Dr. Babalola Abdurrauf

Senior Lecturer

Historical Background

Abdurrauf Babalola hailed from Ibadan, Oyo State of Nigeria. He attended Army Nursery/Primary Schools in Badagry and Epe in Lagos State. He also attended Primary school in Shaki, Oyo State. He went to Army secondary school in Shaki as well. He then attended Olubi Memorial Secondary school in Ibadan before he went to Unilorin for is Undergraduate education. Then, he attended Imo State University, Owerri, Imo State and then University of Abuja. Abdurrauf Babalola has lived in almost all state in Nigeria. He is married to a wife and four children. He is based in Abuja, FCT, Nigeria. Abdurrauf Babalola (Ph.D) has over 17 years of experience in teaching in various fields including Economics, Business Studies, Further Mathematics, Economics and Business Mathematics, Macroeconomics, Monetary Economics and Econometrics, in various schools including Kwara State Polytechnic, Ilorin, Kwara state, Imo State University, Owerri, Imo State, Nurul-Bayan International Academy, Wuse Abuja, University of Abuja, Abuja, Sixth Form College of Capital Science Academy, Kuje, Abuja and Galaxy University Preparatory Centre, Wuse II, at Advanced Level Cambridge, Edexcel, International University Foundation and Alhikmah university, Ilorin. He was also involved in the World Bank Project of Out- of –School Children in Nigeria under the National Institute of Legislative Studies, Maitama, Abuja, all in Nigeria, holding various portfolios such as teaching, lecturing, Head of Department, Vice Principal and research officer. Over the years, he has undergone Professional Development courses with the University of Cambridge International Examination, trainings and seminars in various institutions and attended conferences with quality papers presentations. Dr. Abdurrauf Babalola is presently a reviewer at Economics Department, University of Dubai and Managing Editor of Al-Hikmah Journal of Economics, Department of Economics, Al-Hikmah University, Ilorin, an Associate Consultant on Education and Training at Eecmasec Education Solutions Ltd, London, UK, an Associate Lecturer at the Sultan Maccido Institute for Peace, Leadership and Development Studies, University of Abuja, FCT, and the Head of Department and lecturer in both undergraduate and post graduate programmes, Department of Economics, Faculty of Management Sciences, Al-Hikmah University, Ilorin, Nigeria.

Educational History

Abdurrauf Babalola obtained his first degree in Economics Education in 1997 from the prestigious University of Ilorin and a second degree in Economics from Imo State University, Owerri in 2001. He bagged his third degree from University of Abuja in 2018. In between, he obtained Certificates of Professional Development from the respected University of Cambridge International in 2010 and 2012 in Economics at Cambridge Advanced Level.


B.Sc. (Ed), M.Sc. Ph.D.

Research Interest

Monetary Economics, Econometrics and Macroeconomics



      Home-based Publication.

      1. Yelwa, M., Babalola, A., & Akinwolere, B. C. (2020). Assessment of the Impact of Non-oil Export on Economic Growth in Nigeria: (1990-2018). Al-Hikmah Journal of Economic. 1(1);1-18. 
      2. Babalola, A., Bilal, A., Raji, S. T., Busari, T., & Mustapha, A. (2020). Public Debt and Economic Performance in Nigeria: Stock Adjustment Model (1990-2019). Al-Hikmah Journal of Economic. 1(1); 33-47.

      National Publication

      1. Yelwa, M., Babalola, A., & Olaniyi, O. (2018). Monetary Policy and Unemployment Rate in Nigeria: A Causality Approach. Journal of Economics and Allied Fields. Department of Economics, University of Abuja. 8(4); 8-19.
      2. Yelwa, M., Babalola, A. & Olaniyi, O. (2019). Analysis of the Impact of Fiscal Policy on Unemployment in Nigeria. Lapai Journal of Economics. IBB University, Lapai 3(1); 242-255.
      3. Babalola, A., Busari, T., Mustapha, A. & Ijie, K.J. (2020). Demand for Real Cash Balance in Nigeria. Stock Adjustment Technique. Lafia Journal of Economic and Management Sciences. Dept. of Economics, Federal University of Lafia.  Vol. 5 No. 2. Pg. 210-231.
      4. Babalola, A., Adagiri, I. H. & Ogirima, A. (2020). Monetary Policy amidst COVID-19. Lapai Journal of Economics, Department of Economics, IBB University, Lapai. 5(2).
      5. Babalola, A. & Ijie, I. J. (2021). Interest Rates and Fiscal Deficits in Nigeria: Impact Analysis. Lafia Journal of Economic and Management Sciences. Federal University of Lafia Vol. 6 No. 1. 18-33.

      International Publication

      1. Babalola, A. (2013). Interest Rates and Unemployment Nexus in Nigeria: An 

      Empirical Analysis. International Journal of Research in Commerce, Economics and Management. 3(11); 42-45. 

      1. Babalola, A. (2014). 2011 Continental Economic Comparison: An Empirical Investigation. International Journal of Research in Commerce, IT and Management. 4(3); 62-68
      2. Babalola, A. (2015). Fiscal Policy and Economic Development in Nigeria: Further Econometric Research: Journal of Economics and Sustainable Development. 6(7); 150-159.
      3. Siyan, P., & Babalola, A. (2016). A Long-run Effect of Government Spending on Road Sub-Sector of the Nigerian Economy: AARJSH. 3(5); 7-30.
      4. Babalola, A., Olaniyi, O., & Yelwa, M. (2018). The Impact of Monetary and Fiscal Policies in Management of Cyclical Fluctuations in Nigeria: 1990-2018. Journal of Economic and Sustainable Development, International Institute of Science, Technology and Education. 9(22); 42-54.
      5. Babalola, A., Mustapha, R. O. & Onikosi-Aliyu, S. O. (2018). Fiscal Financing and Money Supply in Nigeria. An Empirical Analysis. Pakistan Journal of Economic Studies. The Islamic University of Bahawalpur, Pakistan. 1(1); 79-93.
      6. Babalola, A., & Ogirima, A. (2019). Monetary Policy and Money Supply Growth in Nigeria: A Comparative Analysis: 1993-2018. Journal of Public Policy and Administrative Research. 9(3); 90-99.
      7. Babalola, A. (2019). Impact of International Liquidity on Foreign Exchange Rate in Nigeria: A Comparative Crosscheck. Academic Journal of Economic Studies. Dimitrie Cantemir Christain University, Bucharest. 5(3); 105-111.
      8. Babalola, A. (2019). Impact of National Minimum Wage on Unemployment and Inflation Rates in Nigeria. Amity Journal of Economics. Amity University, India. 4(2); 212-228.
      9. Babalola, A. & Olalowo, E. B. (2020). Empirical Analysis of the Prospect for Single Currency in West African Sub-Region. Academic Journal of Economic Studies. Dimitrie Cantemir Christain University, Bucharest. 6(1); 122-139.
      10. Adagiri, I. H. & Babalola, A. (2019). Impact of Cashless Economic Policy and Financial Inclusiveness in Nigeria. An Empirical Investigation Amity Journal of Economics. Amity University, India. 4(2); 47-61.
      11. Babalola, A., & Onikosi-Aliyu, S. O. (2020). Crowding-Out Effect of Fiscal Policy on Capital Inflows in Nigeria. Facta Universitatis Organisation and Economics. 17(1); 43-56.
      12. Ijie, I. J., Babalola, A. & M. Yelwa (2020). Effect of Substance Abuse on Nigeria’s Economic Performance. International Journal of Social Science and Economic Review. 2(2); 35-46.
      13. Babalola, A. & Olasupo, M. (2020). Impact of Border Closure on the Nigerian Economy. An Empirical Analysis. Empirical Economic Review, University of Management and Technology. (10)3; 165-181.
      14. Babalola, A. & Salau, T. J. (2020). The Impact of Petroleum Pump Price on Inflation Rate in Nigeria: A Case for or Against Total Subsidy Removal. Timisoara Journal of Economics and Business, West University of Timisoara, Romania Vol. 13, Issue 2. 107-128.
      15. Mustapha, R. A., Onikosi-Alliyu, S.O. & Babalola, A. (2021). Impact of Government Health Expenditure on Health Outcomes in the West African Sub-Region. Folia Oeconomica Stetinensia Volume 21. Issue 1 Pg. 1-12. DOI: 10.2478/foli-2021-0004
      16. BOOKS:


      1. Babalola, A. (2012). Money Supply, Inflation and Commercial Bank Lending Rate in

      Nigeria: An Econometric Analysis. Lambert Academic Publishing, Germany.

      1. Babalola, A. (2019). Monetary Policy and Unemployment in Nigeria. An Empirical Analysis. Meridian Media Publishers, Abuja. 
      2. Ijie, I. J., & Babalola, A. (2020). Substance Abuse, Labour Force and Economic Growth in Nigeria: An Empirical Analysis. Scholars’ Press, USA.