishers.
Ekanem, O. T., M. A. Iyoha and H. T. Kanwanye (2015). Introductory Econometrics. Third
Edition. Benin City: Mareh Publishers.
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Ekanem, O. T. and M. A. Iyoha (2015). Mathematical Economics: An Introduction, Third
Edition. Benin City: Mareh Publishers.
Amadasu, D.E. and M.A. Iyoha (2012). Banking Theory and Practice. Lagos: Rally Height
Publishing.
Kouassi, E., M. A. Iyoha, O. T. Ekanem, S. Guobadia and A. Barimah (2012). Readings in
Microeconomics. Second Edition. Benin City: Mindex Publishing.
Amadasu, D.E. and M.A. Iyoha (2012). Financial Institutions and Markets: A Book of
Readings. Lagos: Rally Height Publishing.
Amadasu, D.E. and M.A. Iyoha (2012). Theory of Corporate Finance and Policy ( Business
Finance). Lagos: Rally Height Publishing.
Iyoha, M. A. and S. A. Igbatayo (2008). The Challenges of Sustainable Growth and Poverty
Reduction in Nigeria. Benin City: Mindex Publishing.
Iyoha, M. A. (2007). Intermediate Macroeconomics. Benin City: Mindex Publishing.
Amadasu, D.E. and M.A. Iyoha (2006). Comparative Banking Systems. Benin City:
Findcompwev Ltd.
Amadasu, D.E. and M.A. Iyoha (2006). Economic Development (Nigeria, Africa, Third World) A
Collection of Readings. Benin City: Findcompwec Ltd.
Amadasu, D.E. and M.A. Iyoha (2006). Finaancial Systems (Analysis, Comparative Study, Case
Study); (A Collection of Contributors, Extracts and Readings). Benin City: Findcompwec
Ltd.
Iyoha, M. A. and A. O. Unugbro (2005). International Trade and Finance, Benin City: Mindex
Publishing.
Iyoha, M. A. (2004). Applied Econometrics. Benin City: Mindex Publishing.
Iyoha, M. A. and O. T. Ekanem.(2004). Introduction to Econometrics, Benin City: Mareh
Publishers.
Iyoha, M. A. (2004). Macroeconomics: Theory and Policy. Benin City: Mindex Publishing.
Iyoha, M. A. and D. E. Amadasu (2004). Theory of Economic Development and Planning,. Benin
City: Socent Press.
Iyoha, M. A., S. A. Oyefusi and D.E. Oriakhi (2003). An Introduction to Modern
Microeconomics,. Benin City: Mindex Publishing.
Iyoha, M. A. and C. O. Itsede (2003). Nigerian Economy: Structure, Growth and Development,
Benin City: Mindex Publishing.
Iyoha, M. A., S. A. Oyefusi and D. E. Oriakhi (2002). An Introduction to Modern
Macroeconomics, Benin City: Mindex Publishing.
Ekanem, O. T. and M. A. Iyoha (2002). Managerial Economics, Benin City: Mareh Publishers.
Iyoha, M. A., S. A. Oyefusi and D. E. Oriakhi (1998). An Introduction to Modern Economics,
Benin City: Mareh Publishers.
Iyoha, M. A. (1998). Macroeconomics for a Developing World. Benin City: Miyo Educational
Publishers.
Obadan, M. I. and M. A. Iyoha (1996). Macroeconomic Policy Analysis: Tools, Techniques and
Applications to Nigeria, Ibadan: NCEMA.
Iyoha, M. A. (1996). Macroeconomics: An African Perspective. Benin City: Miyo Consult Ltd.
Diejomaoh, V. P. and M. A. Iyoha (1980). Industrialization in the Economic Community of West
African States (ECOWAS), Ibadan: Heinemann Educational Books.
Iyoha, M. A. (1979). Industrialization and Its Effects in a Developing Economy. Benin City:
Eddypack Publishers, Ltd.
Kayode, M. O. and M. A. Iyoha (1979). Urbanization and Nigerian Economic Development,
Ibadan: Nigerian Economic Society.
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(b) CHAPTERS IN BOOKS
Iyoha, Milton A., Patricia A. Adamu and Dickson E. Oriakhi. (2013). "The Impact of
Macroeconomic Policy Strategies on Sectoral Developments in Nigeria", African
Development Perspectives Yearbook, Macroeconomic Policy Formation in Africa, Vol. 17.
Bremen, Germany.
Kouassi, E., M.A. Iyoha and K.O. Kymn (2012). “Lag length Selection and Tests of Granger
Causality between the Twin Deficits”. In New Frontiers in Econometrics: Proceedings of
the 10th Annual Conference of the African Econometric Society. Nairobi, Kenya: African
Economic Research Consortium and African Econometric Society.
Iyoha, M. A. (2012). “Introduction”. Chapter 1 in E. Kouassi, M. A. Iyoha, O. T. Ekanem, S.
Guobadia and A. Barimah (Eds.), Readings in Microeconomics. Second Edition. Benin
City: Mindex Publishing.
Iyoha, M. A. and S. J. Iyoha (2012). “Inter-temporal utility maximization”. Chapter 4 in E.
Kouassi, M. A. Iyoha, O. T. Ekanem, S. Guobadia and A. Barimah (Eds.), Readings in
Microeconomics. Second Edition. Benin City: Mindex Publishing.
Iyoha, M.A. (2011)."The Costs and Benefits of Environmental Protection: The Case of the
Niger Delta Region of Nigeria". In A. Odon and S. Guobadia (Eds.), African
Environmental Perspectives, Volume I. Bloomington, Indiana, USA: Author House.
Iyoha, M.A. (2010). “Leadership, policy making, and economic growth in African countries: The
case of Nigeria”. Chapter 6 in D. Brady and M. Spence (Eds.), Leadership and Growth.
Washington, D.C., USA: World Bank.
Iyoha, M. A. (2008). “The contribution of good leadership and governance to sustainable
development and poverty reduction in Nigeria”. In M. A. Iyoha and S. A. Igbatayo (Eds.),
The Challenges of Sustainable Growth and Poverty Reduction in Nigeria. Benin City:
Mindex Publishing.
Iyoha, M. A. and D. E. Oriakhi. (2008). “Explaining African economic growth performance:
the case of Nigeria”. In B.J. Ndulu, S. O'Connell, J. Azam, R.H. Bates, A.K. Fosu, J.W.
Gunning, and D. Njinkeu (Eds.), The Political Economy of Economic Growth in Africa,
1960–2000: Volume 2, Country Case Studies. Cambridge, UK: Cambridge University
Press.
Iyoha, M. A. (2007). “Fiscal Federalism: Towards Coping with and Resolving Future
Challenges”. Chapter 9 in J. I. Elaigwu (Ed.), Fiscal Federalism in Nigeria: Facing the
Challenges of the Future. Jos: Institute of Governance and Social Research.
Iyoha, M. A. (2004). “Globalization and the patterns of development in the 20th century”. In J.S.
Odama and E.A. Aiyedun (Eds.), Globalization and the Third World economy: Impacts and
Challenges in the 21st Century. Lagos: Malthouse Press Limited.
Iyoha, M. A. (2004). “Macroeconomic and debt management policies”. In I.B. Bello-Imam and
M.I. Obadan (Eds.), Democratic Governance and Development Management in Nigeria’s
Fourth Republic, 1999-2003. Ibadan: Centre for Local Government and Rural Development
Studies.
Iyoha, M. A. (2004). “Foreign Aid and Economic Development in Africa”. In M.A. Iyoha,
Macroeconomics: Theory and Policy. Benin City: Mindex Publishing
Iyoha, M. A. (2003). “An econometric model of the Nigerian economy”. In M.A. Iyoha and
C.O. Itsede (Eds.), Nigerian Economy: Structure, Growth and Development. Benin City:
Mindex Publishing.
Iyoha, M. A. (2003). “An overview of leading issues in the structure and development of the
Nigerian economy since 1960”. In M.A. Iyoha and C.O. Itsede (Eds.), Nigerian Economy:
Structure, Growth and Development. Benin City: Mindex Publishing.
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Iyoha, M. A. (2003). “Assessment of Nigeria’s economic performance since 1960”. In M.A.
Iyoha and C.O. Itsede (Eds.), Nigerian Economy: Structure, Growth and Development.
Benin City: Mindex Publishing.
Iyoha, M. A. (2003). “The global patterns of development in the 20th century and their
lessons”. In A.G. Garba (Ed.), Development Thought, Policy Advice and Economic
Development in Africa in the 20th Century: Lessons for the 21st Century. Ibadan: Ibadan
University Press.
Iyoha, M. A. (2000). "An econometric analysis of external debt and economic growth in sub-
Saharan African countries". In S.I. Ajayi and M.S. Khan (Eds.), External Debt and Capital
Flight in sub-Saharan Africa. Washington, D.C., USA: International Monetary Fund.
Iyoha, M. A. (1996). "Debt, commodities and resource flows". In S. Rasheed and S. Tomori
(Eds.) The Political Economy of Development: An African Perspective. Accra, Ghana: ICIPE
Science Press.
Iyoha, M. A. (1996). "Introduction: An overview of leading issues in macroeconomic policy
design and management". In M. I. Obadan and M.A. Iyoha (Eds.), Macroeconomic Policy
Analysis: Tools, Techniques and Applications to Nigeria. Ibadan: NCEMA.
Iyoha, M. A. (1996). "Macroeconometric models". In , M. I. Obadan and M.A. Iyoha (Eds.),
Macroeconomic Policy Analysis: Tools, Techniques and Applications to Nigeria. Ibadan:
NCEMA.
Iyoha, M. A. (1995). "Economic liberalization and the external sector". In A. Iwayemi (Ed.),
Macroeconomic Policy Issues in an Open Economic: A Case Study of Nigeria. Ibadan:
NCEMA.
Iyoha, M. A. (1992). "Impact of the structural adjustment programme on the structure of Nigeria's
foreign trade". In E. Osagie (Ed.), Structural Adjustment Programme in the Nigerian
Economy. Kuru, Jos: National Institute for Policy and Strategic Studies.
Iyoha, M. A. (1984). "Economic development and trade theories: Relevance and implications for
ECOWAS". In A. Orimalade and R.E. Ubogu (Eds.), Trade and Development in ECOWAS.
New Delhi, India: Vikas Publishing House.
Diejomaoh, V.P. and M. A. Iyoha (1980). “Introduction”. In V.P. Diejomaoh and M.A. Iyoha
(Eds.), Industrialization in the Economic Community of West African States (ECOWAS).
Ibadan: Heinemann Educational Books.
Iyoha, M. A. (1976). "Economic development in Africa: Prospects and problems". In R. Desai
(Ed.), Africa as Seen by the Africans. Franklin Watts Publishing Company, U.S.A.
Iyoha, M. A. (1976). “Introduction to Africa". In R. Desai (Ed.), Africa as Seen by the Africans.
Franklin Watts Publishing Company, U.S.A
Iyoha, M. A. "The economic implications of apartheid”. In S. Orobator (Ed.), Apartheid and
Politics, forthcoming.
Iyoha, M. A. “External trade and the challenges of the twenty-first century”. In CASS (Eds.), The
Nigerian Economy in the Twenty-First Century. Port Harcourt: CASS, forthcoming.
Iyoha, M. A. “Towards resolving the external debt problem: Strategies and policies”. In M.I.
Obadan (Ed.), Policy Issues on the Nigerian Economy. Ibadan: NCEMA, forthcoming.
Iyoha, M. A. “Public policy and public sector investment”. In ILO/UNDP. Investment for
Poverty-Reducing Employment (IPRE) Study for Nigeria, Addis Ababa, forthcoming.
Iyoha, M. A. “Policy Environment and Foreign Investment Inflow: The Nigerian
Excperience”. In New Directions in Development Policies and Economic Management in
Nigeria. Abuja: Central Bank of Nigeria, forthcoming.
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(c) JOURNAL ARTICLES
Aisien, L. N., S. L. Guobadia and M. A. Iyoha (2017). “China-African Trade Relationship:
Growth Implications for ECOWAS Countries”. West African Financial and Economic
Review, vol. 16, no. 1, June.
Iyoha, M. A. and Ajan Okim (2017). “The Impact of Trade on Economic Growth in ECOWAS
Countries: Evidence from Panel Data”. CBN Journal of Applied Statistics, vol. 8, no,
1, June.
Iyoha, M. A. (2017). “Towards Effective Foreign Exchange Management in Nigeria”. The
Economist. June.
Iyoha, M. A. and P. A. Adamu (2016). “The Impact of Internally Generated Revenue (IGR) in
Nigeria: A Case Study of Edo State”. The Certified National Accountant, vol. 24, no 4,
July-September.
Iyoha, M. A., C. A. Ighodaro and B. O. Oligbi (2016), “Nigeria’s External Debt Overhang: An
Econometric Investigation”. West African Financial and Economic Review, vol. 15,
no. 2, December.
Guobadia, Sam, Arodoye, N. L. and Iyoha, M. A. (2016). “Fiscal Policy and Inclusive Growth
in Nigeria”. Indian Journal of Economics, vol. XCVII, No. 385, October.
Iyoha, M. A. and P. A. Adamu (2016). “An Empirical Analysis of Unemployment, Investment
and Economic Growth in Nigeria: Evidence from Vector Auto-Regressions (VARs)”.
Nigerian Economic and Financial Review, volume 9, number 1, June.
Adamu, P. A., M. A. Iyoha and D. E. Oriakhi. (2016). “Sectoral Flows of Foreign Direct
Investment: Impact on Economic Growth in ECOWAS Countries, based on Dynamic
Panel Data”. West African Financial and Economic Review, vol. 14, no. 1, June.
Iyoha, M. A. (2016). “The Impact of External Debt on Economic Growth and Development in
Nigeria”. The Certified National Accountant, volume 24, number 3, May-June.
Iyoha, M. A. and P. A. Adamu (2016). “The Impact of Devaluation in a Developing and Debt
Laden Economy: The Case of Nigeria”. The Certified National Accountant, volume
24, number 2, March-April.
Iyoha, M. A. and I. Danjuma (2016). “Impact of Commercial Bank Lending rate on Economic
Growth of Nigeria”. Adamawa State University Journal of Economics and Interrelated
Disciplines. Vol. 1 no. 1.
Iyoha, M. A. (2016). “Inflation Targeting as an Instrument of Monetary Policy in Nigeria:
Prospects and Challenges”. The Certified National Accountant, volume 24, number 1,
January-February.
Adamu, P. A. and M. A. Iyoha (2015). “Industrial Policies, Structural Transformation and
Inclusive Growth: the case of Nigeria”. Nigerian Journal of Economic and Social
Studies, vol. 57, no. 3.
Iyoha, M. A. and N. L. Arodoye. (2015). “Government Education Expenditure, Taxation and
Economic Growth in Nigeria”. West African Financial and Economic Review. Vol 13,
no. 2, December.
Iyoha, M. A. and N. L. Arodoye. (2015). “Fiscal Policy and Inclusive Economic Growth in
Nigeria: Evidence from a Vector Auto-regression Model”. The Certified National
Accountant, volume 23, no. 6, pp. 8–15, November-December.
Iyoha, M. A. and B. O. Oligbi. (2015). “Tax Bouyancy and Economic Growth in Nigeria: A
Note on Some Neglected Issues”, The Certified National Accountant, vol. 23, no. 4,
pp. 9-15, July-August.
Iyoha, M. A. and P. A. Adamu. (2015). “Alternative Methods of Estimating Potential Output
and the Output Gap: Implications for Monetary Policy in Nigeria”, Finance and
Banking Review, volume 9, nos. 1 & 2. Jan/July 2015.
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Iyoha, M. A. and P. A. Adamu. (2015). “Forecasting Demand for Currency in Circulation in
Nigeria”. West African Financial and Economic Review. vol. 12, no. 2, June.
Iyoha, M. A. and P. A. Adamu. (2015). “The Impact of Monetary Policy on Credit Market
Competition and Relationship Lending”, The Certified National Accountant, vol.23, no
3, pp 17-26, May-June.
Iyoha, M. A. and N. L. Arodoye (2014). “An Econometric Analysis of the Relationship
between Employee Compensation and Selected Macroeconomic Variables in Nigeria”.
West African Financial and Economic Review, vol. 11, no. 1, December.
Iyoha, M. A. and C. A. Ighodaro. (2014). “Sovereign Debt Restructuring Mechanism in the
Context of the Nigerian Economy”. The Certified National Accountant, vol. 22, no. 6,
pp. 8- 17. November-December
Aisien, L. N. and M. A. Iyoha. (2014).“Inflation and Economic Growth in Nigeria: Evidence
from a Threshold Regression Model”. West African Economic Review, vol. 2, no 2.
Arodoye, N, L, and M. A. Iyoha. (2014). “Foreign Trade-Economic Growth Nexus: Evidence
from Nigeria” CBN Journal of Applied Statistics. Vol 5, no 1. June.
Iyoha, M.A. and B.O. Oligbi (2013), “A Strategy for Nigeria’s Industrial Development in the
21st Century”. The Certified National Accountant, vol. 21. No. 5, November-December.
Iyoha, M.A. and P.A. Adamu (2013), “An Empirical Analysis of the FDI-Growth Nexus in
ECOWAS Countries”. The Certified National Accountant, vol. 21. No. 3, July-August.
Agbontaen, O. O. and M. A. Iyoha (2013). “Macroeconomic stability and the impact of foreign
aid on economic growth: Evidence from Nigeria”. West African Social and Management
Sciences Review, vol. 4, no. 1, June.
Iyoha, M.A., P. A. Adamu and S. M. Bello (2013). “Youth Employment and Poverty Reduction
in Nigeria: An Econometric Investigation”. Nigerian Journal of Economic and Social
Studies. Vol. 55, no. 1. March.
Iyoha, M. A., P. A. Adamu and R. D. Korsu. (2012). “Towards inflation forecasting: Evidence
from Nigerian data” West African Financial and Economic Review, vol. 9, no. 1, June.
Adamu, P. A., C. A. Ighodaro and M. A. Iyoha, (2012). “Trade, Foreign Direct Investment and
Economic Growth: Evidence from the Countries of the West African Monetary Zone”.
The West African Economic Review. Vol 1, No. 2, pp 9-32..
Iyoha, M. A. (2012). “Econometric Estimation of the Benefits and Costs of Naira
Convertibility for Nigeria”. West African Social and Management Sciences Review
(WASMSR), vol. 3, no. 1, December.
Iyoha, M. A., S. Guobadia and P.A. Adamu (2011). “Inflation Forecasting and Output Gap in
Nigeria”. West African Social and Management Sciences Review, vol. 2, no. 2. June.
Iyoha, M. A. and S. Guobadia (2011). “A Quarterly Macroeconometric Model for Policy
Making in Nigeria”. West African Social and Management Sciences Review, vol. 2, no. 1,
January.
Iyoha, M. A. and P. A. Adamu (2011). “The Impact of External Trade on Economic Growth in
Nigeria: A Roadmap for the Twenty-first Century”. West African Social and Management
Sciences Review, vol. 2, no. 1, January.
Iyoha, M. A. and D. E. Oriakhi (2010). “Revenue Generation Enhancement Strategies with
Emphasis on Institutional Development: The Case of Federal Government of Nigeria”, West
African Financial and Economic Review, vol. 2, no. 2. December.
Iyoha, M. A. and B. O. Ali-Momoh (2010). “Creating an Enabling Environment for Youth
Employment in the Niger Delta Region of Nigeria”. West African Social and Management
Sciences Review, vol. 1, no. 2. July.
Iyoha, M. A. and B. O. Oligbi (2010). “An Econometric Analysis of the Effect of Central Bank
Independence on Inflation: the Case of Nigeria”, Finance and Banking Review, vol. 4, nos. 1
& 2, January/July.
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Guobadia, S., M. A. Iyoha and D. E. Oriakhi (2010). “A Simultaneous-Equation Estimation of a
Disequilibrium Model of Nigeria’s Labour Market”. West African Social and Management
Sciences Review, vol. 1, no. 1. January.
Adamu, P. A., M. A. Iyoha and E. Kouassi (2009). “Estimating Potential Output for Nigeria: A
Structural VAR Approach”. In Proceedings of the 14th Annual Conference on Econometric
Modelling for Africa. African Econometric Society. July.
Iyoha, M. A. and S. Guobadia (2009) “Globalising the Benefits of Transnational Corporations’
Activities in Host Countries”, Okada Journal of Management Sciences, vol. 1. no, 1. June,
Iyoha, M. A. (2009). “Foreign Direct Investment, Macroeconomic Policy Environment and
Economic Growth: The African Experience”. African Notes, Cornell University, Ithaca, New
York, USA. Spring.
Iyoha, M. A. (2008). “The Effect of Policy Environment on Foreign Direct Investment and
Economic Growth in Africa”. Journal of Arts and Social Sciences, vol. 1, no. 1. September.
Iyoha, M. A. (2008). “Financing Africa’s Development: A Global Imperative in the Twenty-First
Century”, West African Financial and Economic Review, vol. 2, no. 1. June.
Iyoha, M. A. (2008). “Leadership, Policy Making, and Economic Growth in African Countries:
The Case of Nigeria”. Commission on Growth and Development Working Paper No. 17.
Washington, D. C.: World Bank. April.
Iyoha, M. A. and E. Kouassi.(2007). “The Effects of Model Specification on Tests of Granger
Causality between the Twin Deficits”, Economic and Business Review, vol. 1, no. 1. January
Iyoha, M. A. (2007). “Policy Environment, Direct Foreign Investment and Economic Growth in
sub-Saharan Africa”. Finance and Banking Review, vol. 1, no 1, July-December.
Iyoha, M. A. (2006). “International aspects of Nigeria’s economic reforms.” NESG Economic
Indicators, vol. 12, no. 4, Oct-Dec.
Iyoha, M. A. (2006). “Nigerian Private Sector and Global Trade Challenges: The Way Forward”.
Globalization Review, vol. 2, no 3, October.
Iyoha, M. A. (2006). “Globalization and Nigerian education in the 21st century: Issues and
insights.” NESG Economic Indicators, vol. 12, no. 3, July-Sept.
Iyoha, M. A. (2005). “International trade shocks and optimal BOP strategies in WAIFEM
countries” The Economist.
Iyoha, M. A. (2005). “Enhancing Africa’s trade: From marginalization to an export-led
approach to development.” African Development Bank Economic Research Working Paper
Series No. 77, August.
Iyoha, M. A. (2005). “Nigeria’s trade policy regimes.” The Contemporary Economist, vol. 1, no.
2, May.
Iyoha, M. A. (2005). “Farm subsidies, unfair trade practices and the prospects of poverty
reduction in Africa: Options for the continent.” African Capacity Building Foundation
Working Paper No. 4, March.
Iyoha, M. A. (2004). “African economic integration: Are there lessons for the West African
Monetary Zone?” West African Financial and Economic Review, vol. 1, no. 2, December.
Kouassi, E. and M. A. Iyoha (2004). “Lag Length Selection and Tests of Granger Causality
between the Twin Deficits”. In Proceedings of the Ninth Annual Conference on
Econometric Modelling for Africa. African Econometric Society.
Iyoha, M. A. (2003). “OECD farm subsidies, unfair trade practices and persistent poverty in
Africa.” Nigerian Economic and Financial Review, vol. 8, no. 2, December.
Iyoha, M. A. (2003). “Determination of exchange rates: Theoretical and policy perspectives.”
Nigerian Economic and Financial Review, vol. 8, no. 1, June.
Iyoha, M. A. (2003). “A common monetary policy for the West African Monetary Zone:
Rationale and design.” West African Financial and Economic Review, vol. 1, no. 1, June.
11
Iyoha, M. A. (2003). “The impact of globalization on agricultural exports and economic
development in Africa.” African Notes, Cornell University, USA, November/December.
Iyoha, M. A. (2002). “Globalization, trade and economic growth: The African experience.”
Nigerian Economic and Financial Review, vol. 7, no. 2, December.
Iyoha, M. A. and P. O. Eriki (2002). “Ownership structure and size of dividends of quoted
companies in Nigeria”, Nigerian Journal of Business Administration, vol. 4, no. 2, July.
Iyoha, M. A. (2002). “A quantitative analysis of the impact of public investment on
employment, poverty alleviation and economic growth in Nigeria.” Nigerian Economic
and Financial Review, vol. 7, no. 1, June.
Iyoha, M. A. and P. A. Adamu (2002). “A theoretical analysis of the effect of environmental
problems on economic development: The case of Nigeria”. Nigerian Economic and
Financial Review, vol. 7, no. 1. June.
Iyoha, M. A. (2002). “Review and appraisal of the 2002 Federal Government Budget
performance.” Bullion, Publication of the Central Bank of Nigeria, vol. 26, no. 2,
April/June.
Iyoha, M. A. (2002). “The environmental effects of oil industry activities on the Nigerian
economy: A theoretical analysis”. In The Petroleum Industry, the Economy and the Niger
Delta Environment, edited by C.O. Orubu, D.O. Ogisi and R.N. Okoh. Proceedings of a
National Conference on the Nigerian Petroleum Industry and the Niger Delta
Environment.
Iyoha, M. A. (2002). “Review of the 2001 Federal Budget Performance.” NCEMA Policy
Analysis Series, vol. 8, no. 1.
Iyoha, M. A. (2001). “An econometric study of the main determinants of foreign investment in
Nigeria.” Nigerian Economic and Financial Review, vol. 6, no. 2, December.
Iyoha, M. A. (2001). “Policy simulation with a macro-econometric model of the Nigerian
economy.” Nigerian Economic and Financial Review, vol. 6, no. 1, June.
Iyoha, M. A. (2001). “Globalization and Trade Policy in Nigeria: Challenges and Opportunities.”
Business and Career, vol.1, no. 8.
Iyoha, M. A. (2000). “Fiscal federalism, decentralization and macroeconomic management in
Nigeria.” NCEMA Policy Analysis Series, vol. 6, no. 2.
Iyoha, M. A. (2000). “The sources of economic growth in Nigeria, 1960-1997: A growth
accounting exercise.” Nigerian Economic and Financial Review, vol. 5, no. 2, December.
Iyoha, M. A. (2000). “Institutional framework for aid programming and management.” Business
and Career, vol. 1, no. 6.
Iyoha, M. A. (2000). “The impact of external debt reduction on economic growth in Nigeria:
Some simulation results.” Nigerian Journal of Economic and Social Studies, vol. 42, no. 2,
July.
Iyoha, M. A., S. L. Guobadia and D. E. Oriakhi (2000). “Estimation of labour markets in
disequilibrium: A simultaneous equation model”. Journal of Economic Management, vol. 7,
no. 1, January.
Iyoha, M. A. and S. J. Iyoha (1999). “Optimal marital fertility in developing countries”. Nigerian
Journal of Economic and Social Studies, vol. 41, no. 3, November.
Iyoha, M. A. (1999). "External debt and economic growth in sub-Saharan African countries: An
econometric study." Research Paper 90, AERC Research Paper Series. Nairobi, Kenya:
African Economic Research Consortium, March.
Iyoha, M. A. (1999). “Principles, process and techniques of aid management." The Ecodigest, vol.
9, no. 1, Sept.
Iyoha, M. A. (1999). “Re-invigorating investment for sustainable growth and development.” In
Evaluating Investment Performance for Re-invigorating Growth and Development in
12
Nigeria. Proceedings of the Eighth Annual Conference of the Zonal Research Units of the
Central Bank of Nigeria. Abuja.
Iyoha, M. A. (1998). "Rekindling investment for economic development in Nigeria: The
macroeconomic issues." In Rekindling Investment for Economic Development in Nigeria,
edited by B.E. Aigbokhan. Selected papers for the 1998 Annual Conference of the Nigerian
Economic Society. Ibadan: University of Ibadan Press.
Ajayi, S. I. and M. A. Iyoha (1998). “Debt overhang and debt forgiveness: The case of the
severely-indebted low-income countries of sub-Saharan Africa”. Journal of Economic
Management, vol. 5, no. 1, January.
Iyoha, M. A. and R. I. Udegbunam (1998). “Predicting bank failure with a multinomial logit
model: An application to Nigeria”. Journal of Economic Management, vol. 5, no. 2, June.
Iyoha, M. A. and R. I. Udegbunam (1998). "Prediction of bank failure in Nigeria using financial
ratios and a logit regression model". PRAJNAN: Indian Journal of Social and Management
Sciences, vol. XXVII, no. 3, Oct - Dec.
Iyoha, M. A. (1998). “An econometric analysis of the impact of trade on economic growth in
ECOWAS countries." Nigerian Economic and Financial Review, vol. 3, December.
Iyoha, M. A. (1998). "Foreign exchange management and external debt problem." The
Ecodigest, vol. 8, no. 1.
Iyoha, M. A. (1998). "System and process of effective resource control and effective utilization."
The New Accountant, vol. 11, no. 1.
Iyoha, M. A. (1997). "An econometric study of debt overhang, debt reduction, investment and
economic growth in Nigeria." NCEMA Monograph No. 8. Ibadan: NCEMA.
Iyoha, M. A. (1997). "Reform of public enterprises under Nigeria's Structural Adjustment
Programme." The Ecodigest, vol. 7, no. 1.
Iyoha, M. A. (1997). “External debt and economic growth in sub-Saharan African countries:
Some simulation results." Nigerian Journal of Economic and Management Studies, vol. 2,
no. 1.
Iyoha, M. A. (1997) "Policy Simulations with a model of External Debt and Economic Growth
in sub-Saharan African Countries." Nigerian Economic and Financial Review, vol. 2, no. 2.
Iyoha, M. A. (1996). "Macroeconomic policy management of Nigeria's external sector in the
post-SAP period." Nigerian Journal of Economic and Social Studies, vol. 38, no. 1, March.
Iyoha, M. A., S. O. Iyare and C. C. Molokwu. (1996). "Forecasting the pre-harvest output of
selected food crops in Nigeria". Indian Journal of Economics, vol. LXXVI, no. 302, January.
Iyoha, M. A. (1996). "Entrepreneurial development strategies, productivity and corporate
survival in Nigeria." The Ecodigest, vol. 6, no. 1.
Molokwu, C. C., W. J. Oyaide and M. A. Iyoha (1995). "An econometric analysis of the
traditional multi-crop farming system in Anambra State of Nigeria", Benin Journal of Social
Sciences, vol. 4, nos. 1&2.
Iyare, S. O., C. C. Molokwu and M. A. Iyoha (1995). “Forecasting the Pre-harvest Output of
Selected Food Crops in Anambra State of Nigeria” Benin Journal of Social Sciences, vol. 4,
nos. 1 & 2.
Iyoha, M. A. (1995). "Survival strategies for a business firm in a highly inflationary economy."
Nigerian Economic and Financial Review, vol. 1, no. 1.
Iyoha, M. A. (1995). "Open market operations and the efficacy of monetary policy in Nigeria: A
preliminary assessment." NCEMA Policy Analysis Series, vol. 1, no. 1.
Iyoha, M. A. (1995). "Traditional and contemporary theories of external trade." In External
Trade and Economic Development in Nigeria, edited by A.H. Ekpo. Selected Papers for the
1995 Annual Conference of the Nigerian Economic Society. Ibadan: NES.
13
Iyoha, M. A. and S. O. Iyare (1994). "Africa's debt problems". In African Debt Burden and
Economic Development, edited by F.E. Onah. Selected Papers for the 1994 Annual
Conference of the Nigerian Economic Society. Ibadan: NES.
Iyoha, M. A. (1992). "Public sector role in Nigerian development." Nigerian Journal of
Administrative Science, vol. 3, no. 2.
Iyoha, M. A. (1992). “Oil dependency and Nigeria’s development problematique: Strategies for
rapid socio-economic transformation for the year 2000.” Lecture delivered at the Civil
Service Forum organized by the Edo State Civil Service, Benin City
Iyoha, M. A. (1989). "The Nigerian economy in the 1990's." Management in Nigeria, vol. 25, no.
6.
Iyoha, M. A. (1988). "Nigeria's balance of payments: Strategies and policies for the short and
medium term (1990's).” Benin Journal of Social Sciences, vol. 3, nos. 1 & 2.
Iyoha, M. A. (1987). "Optimal growth in the open less developed economy." JORSON: Journal
of Operational Research Society of Nigeria, May.
Iyoha, M. A. (1982). "Capital intensive technology, employment and growth in less developed
countries." Nigerian Journal of Economic and Social Studies, March.
Iyoha, M. A. (1982). "The determinants of fertility in less developed countries: A simultaneous
equation model." HRRU Research Bulletin No. 82/02. University of Lagos, March.
Iyoha, M. A. (1982). “Human fertility, population change, and economic development." HRRU
Research Bulletin, No.82/01. University of Lagos, January.
Iyoha, M. A. (1980). “International inflation, the oil crisis and the new international economic
order: Notes and comments". In Oil and the New International Economic Order., edited by
S.I. Ajayi and M.O. Kayode, Proceedings of the 1976 Annual Conference of the Nigerian
Economic Society. Ibadan: NES.
Iyoha, M. A. (1979). "Comments on Professor Hunponu-Wusu's paper: Environmental health
issues in Nigeria." In Urbanization and Nigerian Economic Development, edited by M.O.
Kayode and M.A. Iyoha. Proceedings of the 1977 Annual Conference of the Nigerian
Economic Society. Ibadan: NES.
Iyoha, M. A. (1979). “A quantitative analysis of the demand for imports in Nigeria.” Discussion
Paper Number 143. Department of Economics, State University of New York at Buffalo,
N.Y., USA. October.
Iyoha, M. A. (1979). "Rural-urban migration in less developed countries: Private versus social
optimum." Ife Social Science Review, March.
Iyoha, M. A. (1978). "The prospects for growth in the Economic Community of West African
States (ECOWAS)." The Manager.
Iyoha, M. A. (1978). "The relation between employment and growth in developing countries:
An econometric analysis." Social and Economic Studies, March.
Iyoha, M. A. (1977). "Inflation and 'openness' in less developed economies: A cross-country
analysis – reply." Economic Development and Cultural Change, October.
Iyoha, M. A. (1977). "Economic growth in the customs union: A theoretical analysis." Nigerian
Journal of Economic and Social Studies, July.
Iyoha, M. A. (1977). "Economic growth in the customs union: A theoretical analysis – reply."
Nigerian Journal of Economic and Social Studies, July.
Iyoha, M. A. (1976). "The demand for money in Nigeria." Social and Economic Studies,
December.
Iyoha, M. A. (1976). "Demand for international reserves in less developed countries: A
distributed lag specification." The Review of Economics and Statistics, vol. 58, no. 3, August.
Iyoha, M. A. (1976). "The collapse of the Bretton Woods System." Ulecons.
Iyoha, M. A. (1975). "Optimal sharing of adjustment responsibility by trading countries."
Nigerian Journal of Quantitative Economics, September.
14
Iyoha, M. A. (1975). "A theory of rural-urban migration in developing countries." Nigerian
Journal of Economic and Social Studies, July.
Iyoha, M. A. (1975). "The inflationary effect of a government deficit in a developing economy"
Social and Economic Studies, March.
Iyoha, M. A. (1975). "The optimum rate of development in the dual economy." Nigerian
Journal of Quantitative Economics, March.
Iyoha, M. A. (1973). "Inflation and ‘openness’ in less developed economies: A cross-country
analysis." Economic Development and Cultural Change, vol. 22, no. 1, October.
Iyoha, M. A. (1973). "The optimal balance-of-payments strategy of a less developed country".
Economic Record, June.
Iyoha, M. A. (1973). "Agricultural productivity and economic growth in Nigeria, 1950-1964."
World Agricultural Economics and Rural Sociology Abstract, October.
Iyoha, M. A. (1973). “The optimum rate of rural-urban migration in a developing country."
World Agricultural Economics and Rural Sociology Abstract, April.
Iyoha, M. A. (1972). "The current Nigerian inflation: Causes and cure." Nigerian X-Ray,
January.
Iyoha, M. A. (1972). "Optimal saving in a labour-surplus economy". Southern Economic
Journal, vol. 39, no. 1, July.
Iyoha, M. A. (1971). "Optimal balance-of-payments strategy by stochastic dynamic
programming". Western Economic Journal, December.
Iyoha, M. A. (1971). "Capital durability and the golden rule of capital accumulation." Southern
Economic Journal, vol. 38, no. 1, July.
Iyoha, M. A. (1969). "An econometric analysis of the main determinants of Nigeria’s money
supply, 1950-1965." Nigerian Journal of Economic and Social Studies, November.
Iyoha, M. A. “The optimal balance-of-payments strategy for a growing less developed country."
Nigerian Journal of Quantitative Economics, forthcoming.
(d) BOOK REVIEWS
Iyoha, M. A. (2016). Public Debt Management: Theory and Applications by Samuel E. Omoruyi.
Published by West African Institute for Financial and Economic Management, Lagos,
2016. West African Financial and Economic Review, vol. 15. no. 2, December.
(e) TECHNICAL REPORTS
Iyoha, M. A. (2005). “Nigeria and the millennium development goals: A progress report on the
attainment of MDG goal number eight.” Background paper for AFRODAD. Harare,
Zimbabwe, 2005.
Iyoha, M. A. (2005). “When will Africa’s sleeping giant awake?” Inaugural Lecture, University
of Benin, May 19, 2005.
Iyoha, M. A. (1994). “The impact of the Structural Adjustment Programme (SAP) on
agriculture in Nigeria.” Final Report. University of Benin Research Grant, 1994.
15
EDITORIAL POSITIONS HELD
Co-ordinating Editor, West African Social and Management Sciences Review, 2011-present
Editorial Adviser, Finance and Banking Review, 2010-present
Consulting Editor, West African Financial and Economic Review, 2002 – present
Editor-in-Chief, Journal of Arts and Social Sciences, 2007-2008.
Editor, Nigerian Economic and Financial Review, 2000 - 2006
Associate Editor, Nigerian Journal of Economic and Social Studies, 1976-81.
Post-Graduate Courses Macroeconomic Theory (Ph D & M Sc)
Taught Econometrics (Ph D & M Sc)
Development Economics (Ph D & M Sc)
Ph D Supervision Have successfully supervised over twenty Ph D students. (At least 6
of them are now Professors of Economics).
SERVICE TO THE Member, Board of Governors of the National
NATION: Institute for Policy and Strategic Studies (NIPSS)
Kuru, Jos, 1993 - 1994
Member, Governing Council of the
Economics Institute, Abuja, 2000 - date
Member, Edo State Economic and Social Advisory
Council (EDESAC), 1992 - 1994
Member, Bendel State Development and Economic
Recovery Advisory Council (BDERAC), 1984 -
1991
Member, Committee on Guidelines for Members
of Boards of Government-owned Companies,
Corporations and Parastatals in Bendel State,
1984
Member, Governing Council of the Institute
of Continuing Education (ICE) , Benin City, 1976 -
1979
Member, Administrative Committee of Inquiry
into the Auchi Polytechnic, 1975 - 1976
