Faculty Profile

Dr Ekundayo Peter Mesagan is a senior faculty in the School of Management and Social Sciences (SMSS) at Pan-Atlantic University, Lekki-Lagos, Nigeria. He is also a research fellow at the University of Economics Ho Chi Minh City, Vietnam. Besides being the co-founder and non-executive director of MGIG Global Services, a research training and consulting firm in Lagos. He also serves as a member of the Agenda 2050 Drafting Committee of the Federal Ministry of Finance, Budget and National Planning, Abuja. Moreover, he participates in the Review Committee of the Individual Research Project (IRP) Proposal of the Nigerian Institute of Social and Economic Research (NISER), Ibadan, Oyo State.

In 2015, he served as a Research Assistant with Cambridge Systematics for the World Bank and Lagos Metropolitan Area Transport Authority research on freight movement Projects in Lagos, Nigeria. He is a member of the Economic Commission for Africa Young Economists Network (ECA-YEN), an affiliation of the ECA for Africa. He is a Full Member of the Nigerian Economic Society (FMNES) and the Nigerian Association for Energy Economics (NAEE). He is a member of the Nigerian Institute of Management (Chartered) and is currently the Assistant General Secretary of the Nigerian Economic Society, Lagos Chapter.

He holds a B.Sc. Degree in Economics with a first class from Obafemi Awolowo University, an M.Sc. Degree in Economics with a distinction from the University of Lagos in Nigeria. He also holds a Ph.D. in Economics from the University of Lagos. In 2020, his PhD thesis titled, “Effects of Trade Flows and Institution on Environmental Quality in Sub-Saharan Africa, 1996-2016” was adjudged the best PhD thesis in the field of Humanities and Social Sciences in University of Lagos. He is a seasoned researcher with several publications in both local and international journals. He is the first researcher to identify capital investment as a channel for improving the energy-pollution nexus. He is also the first researcher to coin the acronym “SANEM” countries with justification for creating the economic bloc in Africa recommended what SANEM nations can do to set the template for Africa’s environmental sustainability. His research interest centres around Energy Policy, Environmental Economics, Natural Resources, Industrial Economics, and Macroeconomic Modelling.
His awards include:

i. African Economic Research Consortium (AERC) PhD Thesis Grant Award [2020]

ii. University of Lagos Award for “The Best PhD Thesis in Humanities and Social Sciences” [2020]

iii. University of Lagos (Teaching Assistantship) Post Graduate Grant Award [2013]

iv. A Silver medallist at the SIFE World Cup in Singapore [2008]

v. Man-of-the-Year Award of Economic Insight News Agency [2008]

vi. Member of the SIFE OAU Bronze winning team to the New York, USA [2007]

He has published articles in reputable journal outlets like the Central Bank of Nigeria Journal of Applied Statistics, Journal of Policy Modelling, Economic Issues, Environment Development and Sustainability, International Review of Economics, Journal of Social and Economic Development, Resources Policy, Environmental Science and Pollution Research, among others. He is a research consultant to private firms, individuals, and government agencies in Nigeria. He is a motivational speaker and provides career assistance on a periodic basis at several forums around the country. He is a reviewer and an editorial member of several local and international journal outlets. He loves exploring new opportunities, mentoring, teaching, and researching. Some of his publications are listed thus:

Published Book Chapters
Mesagan, E. P. & Eregha, P. B. (2019). Political Economy of Oil resources Management in Nigeria: Lessons from other Countries. In R. O. S. Dauda, S. O. Akinleye & E. D. Balogun (Eds.), Leading Issues in Macroeconomic Stabilisation and Financial Development (pp. 251 – 263). Lagos, Nigeria: Unilag Press & Bookshop Ltd.
Eregha, P. B. & Mesagan, E. P. (2019). The Emergence of Inclusive Growth: Issues, Challenges and Policy Options for Nigeria. In O. I. Lawanson & N. M. Nwakeze (Eds.), Economics of Human Resource: Issues, Challenges & Opportunities (pp. 57 – 87). Lagos, Nigeria: Unilag Press & Bookshop Ltd.

Published Research Articles in Local and International Journals
Mesagan, E. P. & Vo, X. V. (2023). Does Natural Resource Rent and Consumption Interplay Worsen Africa’s Pollution? Heterogeneous Panel Approach with Cross-sectional Dependence. Resources Policy, 82, 103562, https://doi.org/10.1016/j.resourpol.2023.103562. Published by Elsevier Inc.

Mesagan, E. P., Charles, A. O. & Vo, X. V. (2023). The Relevance of Resource Wealth in Output Growth and Industrial Development in Africa. Resources Policy, 82, 103517, https://doi.org/10.1016/j.resourpol.2023.103517. Published by Elsevier Inc.

Mesagan, E. P. & Vo, X. V. (2023). The Importance of Economic Complexity in the Resource-Growth Discourse: Empirical Evidence from Africa. Journal of the Knowledge Economy, https://doi.org/10.1007/s13132-023-01227-7. Published by Springer Nature.

Mesagan, E. P., Vo, X. V., & Emmanuel, P. M. (2023). The Technological Role in the Growth-Enhancing Financial Development: Evidence from African Nations. Economic Change and Restructuring, 56 (1), 657–680. https://doi.org/10.1007/s10644-022-09442-z. Published by Springer Nature.

Mesagan, E. P., Alimi, O. Y., & Vo, X. V (2022). The Asymmetric Effects of Exchange Rate on Trade Balance and Output Growth. The Journal of Economic Asymmetries, 26, e00272, https://doi.org/10.1016/j.jeca.2022.e00272. Published by Elsevier Inc.

Tabash, M. I., Mesagan, P. E. & Farooq, U. (2022). Dynamic Linkage Between Natural Resources, Economic Complexity, and Economic Growth: Empirical Evidence from Africa. Resources Policy, 78, https://doi.org/10.1016/j.resourpol.2022.102865. Published by Elsevier Inc.

Evans, O. & Mesagan, E. P. (2022). ICT-trade and pollution in Africa: Do governance and regulation matter? Journal of Policy Modeling, 44(3), 511-531. https://doi.org/10.1016/j.jpolmod.2022.06.003. Published by Elsevier Inc.

Mesagan, P. E. & Adewuyi, T. C. & Olaoye, O. (2022). Corporate Finance, Industrial Performance and Environment in Africa: Lessons for Policy. Scientific African, https://doi.org/10.1016/j.sciaf.2022.e01207. Published by Elsevier Inc.

Mesagan, E. P., Osuji, E., & Agbonrofo, H. (2022). Comparative Analysis of the Growth Impact of Pollution and Energy Use in Selected West African Nations. Environmental Science and Pollution Research, https://doi.org/10.1007/s11356-022-20532-3. Published by Springer Nature.

Ajide, K. B. & Mesagan, E. P. (2022). Dynamic Heterogeneous Analysis of Pollution Abatement via Renewable and Non-renewable Energy: Lessons Relearned from Capital Investment in G20 Nations. Environmental Science and Pollution Research, 29(24), 36533–36546. https://doi.org/10.1007/s11356-022-18771-5. Published by Springer Nature.

Mesagan, E. P., Akinsola, F., Akinsola, M., & Emmanuel, P. M. (2022). Pollution control in Africa: the interplay between financial integration and industrialization. Environmental Science and Pollution Research, 29(20), 29938–29948. https://doi.org/10.1007/s11356-021-18489-w. Published by Springer Nature.

Mesagan, P. E. & Olunkwa, N. C. (2022). Heterogeneous Analysis of Energy Consumption, Financial Development and Pollution in Africa: Is Regulatory Quality Important? Utilities Policy, 74, 101328. https://doi.org/10.1016/j.jup.2021.101328. Published by Elsevier Inc.

Mesagan, E. P. (2021). Environmental Sustainability in Sub-Saharan Africa: The Case of Production and Consumption Activities. Journal of the Knowledge Economy, https://doi.org/10.1007/s13132-021-00842-6. Published by Springer Nature.

Mesagan, E. P., Vo, X. V. & Amadi, I. P. (2021). Symmetric and Asymmetric Effects of Exchange Rate Volatility: The Capital Market and Financial Sector in Nigeria. Journal of Public Affairs, 22(S1), e2776. https://doi.org/10.1002/pa.2776. Published by Wiley Online Library.

Mesagan, E. P., Kushimo, D. K. & Umar, D. I. (2021). Do Fluctuations in Exchange Rate Hinder Non-Oil Export? An Analysis of Agriculture and Manufacturing in Nigeria. SN Business & Economics, 1(11), 1 – 23. https://doi.org/10.1007/s43546-021-00156-4. Published by Springer Nature.

Mesagan, E. P. (2021). Efficiency of Financial Integration, Foreign Direct Investment and Output Growth: Policy Options for Pollution Abatement in Africa. Economic Issues, 26(1), 1-19. Published by Nottingham Trent University, United Kingdom.

Mesagan, E. P., Akinyemi, A. K. & Yusuf, I. A. (2021). Financial Integration and Pollution in Africa: The Role of Output Growth and Foreign Direct Investment. International Journal of Big Data Mining for Global Warming, 3(01), 2150002. https://doi.org/10.1142/S2630534821500029. Published by World Scientific.

Olunkwa, C. N., Adenuga, J. I., Salaudeen, M. B., & Mesagan, E. P. (2021). The Demographic Effects of Covid-19: Any Hope for Working Populations? BizEcons Quarterly, 15(1), 3-12. Published by Strides Educational Foundation.

Eregha, P. B. & Mesagan, E. P. (2020). Oil Resources, Deficit Financing and Per Capita GDP Growth in Selected Oil-Rich African Nations: A Dynamic Heterogeneous Panel Approach. Resources Policy, Vol 66. https://doi.org/10.1016/j.resourpol.2020.101615. Published by Elsevier Inc. (2* ABS).
Mesagan, E. P., Ajide, K. B. & Vo, X. V. (2020). Dynamic Heterogeneous Analysis of Pollution Reduction in SANEM Countries: Lessons from the Energy-Investment Interaction. Environmental Science and Pollution Research, https://doi.org/10.1007/s11356-020-10865-2. Published by Springer Nature.

Mesagan, P. E. & Adenuga, I. J. (2020). Efficiency of Oil Resource Endowment, Natural Gas and Agriculture Output: Policy Options for Inclusive Growth. BizEcons Quarterly, 8, 15-34. Published by Strides Educational Foundation.

Ogbuji, I. A., Mesagan, E. P., & Alimi, Y. O. (2020). The Dynamic Linkage between Money Market, Capital Market and Economic Growth in Ghana: New Lessons Relearned. Econometric Research in Finance, 5, 59-78. Published by SGH Warsaw School of Economics, Poland.

Mesagan, P. E. & Olunkwa, N. C. (2020). Energy Consumption, Capital Investment and Environmental Degradation: The African Experience. Forum Scientiae Oeconomia, 8(1), 5-16. https://doi.org/10.23762/FSO_VOL8_NO1_1. Published by WSB University, Dąbrowa Górnicza, Poland.

Yusuf, I. A., Mesagan, E. P. & Amadi, A. N. (2020). Effect of Financial Deepening on Stock Market Returns: The Case of Military and Democratic Post-SAP Regimes in Nigeria. BizEcons Quarterly, 6, 3-21. Published by Strides Educational Foundation.

Mesagan, P. E., Ogbuji, A. I., Alimi, O. I. & Odeleye, T. A. (2019). Growth Effects of Financial Market Instruments: the Ghanaian Experience. Forum Scientiae Oeconomia, 7(4), 67-82. Published by WSB University, Dąbrowa Górnicza, Poland.

Mesagan, P. E., Yusuf, A. I., & Ogbuji, A. I. (2019). Natural Resource Endowment and Output Growth: How Crucial is Deficit Financing in Managing Resource-Rich African Economics? Journal of Social and Economic Development, 21(2), 353-369. https://doi.org/10.1007/s40847-019-00083-z. Published by Springer Nature.

Mesagan, P. E., Isola, W. A. & Ajide, K. B. (2019). The Capital Investment Channel of Environmental Improvement: Evidence from BRICS. Environment, Development and Sustainability. 21(4), 1561-1582. https://doi.org/10.1007/s10668-018-0110-6. Published by Springer Nature.

Mesagan, P. E., Unar, A. A., Idowu, J. O. & Alamu, A. S. (2019). Oil Resource Abundance in Nigeria and Iran: Contrapuntal Effect on Social and Economic Welfare. BizEcons Quarterly, 4, 3-22. Published by Strides Educational Foundation.

Mesagan, P. E., Alimi, O. I. & Yusuf, I. A. (2018). Macroeconomic Implications of Currency Depreciation: The Nigerian Experience. Managing Global Transition, 16(3), 235-258. Published by the University of Primorska, Faculty of Management, Slovenia.

Isola, W. A. & Mesagan, P. E. (2018). Monetary Policy and Small and Medium Enterprises’ Performance in Selected West African Countries. Romanian Economic Journal, 21(69), 14-23. Published by the Bucharest University of Economic Studies.

Mesagan, P. E., Alimi, O. Y., & Adebiyi, K. A. (2018). Population Growth, Energy Use, Crude Oil Price, and the Nigerian Economy. Economic Studies Journal, 27(2), 115-132. Published by the Economic Research Institute at the Bulgarian Academy of Sciences.

Mesagan, P. E. & Bello, O. M. (2018). Core Infrastructures and Industrial Performance in Africa: Do Institutions Matter? International Review of Economics. 65(4), 539-562. https://doi.org/10.1007/s12232-018-0314-y. Published by Springer Nature.

Mesagan, P. E. & Nwachukwu, I. M. (2018). Determinants of Environmental Quality in Nigeria: Assessing the Role of Financial Development. Econometric Research in Finance, 3(1), 55-78. Published by SGH Warsaw School of Economics, Poland.

Mesagan, P. E., Omojolaibi, J. A, & Umar, D. I. (2018). Trade Intensity, Energy Consumption and Environment in Nigeria and South Africa. Ovidius University Annals Economic Sciences Series, 18(1), 33-38. Published by the Ovidius University of Constanta, Romania.

Mesagan, P. E. & Adeniji-Ilori, O. M. (2018). Household Environmental Factors and Childhood Morbidity in South-Western Nigeria. Fudan Journal of the Humanities and Social Sciences. 11(3), 411-425. https://doi.org/10.1007/s40647-017-0204-9. Published by Springer Nature.

Mesagan, E. P., Olunkwa, N. C. & Yusuf, I. A. (2018). Financial Development and Manufacturing Performance: The Nigerian Case. Studies in Business and Economics, 13(1), 97-111. Published by De Gruyter for Lucian Blaga University of Sibiu, Romania.

Charles, A. O., Mesagan, E. P. & Saibu, O. M. (2018). Resource Endowment and Export Diversification: Implications for Growth in Nigeria. Studies in Business and Economics, 13(1), 29-40. Published by De Gruyter for Lucian Blaga University of Sibiu, Romania.

Isola, W. A. & Mesagan, E. P. (2017). Electricity Affordability and Household Welfare in Nigeria. Journal of Economics and Business Research., 23(2), 59-74. Published by "Aurel Vlaicu" University of Arad, Romania.

Mesagan, P. E. & Amadi, N. A. (2017). The Efficiency Market Theory: A Case of Commercial Banks Stocks in Nigeria. Ovidius University Annals Economic Sciences Series, 17(2), 583-587. Published by Ovidius University of Constanta, Romania.

Isola, W. A., Mesagan, P. E. & Alimi, O. I. (2017). Energy Crisis in Nigeria: Evidence from Lagos State. Ovidius University Annals Economic Sciences Series, 17(2), 23-28. Published by Ovidius University of Constanta, Romania.
Eregha, P. B. & Mesagan, P. E. (2017). Energy Consumption, Oil Price and Macroeconomic Performance in Energy Dependent African Countries. Applied Econometrics, 46, 74-89.

Mesagan, P. E. & Shobande, O. A. (2016). Role of Apex Banks: The Case of Nigerian Economy. Journal of Economics and Business Research, 22(2), 171-186. Published by "Aurel Vlaicu" University of Arad, Romania.

Mesagan, P. E. & Ezeji, A. C. (2016). The Role of Social and Economic Infrastructure in Manufacturing Sector Performance in Nigeria. Babcock Journal of Economics, Banking and Finance, 5, 101-119.

Omojolaibi, J. A., Unukpo, L. A. & Mesagan, P. E. (2016). Energy Security and Electricity Infrastructure in Nigeria. Caleb Journal of Social and Management Sciences, 2(2), 42-77.

Omojolaibi, J. A., Mesagan, P. E. & Stanley, N. C. (2016). Globalisation and Financial Development in Nigeria. Iranian Economic Review, 20(4), 461-478. Published by the University of Tehran, Faculty of Economics.

Isola, W. A. & Mesagan, P. E. (2016). Determinants of Pharmaceutical Industry’s Performance in Nigeria. Managing Global Transitions, 14(3), 267-282. Published by the University of Primorska, Faculty of Management, Slovenia.

Saibu, M. O. & Mesagan, P. E. (2016). Environmental Quality and Growth Effects of Foreign Direct Investment in Nigeria. Iranian Economic Review, 20(2), 125-140. Published by the University of Tehran, Faculty of Economics.
Omojolaibi, J. A., Okenesi, T. P. & Mesagan, P. E. (2016). Fiscal Policy and Private Investment in Selected West African Countries. CBN Journal of Applied Statistics, 7(1b), 277-308.

Mesagan, P. E. & Dauda, R. O. S. (2016). Does Education Matter for Inclusive Growth? The Nigerian Case. Journal of Economics and Business Research, 22(1), 168-189. Published by "AurelVlaicu" University of Arad, Romania.
Omojolaibi, J. A., Mesagan, P. E. & Oladipupo, T. D. (2016). The Dynamics of Electricity Consumption and Private Investment in Nigeria. Economic Issues, 21(2), 33-51.

Eregha, P. B. & Mesagan, P. E. (2016). Oil Resource Abundance, Institutions and Growth: Evidence from Oil Producing African Countries. Journal of Policy Modelling, 38(3), 603-619. Published by Elsevier Inc.

Mesagan, P. E. (2015). Economic Growth and Carbon Emission in Nigeria. The IUP Journal of Applied Economics, 14(4), 61-75.

Eregha, P. B., Mesagan, P. E. & Ayoola, O. O. (2015). Petroleum Products’ Prices and Inflationary Dynamics in Nigeria. The Empirical Econometrics and Quantitative Economics Letters, 4(4), 108-122. Published by Chiang Mai University, Thailand.

Omojolaibi, J. A., Mesagan, P. E. & Adeyemi, O. S. (2015). The Impact of Non-Oil Exports on Domestic Investment in Nigeria. The Empirical Econometrics and Quantitative Economics Letters, 4(3), 15-29. Published by Chiang Mai University, Thailand.

Mesagan, P. E. (2015). Economic Growth and Environment Nexus: The Role of Foreign Direct Investment. A Research Journal on Contemporary Issues and Development, Rivers State University of Education, 4(3), 44–52.

Isola, W. A. & Mesagan, P. E. (2014). Impact of Oil Production on Human Condition in Nigeria. West African Journal of Monetary and Economic Integration, 14(1), 84-102. Published by the West African Monetary Institute.
Alenoghena, R. O., Enakali-Osoba, C. & Mesagan, P. E. (2014). Financial Deepening and Performance of the Nigerian Capital Market: Empirical Evidence. Global Institute for Research and Education, 3(4), 142-151.