Nigeria Institute of Management
FUOYE Academic Staff Profile
Dr. Tochukwu Timothy Okoli
Senior Lecturer
Department of Economic and Development Studies, Faculty of Social Science
Area of Specialization: My areas of Specialization includes but not limited to Macroeconomics, Digital finance and financial technology, Financial econometrics, Financial risks, Sustainability, and financial literacy
Biography
I am a Macroeconomist and Financial Econometrician with research expertise in digital finance, financial stability, macroeconomic policy, financial resilience, and sustainable development. I currently serve as a Postdoctoral Fellow in the Department of Taxation, College of Accounting Science, at the University of South Africa (UNISA). Prior to joining UNISA, he held a postdoctoral fellowship at the University of Johannesburg and served as a Senior Lecturer in the Department of Economics at the Federal University Oye-Ekiti, Nigeria.
I hold a Doctorate degree in Economics from the University of Zululand, South Africa, where my doctoral research examined financial technology diffusion, financial deepening, and macroeconomic stability across African economies. My research employs advanced econometric and statistical techniques, including dynamic panel data models, structural vector autoregression (SVAR), generalized method of moments (GMM), threshold regression, and nonlinear modelling to address complex macroeconomic and financial policy issues.
My scholarly work spans digital finance, financial inclusion, monetary policy, institutional quality, financial literacy, banking stability, climate change, and economic sustainability. I have published extensively in reputable international peer-reviewed journals, and my research has contributed to advancing knowledge on the role of digital innovation and institutional development in promoting resilient and sustainable economies.
Beyond research, I have over twelve years of university teaching, postgraduate supervision, and research mentoring experience. I have supervised master's and doctoral students, facilitated advanced econometric training workshops, and collaborated with scholars across disciplines and institutions. Proficient in Stata, R, MATLAB, EViews, and SPSS-AMOS, I am passionate about applying rigorous empirical methods to generate policy-relevant insights that support economic resilience, financial inclusion, and sustainable development in emerging and developing economies.
Research Interests
My research interest includes:
Macroeconomics and Monetary Economics
Financial Econometrics and Applied Econometric Modelling
Digital Finance, Financial Technology (FinTech), Financial Stability, Systemic Risk, and Financial Resilience
Financial Literacy, Financial Wellbeing, and Household Finance
Sustainable Development and Economic Sustainability
Development Economics and Emerging Market Economies
Artificial Intelligence (AI), Digital Transformation, and the Fourth Industrial Revolution (4IR)
Panel Data, Time Series, and Nonlinear Econometric Analysis
Qualifications
| Degree | Institution | Year |
|---|---|---|
| PhD (Economics) | University of Zululand | 2020 |
| MSc (Economics) | University of Nigeria, Nsukka | 2013 |
| BSc (Economics) | Enugu State University of Science and Technology | 2006 |
Professional Qualification
Awards
College of Accounting Sciences, University of South Africa
Scholarship
University of Zululand
Membership of Professional Bodies
Full Member
Full Member
Paper Presentation - Local
Artificial Intelligence Disruptions and Management and Emerging Issues in Africa, Federal University Oye_Ekiti, Faculty of Management Sciences, International Conference
Paper Presentation - International
World Finance Conference - Cyprus (July 30th to August 2nd, 2024)
African Review of Economics and Finance (AREF) Conference, Wits University, South Africa
Postgraduate Ph.D Supervision
HARNESSING DOMESTIC REVENUE MOBILISATION: A DIAGNOSTIC APPRAISAL OF THE TAX ADMINISTRATION SYSTEM IN OROMIA NATIONAL REGIONAL STATE, ETHIOPIA
Postgraduate M.Phil Supervision
Assessing the Environmental and Fiscal Effectiveness of Automotive Carbon Taxes in South Africa.
Postgraduate M.Sc Supervision
Digital Payment System, inflation and household consumption among the heterogenous African Economies.
Economic Uncertainties, Financial Crisis and Policy Response among the Sub-Saharan Africa.
MONETARY POLICY EFFECTIVENESS IN THE PRESENCE OF MULTIPLE STRUCTURAL BREAKS
Undergraduate Project Supervision
FOREIGN DIRECT INVESTMENT AND STOCK MARKET PERFORMANCE IN NIGERIA
THE NEXUS BETWEEN CAPITAL MOBILITY AND MONETARY POLICY IN NIGERIA
THE IMPACT OF RAINFALL ON AGRICULTURAL PRODUCTIVITY IN NIGERIA
THE IMPACT OF E-PAYMENT SYSTEM ON FINANCIAL INCLUSION IN NIGERIA
THE EFFECT OF INFLATION ON EXCHANGE RATE VOLATILITY IN NIGERIA
THE ROLE OF DIGITAL PAYMENT SYSTEMS ON CONSUMERS SPENDING PATTERN IN NIGERIA
THE IMPACT OF GOVERNMENT EXPENDITURE ON HUMAN CAPITAL DEVELOPMENT IN NIGERIA
Course Teaching
Mathematics for Economists 1
Mathematics for Economists 2
Intermediate Microeconomics
Advanced Macroeconomics 2
Professional Skill
Intermediate Qualification in AI
Advanced Proficient Qualification in MatLab, Stata, Machine Learning, etc.
Custom Fields
Keynote Speaker
The 16th World Gene Convention-2026
Selected Publications
Inflation and monetary policy effectiveness in the presence of external shocks: Evidence from the Nigerian economy.
Authors: Okoli, T. T. (2025).
Investment Management & Financial Innovations • 2025
Open publicationFinancial Well-being, Investment and the Asymmetric Effect of Savings in South Africa: The Mediating Role of Financial Literacy.
Authors: Okoli, T. T., & De Clercq, B. (2025).
Journal of Xi’an Shiyou University • 2025
Open publicationThe relevance of institutional quality as a transmission channel for digital financial inclusion: Evidence from African economies and implications for sustainable development.
Authors: Tochukwu Timothy Okoli
Economics, Management and Sustainability • 2025
Open publicationGauging the Impact of Digital Finance on Financial Stability in the Presence of Multiple Unknown Structural Breaks: Evidence from Developing Economies
Authors: Tochukwu Timothy Okoli
Economies • 2025
Open publicationInstitutional Development and Monetary Policy Effectiveness: Empirical Evidence from African Economies.
Authors: Okoli, T. T., & Meyer, D. (2024)
African Journal of Development Studies (formerly AFFRIKA Journal of Politics, Economics and Society) • 2024
Open publicationThe Analyses of Structural Vector Autoregressive Model on the Twin Deficit Convergence among the Emerging Economies: Does Ricardian Equivalence Hypothesis Matter?
Authors: Okoli, T. T. (2024).
African Journal of Business and Economic Research • 2024
Open publicationFinancial technology adoption and bank stability among African economies: Is the relationship monotonic?
Authors: Okoli, T. T. (2024)
Investment Management and Financial Innovations. • 2024
Open publicationFinancial technology development: Implications for traditional banks in Africa.
Authors: Meyer D., & Okoli T. T. (2023)
Investment Management and Financial Innovations • 2023
Open publicationDeterminants of Financial Technology Spread of Penetration among African Economies.
Authors: Okoli, T. T., & Tewari, D. D. (2022).
Indian Journal of Finance • 2022
Open publicationInvestigating the Determinants and Growth of financial technology Depth of penetration among the Heterogeneous Africa Economies.
Authors: Okoli, T. T., & Tewari D. D. (2021)
Cogent Economics and Finance • 2021
Open publicationThreshold effect in Twin Deficit Hypothesis: Evidence from the BRICS Economies.
Authors: Okoli, T. T., Tewari, D. D., & Ileasanmi, K. D. (2021)
Cogent Economics & Finance • 2021
Open publicationDoes the adoption process of Financial Technology in Africa follows an inverted U-shaped hypothesis? An evaluation of Rogers Diffusion of Innovation theory.
Authors: Okoli, T. T., & Tewari, D. D. (2021)
Asian Academy of Management Journal of Accounting & Finance • 2021
Open publicationInvestigating the Policy Implications of Financial Technology Shocks on Macroeconomic Stability: Evidence from Emerging African Economies.
Authors: Okoli, T. T., and Tewari D. D. (2020)
African Journal of Development Studies (AJDS) • 2020
Open publicationIs the Relationship between Financial Technology and Credit Risk Monotonic? Evidence from the BRICS Economies.
Authors: Okoli, T. T. (2020)
Asian Economic and Financial Review • 2020
Open publicationAn empirical assessment of Fintechs heterogeneous transmission channels to financial development among African economies.
Authors: Okoli, T. T., & Tewari, D. D. (2020).
Cogent Economics & Finance • 2020
Open publicationPhoto Gallery / Picture Evidence
