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Dr. Okey O Ovat

Senior Lecturer

I am Dr. Okey Oyama Ovat. I joined the services of University of Calabar in June, 2000, as an academic staff in the Department of Economics. I hold B.Sc., M.Sc., and Ph.D. degrees in Economics. I attended University of Calabar where I got all my degrees. My areas of specialization are Monetary Economics, Development Economics and Economic Theory. I am a recipient of several awards of Honours which include: Integrity in Professionalism Award (IPA), Fellow Human & Natural Resources (FHNR) Award, Distinguished Excellence Award as Best University Lecturer/HOD of the year, Meritorious Award as the Most Distinguished Personality of the Year in 2015, Leadership Excellence Award, Patron Catholic Youths Organization award, among others. I have had University teaching experience for over 17 years. I was a former head, Department of Economics, University of Calabar and a member of Senate University of Calabar from 2015 to 2017.  I was also appointed head, Department of Economics, Akwa Ibom State University on sabbatical appointment and member of Senate, Akwa Ibom State University in 2018. I was a Consultant to the Cross River State Government in the Benchmarking of Local Government Economic Empowerment and Development Strategy (LEEDS) for Akamkpa, Biase, Yakurr, Abi and Obubra Local Government Areas in 2008. I have attended several conferences and workshops, presenting papers in most of them. I have supervised and graduated six M.Sc theses and one Ph. D. thesis so far, as well as several undergraduate projects. I am a member of many professional associations, including Nigerian Economic Society (NES), Management and Social Science Forum, Research and Development Network, etc. I have published widely in both local and foreign journals. I also have six book chapters to my credit.

Ovat, O. O. (2001). Poverty Alleviation Programmes: The Nigeria’s Experience. West African Journal of Research and Development in Education, 8(1), 99-110.

Ovat, O. O. (2003). Tourism and Economic Development in Nigeria: An Empirical Investigation. Global Journal of Social Sciences, 2(1), 33-44.

Ovat, O. O. and Uket, E. I. (2003). External Debt Crisis and Economic Growth in Nigeria. Nigerian Journal of Economics and Development Matters, 2(1), 85-100. Available online at:

Ovat, O. O & Udah, E. B. & Uket, E. I. (2004). Problems and Prospects of Globalization in Developing Countries: The Nigerian Case. SOPHIA an African Journal of Philosophy, 7(1), 13-21

Ovat, O. O (2005). Does Globalization Contribute to Economic Growth in Developing Countries? Some Empirical Lessons from Nigeria. Global Journal of Social Sciences. 4(1&2), 37-42.

Ovat, O. O. & Udah, E. B. (2005). Globalization and Balance of Payments’ Position: The Nigerian Experience. Journal of Social and policy Issues, 2(2), 20-27.

Ovat, O. O (2005). Openness and Inflationary Pressures in Developing Countries: The Nigerian Case. Nigerian Journal of Social and Development Issues, 5(1), 23-36.

Udah, E. B. & Ovat, O. O. (2006). Does Devaluation Improve Trade Balance of Nigeria? Journal of Social and Development Issues 3(1), 102-110.

Ovat, O. O (2007) An Appraisal of the Relative Importance of the Contributions of Jean Baptiste Say and those of John Stuart Mill to Modern Economic Thought. Journal of Arts and Humanities, 4(1), 4-12.

Ovat, O. O. (2007). The Dynamics of Privatization Policy and the Nigerian Economy, Global Journal of Social Sciences, 6(2), 139-142.

Ovat, O. O (2008) Capital Market Efficiency and Economic Growth in Nigeria. Global Journal of Social Sciences, 7(2), 69-77.

Ovat, O. O. (2012). Financial Development and Economic Growth in Nigeria: Further Examination of the Causality Issue. International Journal of Research in Social Science and Human Development, 4(1), 163-170.

Ovat, O. O. (2012). Does Capital Market Development Predict Investment Behaviour in a Developing Country? Evidence from Nigeria. Journal of Contemporary Management, July Issue, 27-34.

Ovat, O. O. (2012). Stock Market Development and Economic Growth in Nigeria: Market Size versus Liquidity. Canadian Social Science, 8(5).

Ovat, O. O. (2012). The Central Bank of Nigeria’s Cashless Policy in Nigeria: Benefits and Challenges. Journal of Economics and Sustainable Development, 3(14), 128-133.

Ovat, O. O. (2013). Liquidity Constraints and Entrepreneurial Financing in Nigeria: The Fate of Fresh Graduate Entrepreneurs. Global Journal of Management and Business Research: C Finance, 13(9), 35-42.

Ovat, O. O. (2014). Assessing the Extent of Development of the Nigerian Capital Market: A Comparative Analysis. International Journal of Financial Economics. 2(2) 73-81. Available online at:

 Ovat, O. O. & Eduno, E. B. (2014). Corruption, Governance and Public Spending in Nigeria: Implications for Economic Growth. British Journal of Economics, Management and Trade.  4(11), 1680-1699.

Ovat, O. O. (2015). Stock Markets and the Predictability of the Economy: The Nigerian Experience. European Journal of Social Sciences, 35(1), 458-467. Available online at:

Ovat, O. O. (2015). Obubra Yesterday, Today and Tomorrow: An Assessment of the Economic Development of a Local Government Area in Cross River State, Nigeria. Journal of Economics and Sustainable Development, 6(20), 78-86. Available online at:

Ovat, O. O. (2016). Commercial Banks’ Credit and the Growth of Small and Medium Scale Enterprises: The Nigerian Experience. IOSR Journal of Economics and Finance, 7(6), 23-30. Available online at:

Iyeli I. Iyeli & Ovat, O. O. (2017). Budget Deficits and Current Account Disequilibrium in Nigeria: An Econometric Investigation. International Journal of Development and Economic Sustainability, 5(4), 31-43. Available online at:

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