Faculty Profile

Prof. Perekunah Bright Eregha

Prof. Eregha is a Professor of Macroeconomics at the School of Management and Social Sciences, Pan-Atlantic University. Perekunah Bright Eregha holds a Doctorate Degree in Economics from the collaboration of African Economic Research Consortium (AERC) and University of Benin, Benin City, Nigeria. He has also undergone courses & training in DSGE modeling in University of Surrey, Guildford, London, UK and Panel Data Analysis by the AERC in Tanzania.

Prior to joining Pan-Atlantic University, he was a Senior Research Economist at the Research Department of the Nigerian Deposit Insurance Corporation (NDIC), Abuja and was also a Senior Lecturer at the Department of Economics, University of Lagos. His research areas are Macroeconomic Policy Analysis, International Finance and Economic Modeling.

At the University of Lagos, He was teaching Advance Macroeconomics, Econometrics and Simultaneous Equation Modeling to both Undergraduate and Postgraduate students including PhD students and has supervised more than 50 postgraduate Theses as well as participated on the University Research and Innovation Committee. He helped to design the Centre for Economic Policy and Analysis for the University. He was also teaching Economics of Business (Micro and Macro Economics) on the University MBA Executive programme.

Prof. Eregha was among the five consultants that built the Nigerian Economic Summit Group (NESG) Medium Term Macroeconometric Model on Nigerian Economy. He was a Visiting Research Fellow in the Macroeconomics Policy, Forecasting and Research Department of the African Development Bank, Cote D’voire where he led a team of researchers to undergo a study on the exchange rate management dilemma Nigeria was facing in the last oil price plunge titled, “Nigeria: Should the Government Float or devalue the Naira?” which is already published by the AfDB. He has won a number of research grants from both local and international organizations and also gotten two invitations by the Oxford University, United Kingdom to present papers on Africa Development Issues at the Centre for the Study of African Economies, St Catherine College, Oxford University, Oxford.

Prof. Eregha has published well over 40 articles and/or contributions to books and presented papers in both local and international conferences. He is an external reviewer to several referred journals and external assessor to other Universities. His membership of learned Societies and Professional Body include: African Growth and Development Policy Modeling Consortium, Nigerian Economic Society, African Econometric Society, African Economic Research Consortium, Risk Managers Association of Nigeria and the African Institute of Applied Economics.

Prof. Eregha also speaks and presents lectures on so many issues such as Financial Freedom, Starting and Sustaining a Successful Business, SMEs and Entrepreneurship Development in a Developing Economy, Peace and Productivity, Purpose, Leadership, Qualitative and Quantitative Research Methodology and many others.

Prof. Eregha is married to Patience Eregha and they are blessed with three boys: Divine, Dominion and Delight.

PUBLICATIONS

Journal Article:

P. B. Eregha (2019). Exchange Rate Regimes and FDI Flows in WAMZ. International Economics Journal. Vol 33. Forthcoming. Taylor and Francis
P. B. Eregha (2019). Exchange Rate, Uncertainty and FDI Inflow in West African Monetary Zone. Global Business Review. 20 (4): 1-21. Sage Publishers
Festus Egwaikhide and P. B. Eregha (2018). Globalization and Monetary Policy Rule in WAMZ: A Generalized Method of Moment Approach. Applied Econometrics, 49: 75-66.
P. B. Eregha, I.R. Irughe and Edafe Joel (2018). Education and Economic Growth: Evidence from Nigeria. Managing Global Transition. 16(1): 59-77. University of Primorska, Slovenia.
B. Eregha and Mesagan, Ekundayo (2017). Energy Consumption, Oil Price and Macroeconomic Performance in Energy Dependent African Countries. Applied Econometrics. 46: 74-89
B. Eregha, A. Ndoricimpa.,S. Olakojo.,M. Nchake., O. Nyangoro., and E. Togba (2016). Nigeria: Should the Government Float or devalue the Naira? African Development Review 28(3):247-263. Wiley Publishers
B. Eregha and G.A. Odeyemi (2016). Oil Price Volatility and Macroeconomic Performance in Selected African Countries. Journal of Economic Policy Analysis,1(2): 161-180. University of Lagos
B. Eregha and Oziegbe, Tope (2016). Official Development Assistance, Volatility and Per Capita Real GDP Growth in Sub-Saharan African Countries: A Comparative Regional Analysis. Journal of Developing Areas, 50(4): 361-380 . Tennesse State University, USA.
B. Eregha and Mesegan, Ekundayo (2016). Oil Resource Abundance, Institution and Growth: Evidence from Oil Producing African Countries. Journal of Policy Modeling, 38: 603-619. Elsevier.
Eregha, P.B and Onotaniyohwo, F.O (2016). Determinants of Foreign Direct Investment Inflow in Sub-Saharan African Countries: A Cross Sectional Analysis. International Journal of Economics, 10 (1): 27-47.
Eregha, P.B. and Ijeoma N. Alajuronye (2015). The Impact of Foreign Aid on Tax Revenue in Nigeria. West African Financial and Economic Review, 13 (2): 103-129.WAIFEM
Eregha, P.B., Mesagan, Ekundayo & Ayoola, Olawale (2015). Petroleum Products Prices and Inflationary Dynamics in Nigeria. The Empirical Econometrics and Quantitative Economics Letters4(2015): pp. 108-122
Ofori-Boateng, K., Eregha, P.B., Insah Baba.Climate conditions and cocoa yields in ECOWAS countries: fully modified OLS approach. International Journal of Green Economics 9(2):182-198.Inderscience
Ajide, K. B and Eregha, P.B. (2015). Foreign Direct Investment, Economic Freedom and Economic Performance in Sub Saharan Africa. Managing Global Transitions 13(1): 43-57.
University of Primorska, Slovenia.
P.B. Eregha (2015). Foreign Direct Investment Inflow, Volatility and Domestic Investment in West Africa. Journal of Developing Areas, 49 (2):271-292. Tennesse State University, USA
P.B. Eregha and N.I. Nwokoma. (2014). FDI and The Environment: Evidence from The Fully Modified OLS and Dynamic OLS Approaches in WAMZ. West African Financial and Economic Review, 11(1): 81-94. WAIFEM.
Ajide, K.B and Eregha, P.B (2014). Economic Freedom and Foreign Direct Investment in ECOWAS Countries: A Panel Data Analysis. Applied Econometrics and International Development,14(2): 163-174
Eregha, P.B and Ajide, K.B (2014). Economic Freedom and Economic Growth in ECOWAS Countries: A Panel Data Approach. The Empirical Economics Letters, 13 (5):557-562
P.B. Eregha., J.S. Babatolu and R.T. Akinnubi (2014). Climate Change and Crop Production in Nigeria: An Error Correction Modelling Approach. International Journal of Energy Economics and Policy 4(2):297-311
Eregha, P.B (2013). Domestic Investment and Economic Growth in ECOWAS Countries: DO Institutions and Governance Matter? Nigerian Journal of Economic and Social Studies(NJSS), 55(3):429-451. Nigerian Economic Society (NES)
Sede, I.P. and P.B. Eregha (2013). An Econometric Assessment of the Impact of Globalization on Unemployment Rate in Nigeria. New Era Journal of Human, Educational & Sustainable Development, 6(4): 68-73. Ambrose Alli University, Ekpoma.
Eregha, P.B and I.R. Irughe (2013). Public Investment on Education and Non-Oil Growth in Nigeria. Benin Journal of Social Sciences, 21(2): 106-122. University of Benin
Eregha, P.B (2013). “Aid Flows and Growth Diagnosis: Empirical Evidence for a Panel of ECOWAS Countries. Economic Bulletin 33(4):2627-2633
Eregha, P.B (2012). “The Dynamic Linkages Between FDI Inflow and Domestic Investment in ECOWAS countries: A Panel Cointegration Analysis.” African Development Review, 24(3):208-220. Wiley Publisher
Eregha, P.B., Sede, P.I and Ibidapo, C.O.K (2012). “Foreign Aid Flows, Investment and Economic Growth in Africa: Does Uncertainty Matter?” African Journal of Social Sciences, 2(2): 100-107.UK
Eregha, P.B., Sede, P.I., Oziegbe, T.R and Onotaniyohwo, F.O (2012). “Output Composition of the Manufacturing Sector and Household Consumption in Nigeria: Evidence from a Vector Autoregressive Approach.”Journal of Economic Theory, 6(2):70-75
Eregha, P.B., Sede, P.I and Onotaniyohwo, F.O (2012). “Does the Composition of Public Expenditure Matter for Growth in Nigeria: A Vector Error Correction Approach.”Pakistan Journal of Social Sciences, 9(3): 125-131
Eregha, P.B (2012). “Oil Price Volatility and Inflationary Dynamics in Nigeria: A Koyck Tranformation Approch.” The Empirical Economics Letters, 11(12):1219-1226.
Eregha, P.B (2012). “Does FDI Inflow Crowds in Domestic Investment in Africa: A Comparison of Nigeria and Ghana.” International Journal of Economics, 6(2):299-307.
Eregha, P.B (2010). “Interest Rate Variation and Investment Determination in Nigeria. International Business Management,4(2): 41-46
Ofori-Boateng, K and Eregha, P.B (2010). “On the Micro-foundations of Money Demand Theory and Empirics: Evidence on Nigeria”. International Journal of Economics, 4(2): 351-371
Eregha, P.B. (2009).“Foreign Aid Growth and Determinants in Nigeria: Autoregressive Framework”. Pakistan Journal of Social Science, 6(5) :309-312
Eregha, P.B. and I.R. Irughe (2009).“An Empirical Analysis of the Short-run and Long-run Impacts of Foreign Aid on Domestic Savings in Nigeria”. Journal of Economic Theory, 3(3) :53-56.
Eregha, P.B and I.R. Irughe (2009): “Oil Induced Environmental Degradation in the Nigeria’s Niger Delta: The Multiplier Effects”. Journal of Sustainable Development in Africa, 11(4):160-175. Clarion University of Pennsylvania, USA
Eregha P.B and I.R. Irughe (2009): An X-ray of Educational Expenditure in Nigeria: The Economic Multiplier Effects. Journal of Management and Enterprise Development, 6(2): 63-67. University of Abuja
Irughe, I.R and Eregha, P.B (2010). “Educational Development in a Globalized World: Perspectives in Nigeria”. Review in Social Sciences, 8(1) Pp 76-88.
Chapters in Book:

P.B. Eregha, & 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. A Festschrift in Honour of Professor Michael Adejugbe Lagos, Nigeria. pp. 57 – 87.
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. A Festschrift in Honour of Professor Oluwatayo Fakiyesi. Lagos, Nigeria pp. 251 – 263.
Nwokoma, N.I., Eregha, P.B and Omojolaibi, J.A. (2016). “Nigeria’s Recent GDP Rebasing and Re-benchmanrking: Issues and Implications”. In Adenikinju, A., Jerome, A and Ogunkola, O (eds.): The Quest for Development, Essays in Honour of Professor Akin Iwayemi. Centre for Petroleum Enenrgy Economics and Law (CPEEL), University of Ibadan. Chapter 25, Pp. 697-721
Adegboye, A.C and Eregha, P.B. (2016). Industrial Policy Formulation and Implementation in Nigeria: The Role of Multinational Corporations. In Ndubisi I. Nwokoma and Wakeel A. Isola (eds.). “Nigeria’s Industrial Development, Corporate Governance and Public Policy” Essays in Honour of Professor Michael. O. Adebulugbe, (Eds):, University of Lagos Press. Chapter 17, pp 307-325
Eregha, P.B., T.R. Oziegbe & F.O. Onotaniyohwo (2013). “Macro-Modeling and Environmental Policy”. In Ikuejube & Salami (eds.): Contemporary Issues in the Socio-Economic and Political Development in Nigeria. Ibadan. John Archers (Publishers) Ltd. Pp. 243-255
Eregha, P.B (2009). Understanding Economic Growth and Development: Perspectives in Nigeria.In: Igweike C.A and Ibidapo, C.O.K (eds.) Basic Concepts in Economics and Mathematics.Ondo.Ore-Ofe.
Published Working Papers:

Eregha, P.B. (2017). Exchange Rate Policies and FDI Inflows in WAMZ. African Development Bank Working Paper No. 254.
Irughe, I.R., B. Eregha and Edafe Joel (2015). Education and Economic Growth: Empirical Evidence from Nigeria. African Economic Research Consortium (AERC) Working paper 2015.
Babatolu, J.S., B. Eregha. and R.T. Akinnubi (2014). Climate Change: Trends, Impact on Water Supply and Agriculture (1941-2010). TETFUND Working paper No 2014
CONFERENCES:

Eregha P.B, Olowokere,A and Ken Shawa 2009. Panel Data Analysis with Eviews and Stata. A Paper Presented at the AERC/JFE Seminar,Nairobi, Kenya. September, 2009.
Eregha P.B.2008. Educational Development in a Globalized World: Perspectives in Nigeria. A Paper Presented at the 2008 National Conference Organized by the Faculty of Education, University of Jos, Jos.
Eregha P.B. 2007. Educational Expenditure in Nigeria: Issues and Implications. A paper Presented at the 2nd Annual Conference Organized by the College of Education Academic Staff Union held at the Federal College of Education, Akoka-Lagos between 13th-16th
Eregha, P.B (2010). “Oil Exploration and Biodiversity Depletion in the Nigeria’s Niger Delta: Issues and Implications. Paper presented at the 3rd Nigeria Association for Energy Economics (NAEE)/International Association for Energy Economics (IAEE) International Conference, New Chelsea Hotel, Abuja. 19th-20th , 2010.
Eregha, P.B (2011). “The Dynamic Linkages Between FDI Inflow and Domestic Investment in ECOWAS countries: A Panel Cointegration Analysis. Paper Presented at 25th Annual Conference of the Centre for Study of African Economics, Oxford University, Oxford, UK. 20th-22nd March, 2011.
Eregha, P.B (2011). “Sustainable Energy and Sustainable Development: What is the Way Forward for Nigeria? .Paper presented at the 4th NAEE/IAEE International Conference, Sheraton Hotels and Towers, Abuja. 27th-29th, April, 2011.
Eregha, P.B (2011). “The Inflow of FDI and Domestic Investment Dynamics in West Africa: An analysis of the Complementary or Substitution Effect. A Paper Accepted for Presentation at the 16th Annual conference of the African Econometric Society, Nairobi, Kenya. 13th-15th July, 2011.
Eregha, P.B (2012). “Oil Price Volatility and Inflationary Dynamics in Nigeria: A Combination of GARCH and Rolling Window Approaches. A Paper Presented at the 5th NAEE/IAEE International Conference, Sheraton Hotels and Towers, Abuja. 23rd-24th April, 2012.
Eregha, P.B (2014). Is Per Capita GDP Growth Hampered by Weak Institutions and Poor Governance in ECOWAS Countries? A Panel Data Analysis. A Paper Present at the CSAE 2014 Annual Conference at St. Cathering’s College, Oxford University, Oxford between 23rd March to 25th March, 2014.
Nwokoma, N.I., B. Eregha and J.A. Omojolaibi (2014). Nigeria’s Recent GDP Rebasing And Re-benchmarking: Issues And Implications. Being a Paper Presented at the Macroeconomics Special Session of Nigerian Economic Society (NES) 2014 Conference, Sheraton Hotel, Abuja. 10th– 13th November, 2014
A. Omojolaibi and P.B. Eregha (2014). Recent Issues in the Development of Policy Models in Emerging-Economies Macroeconomics. Being a Paper Presented at the Macroeconomics Special Session of Nigerian Economic Society (NES) 2014 Conference, Sheraton Hotel, Abuja. 10th– 13th November, 2014.
Eregha, P.B., Irughe I.R. and Edafe Joel (2015). Education and Sectoral Growth in Nigeria. A Paper presented at the AERC Biannual Conference on Development in Africa. Arusha-Tanzania. June, 2015.
Eregha, P.B. (2019). Asymetric Response of CPI Inflation to Exchange Rates in Nigeria. A paper presented at the AERC Biannual Conference on Looming Debt Crisis in Africa at Westin Cape-Town Hotel, Cape-Town, South Africa. June, 2019

Research Grants Received and Study Completed:

Research Grant of $7,500 received from the African Economic Research Consortium (AERC) to fund a Research Project titled, The Inflow of Foreign Direct Investment and the Accumulation of Domestic Investment in West Africa. Research Study completed and Submitted to the AERC, 2012.
Research Grant of $20,000 received from TETFUND to fund a Research Project titled “Climate Change: Trends, Impact on Water Supply and Agriculture (1941-2010). Research Study completed and Submitted to TETFUND., 2014.
Research Grant of $12,500 received from African Economic Research Consortium (AERC), Nairobi to fund a Research Project tilted “Education and Economic Growth: Empirical Evidence from Nigeria. Research Study completed and Submitted to the AERC, 2015
Research Grant of $40,700 received from the Nigerian Economic Summit Group (NESG) to a Medium Term Macroeconometric model of 50 Equations on the Nigerian Economy Known as NESG-MACMOD, 2016. Research Study completed and Submitted to the NESG.
Research Grant of $15,000 received from the African Economic Research Consortium and the African Development Bank to fund a Research Project titled, “Exchange Rate Regimes, Inflationary Expectations and FDI Flows in WAMZ”. Research Study completed and Submitted to the AERC and African Development Bank. 2016.
Voice and Voting Power of the Minority Shareholder in Nigeria. A completed Research Project in collaboration with Usman and Associate, Abuja. A national Assignment.