Ekundayo Mesagan
School of Management and Social Sciences (SMSS).
Faculty’s Field of Research: Energy & Environmental Economics
School: School of Management and Social Sciences (SMSS).
Faculty’s email address: emesagan@pau.edu.ng
Background:
Ekundayo Peter Mesagan is a distinguished Nigerian economist, academic, and policy advisor whose career spans teaching, research, consultancy, and national development planning. He is a Professor of Energy & Environmental Economics in the School of Management and Social Sciences (SMSS) at Pan-Atlantic University (PAU), Lekki, Lagos, Nigeria. He is also the Alternate Director of Research and Impact at PAU. In addition to his academic role, he serves as a research fellow at the University of Economics, Ho Chi Minh City, Vietnam, demonstrating his international engagement in economic scholarship.
He is the co-founder and non-executive director of MGIG Global Services Ltd., a Lagos-based research, training and consulting firm. His expertise has been recognised at the national level, where he contributed as a member of Nigeria’s Agenda 2050 Drafting Committee under the Federal Ministry of Budget and Economic Planning. His involvement in shaping long-term national policy underscores his commitment to political economy and strategic economic planning. He plays an active role in Nigeria’s research and policy ecosystem, serving on the Review Committee for Individual Research Project (IRP) proposals at the Nigerian Institute of Social and Economic Research (NISER), Ibadan. He is a member of the Technical and Editorial sub-committees of the Nigerian Economic Summit Group (NESG), which is a one of Africa’s leading private sector think-tank that is committed to the development of a modern globally competitive and inclusive Nigerian economy. Recently, he also served as a member the IEEE Future-Ready Workforce Africa Initiative that is designed to assess Africa’s preparedness for the digital economy, identify critical skills gaps, and align education and workforce strategies with emerging global technology.
Regarding professional membership, he is a member of the governing council of the Nigerian Economic Society (NES), which provides economic policy advisory to the federal government of Nigeria on a periodic basis. He is a full member of the Nigerian Association for Energy Economics (NAEE), and the Nigerian Institute of Management (Chartered). He is also a member of the Economic Commission for Africa Young Economists Network (ECA-YEN), the Academy of African Business and Development (AABD), and the Pan-African Coalition for Sustainable Digital Transformation (PC4DT), which focuses on advancing a sustainable, inclusive, and sovereign digital future for Africa.
Academically, Prof. Mesagan holds a B.Sc. in Economics (First Class) from Obafemi Awolowo University, an M.Sc. in Economics (Distinction) and a PhD in Economics from the University of Lagos. His doctoral thesis, titled “Effects of Trade Flows and Institutions on Environmental Quality in Sub-Saharan Africa, 1996–2016,” was awarded the best PhD thesis in the Humanities, which covers the faculties of Law, Environmental Sciences, Management Sciences, Education, Arts, and Social Sciences at the University of Lagos in 2020. A prolific researcher, he has published widely in both local and international journals. He is recognised as one of the pioneering scholars to identify capital investment as a key channel for improving the energy-pollution nexus. His interests include energy policy, environmental sustainability, and macroeconomic modelling.
Research interest: Environmental Sustainability, Energy Policy, Macroeconomic Modelling, Natural Resource Issues, and Industrial Policy Issues.
Teaching: Faculty leads courses in Microeconomics, Industrial Economics, International Economics, Statistical Theory, Mathematical Economics, Research Methodologies, and Energy/Petroleum Economics, and Environmental Economics.
Qualifications
– Ph.D. Economics: [Best PhD Thesis Award]
Department of Economics, University of Lagos, Nigeria.
– M.Sc. Economics: [Distinction]
Department of Economics, University of Lagos, Nigeria.
– B.Sc. Economics: [1ST Class]
Department of Economics, Obafemi Awolowo University, Ile-Ife, Nigeria.
Memberships, editorial boards:
– Journal of Innovation and Knowledge.
– Nigerian Journal of Economic and Social Studies.
– Econometric Research in Finance.
– Cambridge Scholars Publishing.
– International Journal of Business and Economics Research.
– BizEcons Quarterly.
– Natural Resources Conservation and Research.
Research grants, consultancy, knowledge exchange
– Research Fellowship Grant, University of Economics Ho Chi Minh City, Vietnam
– African Economic Research Consortium (AERC) PhD Thesis Grant Award
– Grant for Paper Publication from the Econometric Research in Finance, SGH Warsaw School of Economics, Poland.
– Grant for Paper Publication from the CBN Journal of Applied Statistics.
– Grant for Paper Publication from the West African Journal of Monetary and Economic Integration.
– University of Lagos (Teaching Assistantship) Post Graduate Grant Award
Books
– Okwechime, G. I., Enimakpokpo, G. A. & Mesagan, E. P. (2025). A Review of the Challenges of the Nigeria Electricity Supply Value Chain in Relation to Global Energy Transition. In: Osabohien, R. (eds) Energy Efficiency in Critical Times: Security, Economics and Transition, (pp. 229 – 245). https://doi.org/10.1016/B978-0-443-28949-1.00016-3. (Published by Elsevier).
– Mesagan, E. P., Emmanuel, P. M., Salaudeen, M. B. (2024). The Quest for Financing Environmental Sustainability in Emerging Nations: Can Internet Access and Financial Technology Be Crucial?. In: Maglaras, L.A., Das, S., Tripathy, N., Patnaik, S. (eds) Machine Learning Approaches in Financial Analytics. Intelligent Systems Reference Library, vol 254. Springer, Cham. https://doi.org/10.1007/978-3-031-61037-0_11. (Published by Springer Nature).
– Mesagan, P. E. & Yusuf, I. A. (2022). Economic Stabilisation and Performance in West Africa: The Role of Fiscal and Monetary Policy. In I. C. Nwaogwugwu & C. A. Ighodaro (Eds.), Dynamics of Fiscal and Monetary Policies in Ecowas Countries: Issues, Design and Operations (pp. 280 – 303). Published by: Fiscal and Financial Economists Society of Nigeria in conjunction with Fiscal and Monetary Economics Forum, Department of Economics, University of Lagos.
Journals
– Mesagan, E. P., & Emmanuel P. M., Ogbuji, I. A., Tabash, M. I., & Mohammed, J. (2026). Energy Transition and Governance Pathways toward Environmental Sustainability and Alleviating Energy Poverty in a Developing Region. Journal of East-West Business. https://doi.org/10.1080/10669868.2026.2631389. (C – ABDC, Q3 – Scopus). Published by Routledge Taylor & Francis Group.
– Mesagan, E. P., Ogbuji, I.A. & Amadi, P. A. (2025). Urban Energy Transition, Green Energy Access and Pollution Control: Empirical Evidence. The Nigerian Journal of Economic and Social Studies, 66(2), 323-347 (Q3 – Scopus).
– Mesagan, E. P., & Vo, X. V. (2024). The Mediating Role of Capital Investment and Financial Sector in the Energy-Pollution Discourse. Management of Environmental Quality, 35(1), 1-17. https://doi.org/10.1108/MEQ-11-2022-0306. (1 – ABS, Q1 – Scopus). Published by Emerald Insight.
– Mesagan, E. P. & Vo, X. V. (2024). The Importance of Economic Complexity in the Resource-Growth Discourse: Empirical Evidence from Africa. Journal of the Knowledge Economy, 15(1), 2772-2793.https://doi.org/10.1007/s13132-023-01227-7 (1 – ABS, C – ABDC, Q2 – Scopus). Published by Springer Nature.
– 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 (2 – ABS, B – ABDC, Q1 – Scopus). 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. (2 – ABS, B – ABDC, Q1 – Scopus). Published by Elsevier Inc.
– 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. (1 – ABS, B – ABDC, Q2 – Scopus). Published by Springer Nature.
– Evans, O., Nwaogwugwu, I, Wale-Awe, O., Mesagan, E. & Ojapinwa, T. (2023). The socio-economics of the 2023 fuel subsidy removal in Nigeria. BizEcons Quarterly, 17, 12-32. Published by Strides Educational Foundation.
– 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. (B – ABDC, Q1 – Scopus). 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. (2 – ABS, B – ABDC, Q1 – Scopus). 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. (2 – ABS, A – ABDC, Q1 – Scopus). 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, 16, e01207. https://doi.org/10.1016/j.sciaf.2022.e01207 (Q1 – Scopus). 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, 29(44), 66438-66449. https://doi.org/10.1007/s11356-022-20532-3. (Q1 – Scopus). 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 (Q1 – Scopus). 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 (Q1 – Scopus). 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 (1 – ABS, Q1 – Scopus). 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, 13, 2840–2867. https://doi.org/10.1007/s13132-021-00842-6. (1 – ABS, C – ABDC, Q2 – Scopus). 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. (1 – ABS, B – ABDC, Q2 – Scopus). 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. (1 – ABS, B – ABDC).
– 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.
– Mesagan, E. P., Ajide, K. B. & Vo, X. V. (2021). Dynamic Heterogeneous Analysis of Pollution Reduction in SANEM Countries: Lessons from the Energy-Investment Interaction. Environmental Science and Pollution Research, 28(5), 5417-5429 https://doi.org/10.1007/s11356-020-10865-2. (Q1 – Scopus). Published by Springer Nature.