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Dr. Okey Oyama Ovat




Senior Lecturer


[email protected]

About Dr. Okey Oyama Ovat

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.

S/N Qualification School Atttended Started Finished
First School Leaving Certificate (FSLC)Government Primary School 1, Ababene, Adun, Obubra L.G.A Cross River State19741980
West African School Certificate (WASC)Community Secondary School, Adun, Obubra L. G. A. Cross River State 19801985
Bachelor of Science (B.Sc) Degree in EconomicsUniversity of Calabar, Calabar Nigeria19941998
Master of Science (M.Sc) Degree in EconomicsUniversity of Calabar. Calabar Nigeria20012005
Doctor of Philosophy (Ph.D) in Economics University of Calabar, Calabar Nigeria20062011

S/N Publication
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. (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 & 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
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:
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. (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:
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 (2008) Capital Market Efficiency and Economic Growth in Nigeria. Global Journal of Social Sciences, 7(2), 69-77.
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. (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. (2012). Stock Market Development and Economic Growth in Nigeria: Market Size versus Liquidity. Canadian Social Science, 8(5).
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. (2001). Poverty Alleviation Programmes: The Nigeria’s Experience. West African Journal of Research and Development in Education, 8(1), 99-110.
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. (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. 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. & 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 (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.
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. (2003). Tourism and Economic Development in Nigeria: An Empirical Investigation. Global Journal of Social Sciences, 2(1), 33-44.

warning No Result For Grants Received.

S/N Conference Description Started Finished
54th Annual Conference of the Nigerian Economic Society (NES), Held in Abuja.Corruption Governance and Public Spending in Nigeria: Implications for Economic Growth.2013-09-172013-09-19
A Two Day Seminar on Demographic Dividend for the South-East and South-South Geo-Political Zones of Nigeria, organized by the United Nations Population Fund Agency (UNFPA), Held in Calabar, Cross River State.2015-12-092015-12-10
Nigerian Economic Society (NES): The South-South Regional Economic Conference with the Theme, “Growing the Nigerian Economy out of Recession” Held in University of Port Harcourt, Choba, Rivers State.Business Cycles Dynamics in Nigeria: Do Countercyclical Policies Matter?2017-11-062017-11-08
Workshop on Administrative & Academic Leadership, organized by University of Calabar Centre for Teaching & Learning Excellence. Held on 26th March, 2019, at the Senate Chamber, University of Calabar, Calabar. 2019-03-262019-03-26
Second Annual National Conference, organized by the Faculty of Social Sciences, Federal University of Lafia with the Theme, “Emerging Socio-Economic and Political Challenges and National Development” Held in Lafia, Nasarawa State.Economic Policies and Misery in Nigeria: Implications for National Development. 2019-09-222019-09-25
61st Annual Conference of the Nigerian Economic Society NES (the Virtual Edition) with the Theme, “African Continental Free Trade Area (AfCFTA) in Covid-19 Era: What next for Nigeria?” Held in Abuja.Free Trade Agreements and Domestic Economy’s Competitiveness Question: How Competitive is the Nigerian Economy?2020-09-082020-09-12