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Adedoyin LAWAL

Research Professor
college of Management and Social Sciences (COMSS)
Economics Programme

Research Professor of Economics, Bowen University, Iwo.
At the moment, I am a Research Professor of Economics and the Head of the Economics Department, at Bowen University, Iwo, Nigeria, where I teach and conduct research in Economic Sciences. I was an Associate Professor/ Reader at the Department of Accounting and Finance, Landmark University, Nigeria, where I taught and conducted research in Agriculture, Energy, and Financial Economics. I completed my Ph.D. in Finance at the prestigious Covenant University, Ota, Nigeria in the year 2017. I previously earned my bachelor’s degree in Economics at the University of Ilorin, Nigeria in the year 2006 and a Master’s in Banking and Finance, at the Department of Economics, Bayero University, Kano, Nigeria in the year 2010. 
I have more than a hundred and fifty academic peer review publications with more than seventy (70) of them, indexed in SCOPUS/Web of Science. My papers had been published in reputable outlets like Bioresources Technology (Elsevier), Energy Strategy Reviews (Elsevier), Energy (Elsevier), Resources Policy (Elsevier), Energy Report (Elsevier), African Journal of Economic and Management Studies (Emerald), National Institute Economic Review (Cambridge University Press), Energies (MPDI), among others. 
I was ranked as the number 9 most productive economic researcher in Nigeria by the AD-Scientific Index ranking for two consecutive times (for the years 2021 and the year 2022). By the AD-Scientific ranking, I was ranked number 2 in energy economics and number 1 in financial economics. I was also ranked among the top 500 researchers in all fields in Nigeria, ranked number 255, 119, and 75 for the years 2019, 2021, and 2022 respectively by SCOPUS/SCIVA. In the international space, I was ranked among the global top researchers on sustainability in the year 2022 by the Inter-University Sustainable Development Research Programme https://esssr.eu/list-of-sustainability-researchers-and-ranking-of-sustainability-researchers/ . I was equally ranked number 57 top researcher in economics and Business in Africa by SCOPUS/SCIVA (2013-2022)
I have equally participated in some internationally funded projects: The National Natural Science Foundation of China (Grant No. 71473070); Humanity and Social Science Youth Foundation of the Ministry of Education of China (Grant No. 18YJC790216); and the Technology Project of Headquarters of China’s State Grid Co., Ltd (Grant SGFJJY00GHJS1900003)
In addition to my publication’s achievements, my papers have been read in academic conferences held at Harvard University, USA, Imperial College, UK, and a number of conferences held here in Africa. I also serve as a reviewer and Editorial Board member of several reputable academic journals. Besides, I am a member of the America Economic Association, America Finance Association, Africa Finance and Economic Association, and Chartered Institute of Bankers of Nigeria, among others.
One of my media coverages can be found at https://fb.watch/df0i0L3e3K/

Education
  • B.Sc. Economics, University of Ilorin
  • Masters, Banking and Finance, Bayero University, Kano
  • Ph.D, Covenant University
Research

Energy Economics; Financial Economics; International Economics; Macroeconomics; Monetary Economics; Public Affairs

Selected Publications
  1. AI Lawal (2023). Determinants of Renewable Energy Consumption in Africa: Evidence from System GMM Energies 16 (5), 2136
  2. AI Lawal (2023). The Nexus between Economic Growth, Energy Consumption, Agricultural Output, and CO2 in Africa: Evidence from Frequency Domain Estimates Energies 16 (3), 1239
  3. AJ Asaleye, H Inegbedion, AI Lawal, OK Adeleke, UA Osakede EB Ogunwole (2023). Revamping agricultural sector and its implications on output and employment generation: Evidence from Nigeria Open Agriculture 8 (1) https://www.degruyter.com/document/doi/10.1515/opag-2022-0140/html
  4. AI Lawal, E. Oseni, BB, Lawal-Adedoyin, AO Dicktonye, EB Ogunwole (2022). Examining rational bubbles in global natural gas prices: Evidence from frequency domain estimates. Energy Strategy Reviews (Elsevier) 44, 100979
  5. AI Lawal, BB Lawal-Adedoyin, O Olakanmi, TK Samson, TI Nwanji, AS Ajayi, SA Fakile, E. Oseni, O Oyelude, G. Adigun (2022). Examining the link between technical efficiency, corporate governance and financial performance of firms: Evidence from Nigeria. Journal of Risk ad Financial Management, 15(11),
  6. AI Lawal, E Oseni, BB Lawal-Adedoyin, J IseOlorunkanmi, AJ Asaleye, H Inegbedion, M Santanu, A DickTonye, O Olagunju, E Ogunwole (2022). Impact of macroeconomic variables on the Nigerian manufacturing sector. Cogent Economics & Finance 10(1) 2090664
  7. AI Lawal, AA Salisu, AJ Asaleye, E Oseni, BB Lawal-adedoyin, SO Dahunsi, EO Omoju, AO Dicktonye, EB Ogunwole & AA Babajide. (2022). Economic Growth, Exchange Rate and Remittance Nexus : Evidence from Africa. Journal of Risk and Financial Management 15: 235. https://doi.org/10.3390/ jrfm15060235 
  8. AA Salisu, XV Vo, A Lawal (2021). Hedging oil price risk with gold during COVID-19 pandemic. Resources Policy (2021), doi: https://doi.org/10.1016/j.resourpol.2020.101897 (Scopus & SSCI indexed)
  9. AI Lawal, I Ozturk, IO Olanipekun, AJ Asaleye (2020). Examining the linkages between electricity consumption and economic growth in African economies. Energy, 118363 Elsevier (Scopus & SSCI indexed)
  10. BO Obasaju, WK Olayiwola, H Okodua, OS Adediran, AI Lawal (2021). Regional economic integration and economic upgrading in global value chains: selected cases in Africa. Heliyon 7 (2021) e06112 (Scopus & SSCI indexed)
  11. Adeleye BN, Osabohien R, Lawal AI, De Alwis T (2021) Energy use and the role of per capita income on carbon emissions in African countries. PLoS ONE 16(11): e0259488. https://doi.org/10.1371/journal.pone.0259488
  12. J Li, OE Omoju, J Zhang, EE Ikhide, G Lu, AI Lawal, VA Ozue (2020). Does intellectual property rights protection constitute a barrier to renewable energy? An econometric analysis National Institute Economic Review 251, R37-R46, Cambridge University Press (Scopus & SSCI indexed)
  13. AI Lawal, SO Dahunsi, AA Babajide, AJ Asaleye, JO Iseolorunkanmi, (2020). Examining the Effects of Oil Price Long Memory and Exchange Rate Long Memory on Stock Market Behavior in Nigeria. International Journal of Energy Economics and Policy 10 (4), 430-436 (Scopus indexed)
  14. AA Babajide, FA Okunlola, E Nwuba, AI Lawal* (2020). Wagner proposition in Nigeria: An econometric analysis. Heliyon 6 (8), e04680 Elsevier (Scopus & Web of Science indexed)
  15. DF Eluyela, AJ Asaleye, O Popoola, AI Lawal & H Inegbedion (2020). Grey directorscorporate governance and firms performance nexus: Evidence from Nigeria Cogent Economic & Finance 8(1), 1815962 (Scopus & Web of Science indexed)
  16. AI Lawal, OE Omoju, AA Babajide, AI Asaleye (2019). Testing mean-reversion in agricultural commodity prices: Evidence from wavelet analysis. Journal of International Studies 12 (4), 100-114 (Scopus & Web of Science indexed)
  17. OS Oladejo, SO Dahunsi, AT Adesulu-Dahunsi, SO Ojo, AI Lawal (2020) Energy generation from Anaerobic Co-digestion of Food waste, Cow dung and Piggery dung. Bioresource Technology, 123694 Elsevier (Scopus & SSCI indexed)
  18. O. J. IseOlorunkanmi, A. F. Barnabas, A. O. Grace, R. E. Mathew, H. Nweke-Love, T. Adebisi & AI Lawal (2021). COVID-19 pandemic: Nigerian University lecturers’ response to virtual orientation. Cogent Arts & Humanities 8(1), 1932041(Scopus & Web of Science indexed)
  19. JO IseOlorunkanmi, ME Rotimi, OG Ademola, AI Lawal & NLC Henry (2021). Challenges in Nigeria’s education sector and the migration of Nigeria postgraduate students to South Africa. Cogent Social Sciences 7(1), 1890897 (Scopus & Web of Science indexed)
  20. AJ Asaleye, PO Alege, AI Lawal, O Popoola, AA Ogundipe (2020). Cash crops financing, agricultural performance, and sustainability: evidence from Nigeria African Journal of Economic and Management Studies Emerald (Scopus & Web of Science indexed)
  21. IA Olanrele, AI Lawal*, E Oseni, AO Adekunle, B Lawal-Adedoyin, CO Elleke, R Ojeka-John, H Nweke-Love (2020). Accessing the impacts of contemporary development in biofuel on agriculture, energy and domestic economy. International Journal of Energy Economics and Policy 10(5), 469-478 (Scopus indexed)
  22. AA Babajide, AI Lawal, LO Amodu, AJ Asaleye, OO Ewetan, FO Olokoyo, (2020) Challenges of accountability in Nigeria: the role of deposit money bank Journal of Money Laundering Control, Emerald, (Scopus & Web of Science indexed)
  23. H Inegbedion, E Sunday, A Asaleye, AI Lawal, A Adebanji (2020). Managing Diversity for Organizational Efficiency. SAGE Open 10 (1), 2158244019900173 (Scopus & SSCI)
  24. AA Babajide, AI Lawal, L Amodu, OO Ewetan, S Esowe & T Okafor (2020). Financial Institution Concentration and Financial Inclusion Penetration in Nigeria: A Comparative Analysis. Journal of Contemporary African Studies DOI:10.1080/02589001.2020.1822991 Taylor and Francis (Scopus indexed)
  25. A Babajide, AI Lawal, A Asaleye, T Okafor, G Osuma (2020). Financial stability and entrepreneurship development in sub-Sahara Africa: Implications for sustainable development goals. Cogent Social Sciences 6 (1), 1798330 Taylor and Francis (Scopus & Web of Science indexed)
  26. AA Babajide, AI Lawal et al (2020). Financial technology, financial inclusion and MSMES financing in South-West of Nigeria. Academy of Entrepreneurship Journal, 26(3) (Scopus Indexed)
  27. OO Oyetade, A Asaleye, O Popoola, AI Lawal (2020). Agricultural Export and Macroeconomic Factors in Nigeria: The Bound Test Approach. International Journal of Energy Economics and Policy 10 (2), 165-169 (Scopus indexed)
  28. SO Dahunsi, CO Osueke, TMA Olayanju, AI Lawal (2019). Co-digestion of Theobroma cacao (Cocoa) pod husk and poultry manure for energy generation: Effects of pretreatment methods. Bioresource Technology 283, 229-241 Elsevier (Scopus & SSCI Indexed)
  29. IA Olanrele, AI Lawal, SO Dahunsi, AA Babajide, JO IseOlorunkanmi (2020). The impact of access to electricity on education and health sectors in Nigeria’s rural communities. Entrepreneurship and Sustainability Issues 7 (4), 3016-3035 (Web of Science indexed)
  30. CO Manasseh, NO Chukwu, FC Abada, JE Ogbuabor, AI Lawal, FC Alio (2019). Interactions between stock prices and exchange rates: An application of multivariate VAR-GARCH model Cogent Economics & Finance 7 (1), 1681573 Taylor and Francis (Scopus & Web of Science indexed)
  31. AI Lawal, AJ Asaleye, H Inegbedion, JD Ojeka, SK Adekunle, E Olaniyan, (2019). Does Commercial Banking Activities Exerts on Agricultural Growth in Nigeria? Evidence from ARDL Framework. Academic Journal of Interdisciplinary Studies 8 (4), 146-146 ((Scopus indexed))
  32. AJ Asaleye, CO Aremu, AI Lawal, H Inegbedion, O Popoola, SO Adewara (2019). Oil price shock and macroeconomic performance in Nigeria: Implication on employment. International Journal of Energy Economics and Policy 9 (5), 451-457 (Scopus indexed)
  33. AI Lawal, A. Olayanju, AA Salisu, A Asaleye, O Dahunsi, O Dada, OE Omoju, OR Popoola, (2019). Examining Rational Bubbles in oil prices: Evidence from frequency domain estimates. International Journal of Energy Economics and Policy 9(2), 166-173 (Scopus indexed)
  34. AJ Asaleye, AI Lawal, O Popoola, PO Alege, OO Oyetade (2019). Financial integration, employment and wages nexus: Evidence from Nigeria. Montenegrin Journal of Economics 15 (1), 141-154 (Scopus & Web of Science indexed)
  35. A.I Lawal, Babajide, A. A., NWANJI, T.I., Eluyela, D. F (2018). Are Oil Prices Mean Reverting? Evidence from Unit Root Tests with Sharp and Smooth Breaks. International Journal of Energy Economics and Policy ISSN: 2146-4553 available at http: 2018, 8(6), 292-298. http://www.econjournals.com (Scopus indexed)
  36. AI Lawal, E Fidelis, A Babajide, B Obasaju, O Oyetade, B Lawal-Adedoyin, (2018). Impact of Fiscal Policy on Agricultural Output in Nigeria. Journal of Environmental Management and Tourism 9 (7), 1428-1442 (Scopus indexed)
  37. AJ Asaleye, O Popoola, AI Lawal, A Ogundipe, O Ezenwoke (2018). The credit channels of monetary policy transmission: implications on output and employment in Nigeria. Banks & Bank Systems, 103-118 (Scopus indexed)
  38. AI Lawal, AJ Asaleye, J Iseolorunkanmi, O Popoola (2018). Economic growth, agricultural output and tourism development in Nigeria: An application of the ARDL bound testing approach. Journal of Environmental Management and Tourism 9 (4), 786-794 (Scopus indexed)
  39. H Inegbedion, E Obadiaru, B Obasaju, A Asaleye, A Lawal (2018). Financing Agriculture in Nigeria through Agricultural Extension Services of Agricultural Development Programmes (ADPs). F1000Research 7 (Scopus indexed)
  40. AI Lawal, TI Nwanji, IJ Adama, AO Otekunrin (2018). Examining the Nigerian stock market efficiency: Empirical evidence from wavelet unit root test approach. Journal of Applied Economic Sciences 12 (Scopus indexed)
  41. SO Dahunsi, S Oranusi, VE Efeovbokhan, A Olayanju, S Zahedi, (2018). Biogas generation from Sorghum bicolor stalk: Effect of pretreatment methods and economic feasibility. Energy Reports 5 (2019) 584–593 Elsevier (Scopus & SSCI indexed)
  42. OA Fashina, AJ Asaleye, JO Ogunjobi, AI Lawal (2018). Foreign aid, human capital and economic growth nexus: Evidence from Nigeria. Journal of International Studies 11 (2), 104-117 (Scopus & Web of Science indexed)
  43. AI Lawal, SR Olukayode, BA Ayopo (2017). Are African stock markets efficient? Evidence from wavelet unit root test for random walk. Economics Bulletin 37 (4), 1-16 (Web of Science indexed)
  44. AI Lawal, TI Nwanji, A Asaleye, V Ahmed (2016). Economic growth, financial development, and trade openness in Nigeria: An application of the ARDL bound testing approach. Cogent Economics & Finance 4 (1), 1258810 (Scopus & Web of Science indexed)
  45. AI Lawal, A Frank, BK Leke (2015). Can Nigeria Achieve Millennium Development Goals? The Journal of Social Sciences Research 1 (6), 72-78 (Scopus indexed)
  46. AI Lawal, O Olubukoye, OD Eseosa, O Olufemi (2014). Has Financing Poverty Reduction Scheme Help to Alleviate Poverty? Evidence from Nigeria. Humanities and Social Sciences Letters 2 (2), 81-92 
  47. AI Lawal, Russell Olukayode Somoye (2017). The effect of fiscal and monetary policies interaction on stock market performance: evidence from Nigeria. Future Business Journal 4 (1), 16-33 (Web of Science indexed)
  48. AI Lawal, EO Amogu, JO Adeoti, MA Ijaiya (2017). Fraud and business cycle: Empirical evidence from fraudsters and fraud managers in Nigeria. Studies in Business and Economics 12 (1), 110-128 (Web of Science indexed)
  49. AI Lawal, TI Nwanji, OO Opeyemi, IJ Adama (2018). Can corporate governance mechanisms deter earnings management? Evidence from firms listed on the Nigerian Stock Exchange. Aestimatio: The IEB International Journal of Finance, 220-233 (Web of Science indexed)
  50. AI Lawal (2016) Clinical analysis of the contributions of microfinance institutions in Nigeria. Studies in Business and Economics, 9(1), 95-108
  51. AI Lawal, E Oseni, AA Babajide, B, Lawal-Adedoyin & F Bonetipin (2020). The impact of International Financial Reporting Standard (IFRS) adoption on key financial rations in Nigeria. Humanities & Social Sciences Review 8(4), July 2020, 289-300
  52. AI Lawal, E Oseni, AJ Asaleye, B Lawal-Adedoyin, CO Elleke (2020). Determination of share price of agroallied firms: evidence from Nigeria. Humanities and Social Sciences Reviews 8(4) August, 515-521
  53. AI Lawal, Kazi, K. P., Adeoti, J. O., Osuma, O. G., Akinmulegun, S. O., Ilo, B. (2017). Capital flight and the economic growth: Evidence from Nigeria. Binus Business Review 8(2) pp125-132
  54. BA Ayopo, AI Lawal*, SR Olukayode (2016). Stock market volatility: Does our fundamentals matter? Ikonomicheski Izsledvania 25 (3), 33-42 (Scopus & Web of Science indexed)
  55. AI Lawal, AI Oluwafunke, A Victor, A Asaleye (2016). Exchange rate fluctuation and the Nigeria economic growth. EuroEconomica 35 (2), 127-142
  56. AI Lawal, BM Babalola, AO Otekunri, JO Adeoti (2016). External debt and economic growth: Evidence from Nigeria. Acta Universitatis Danubius Œconomica 12 (6) 179-194
  57. AI Lawal, SR Olukayode, BA Ayopo (2016). Impact of oil price shocks and exchange rate volatility on stock market behavior in Nigeria. Binus Business Review, 7 ((2)), 171-177
  58. AI Lawal, F Awonusi, MI Oloye (2015). All share price and inflation volatility in Nigeria. An application of the EGARCH model. EuroEconomica 1 (34), 75-82
  59. AI Lawal (2014). Tactical assets allocation: Evidence from the Nigerian banking industry. Acta Universitatis Danubius. Œconomica 10 (2), 193-204
  60. AI Lawal (2014). Capital structure and the value of the firm: evidence from the Nigeria banking industry Journal of Accounting and Management 4 (1), 31-41
  61. AI Lawal, Oloye, M. I., Otekunrin, A. O., & AJAYI, S. A. (2013). Returns on Investments and Volatility Rate in the Nigerian Banking Industry. Asian Economic and Financial Review, 3(10):1298-1313 
  62. AI Lawal, B Obasaju, EM Rotimi (2012).Towards achieving millennium development goals (MDGs) in Nigeria: Prospect and challenges Journal of Economics and Sustainable Development 3 (9), 74-82