LCCI congratulates Teriba on his appointment as member of MOFI
By Ibidunni Banjoko
The Lagos Chamber of Commerce and Industry (LCCI) has congratulated the Chairman of its Economic & Statistics Committee, Dr. Ayo Teriba on his appointment as a member of the Ministry of Finance Incorporated (MOFI) Governing Council under the chairmanship of the President of the Federation, President Muhammadu Buhari, GCFR.
President Muhammadu Buhari made the appointment this week alongside other prominent Nigerian professionals.
Teriba is the CEO of Economic Associates (EA) where he leads ongoing research and consulting on Nigeria’s Economic Outlook, focusing on global, continental, national, sub-national, sectoral, and corporate issues. He is a Visiting Faculty teaching Economics of Globalization (EOG) on the Nigerian Scholars Programme (NSP) at the Nigerian University of Technology and Management (NUTM) in Lagos. He is the Vice-Chairman of the Technical Committee of the National Council on Privatization (TC-NCP), where he aligns privatization policies and programmes with economic exigencies.
The renowned economist is well known for economic policy advocacy in the mass media. His advocacy for re-denomination of Naira notes and coins in the late nineties led to the introduction of 100-, 200-, 500- and 1000-Naira notes from 1999 to 2005. His current policy advocacy is on:
How Naira notes and coins can have high enough face values to keep pace with retail prices and other payment requirements with fewer pieces.
How Nigeria can unlock revenue and foreign exchange from publicly owned companies, government real estate portfolio, and infrastructure assets. How states can unlock revenue from optimization of state-owned assets, placemaking, skill-building, and value chain upgrades. How companies can upgrade their value chains and optimize asset portfolios to soar above the storms.
Teriba earned B.Sc. Economics from the University of Ibadan with Sir James Robertson Prize and Medal, UAC Prize in Economics, and Economics Departmental Prize as all-around best economics graduate in 1988, M.Sc. Economics from Ibadan in 1990, M.Phil. Economics of Developing Countries as a Cambridge-DfID Scholar at the University of Cambridge in 1992, and Ph.D. in Applied Econometrics and Monetary Economics from the University of Durham in 2003. He is an Alumnus of Lagos Business School (AMP 5) and Henley Business School (BDP) Executive Programmes.
Before becoming CEO of EA in 2004, Teriba was Chief Economist at ThisDay Newspaper (2001-2004), Faculty Member teaching Macroeconomic Environment of Business (MEB) on executive programmes at the Lagos Business School (1995-2001), Head of Research at the Lagos Chamber of Commerce (1993-1995), and Company Economist at UAC of Nigeria (1992-1993). Ayo consults for blue-chip companies, Federal and State ministries, departments, and agencies, DfID, GIZ, USAID, UNDP, UNIDO, World Bank.
He received grants from Ford Foundation and Rockefeller Foundation and was Visiting Scholar to IMF Research Department in Washington DC.
He is CEO of Economic Associates (EA) where he leads ongoing research and consulting on Nigeria’s Economic Outlook, focusing on global, continental, national, sub-national, sectoral, and corporate issues.
He is a Visiting Faculty teaching Economics of Globalization (EOG) on the Nigerian Scholars Programme (NSP) at the Nigerian University of Technology and Management (NUTM) in Lagos. He is the Vice-Chairman of the Technical Committee of the National Council on Privatization (TC-NCP), where he aligns privatization policies and programmes with economic exigencies.
In a statement by LCCI, “this feat speaks volumes of your passion for excellence and dedication to the Nigerian nation. It is laudable, commendable, and well-deserved. We are convinced with your wealth of knowledge and professional contributions, MOFI would achieve great success in its endeavors and the Nigerian economy would be positively impacted”.
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