Dr. Bamidele S. Ilugbusi has carved a niche for himself as a formidable force in the realms of entrepreneurship and economic education. His contributions to academia and research have not only enriched the knowledge base but also fostered significant practical advancements in these fields. As a Senior Lecturer at Afe Babalola University, Ado-Ekiti, his multifaceted roles and extensive research have positioned him as a beacon of excellence and innovation.
Dr. Ilugbusi’s educational journey is a testament to his dedication and intellectual prowess. He holds a Ph.D. in Finance, an M.Sc. in Finance, and a B.Sc. in Economics, all from Afe Babalola University. His doctoral research, focusing on “Corporate Governance and Performance of Financial and Non-Financial Institutions Listed on the Nigerian Stock Exchange,” highlights his expertise in corporate finance and governance. This work has provided valuable insights into the intricate dynamics between corporate governance practices and the performance of institutions, influencing both academic discourse and practical applications in financial management.
In his capacity as Post Graduate Coordinator for the Business Administration Department at Afe Babalola University, Dr. Ilugbusi has played a pivotal role in shaping the academic and professional trajectories of postgraduate students. He provides comprehensive academic guidance and support, ensuring that students navigate through their programs with clarity and purpose. His efforts in updating and developing postgraduate curricula to align with industry standards have ensured that the programs remain relevant and rigorous. By fostering a supportive and challenging academic environment, Dr. Ilugbusi has helped cultivate the next generation of business leaders and researchers.
Dr. Ilugbusi’s contributions to academic development extend beyond his immediate responsibilities. As a course writer for the university’s Open and Distance Learning (ODL) program, he has developed extensive course materials for subjects including International Business, Strategic Management, and Monetary Economics. These materials, crafted from scratch, reflect his deep understanding of these subjects and his commitment to providing high-quality education. The impact of these materials is profound, offering ODL students access to comprehensive and well-structured content that enhances their learning experiences and academic performance.
Between April 2021 and January 2023, Dr. Ilugbusi served as the Acting Head of the Department of Entrepreneurship at Afe Babalola University. In this role, he oversaw student recruitment, admissions, and academic advising, significantly enhancing the department’s operations. His leadership in promoting and supporting faculty research activities has been instrumental in securing funding and resources, thereby fostering a robust research culture within the department. By encouraging faculty to publish in reputable journals, Dr. Ilugbusi has helped elevate the department’s academic standing and visibility in the academic community.
Dr. Ilugbusi’s role as the Academic Coordinator of the ABUAD Bookshop further exemplifies his leadership and administrative capabilities. Since July 2021, he has managed the procurement of learning materials, coordinated special programs such as book fairs and exhibitions, and overseen the bookshop’s strategic planning and operations. His meticulous approach ensures that the bookshop not only meets the educational needs of students but also serves as a hub for intellectual engagement and resource availability.
Elected as the President of the Afe Babalola University Alumni Association in January 2020, Dr. Ilugbusi has revitalized the association by organizing engaging events and fostering strong connections among alumni. His leadership has enhanced the visibility and reputation of the university, promoting the achievements and contributions of alumni in various fields and industries globally. This role underscores his ability to bridge the gap between the academic institution and its broader community, creating a dynamic network of professionals and scholars.
Dr. Ilugbusi’s research interests are broad and impactful, covering corporate finance, entrepreneurship, and economic development. His extensive publication record includes numerous articles in prestigious journals. His research on the impact of risk management on the profitability of financial institutions has provided critical insights into how effective risk management practices can enhance financial stability and performance. Similarly, his work on the nexus between unemployment and economic growth in Nigeria offers valuable perspectives on addressing economic challenges through policy interventions and strategic planning.
One of Dr. Ilugbusi’s notable research contributions is his study on entrepreneurial financing and poverty reduction in Nigeria. This research explores how access to financial resources can empower entrepreneurs, stimulate economic activity, and reduce poverty levels. By highlighting the role of financial inclusion and entrepreneurial support, Dr. Ilugbusi’s work has informed policies and programs aimed at fostering economic development and social equity.
His research on corporate governance has also made significant strides in understanding how governance structures influence organizational performance. By examining the practices of both financial and non-financial institutions, Dr. Ilugbusi has identified key governance mechanisms that contribute to improved performance and sustainability. This research has practical implications for policymakers, corporate leaders, and stakeholders seeking to enhance governance practices and drive organizational success.
Dr. Ilugbusi’s commitment to research is further demonstrated by his role as a Postdoctoral Research Fellow at the University of Cologne, Germany. During his fellowship, he collaborated with researchers from the university’s Start-up Centre, engaging in cutting-edge research on entrepreneurship and innovation. This experience not only broadened his research horizons but also facilitated international collaborations, contributing to the global exchange of knowledge and best practices in entrepreneurship.
His work on decentralized finance (DeFi) in the U.S. economy is another testament to his forward-thinking approach. By assessing the rise, challenges, and implications of blockchain-driven financial systems, Dr. Ilugbusi’s research has provided a comprehensive overview of how DeFi can transform traditional financial systems. This research is particularly relevant in the context of the growing interest in digital currencies and blockchain technology, offering insights into the potential benefits and risks associated with these emerging technologies.
Dr. Ilugbusi’s research on gender and entrepreneurial skills development among SMEs underscores his commitment to inclusive economic development. By examining the barriers and opportunities for female entrepreneurs, his work has highlighted the need for targeted interventions to support women in business. This research has informed policies and programs aimed at promoting gender equality and empowering women in the entrepreneurial ecosystem.
His numerous awards and recognitions, including the President/Chancellor’s Performance Merit Award as the Best Alumni of the Year in November 2022, reflect his outstanding contributions to academia and research. Dr. Ilugbusi’s involvement in various boards and committees at Afe Babalola University, such as the University Research and Innovation Committee and the ABUAD Bookshop Management Board, underscores his integral role in shaping the institution’s academic and administrative landscape.
In summary, Dr. Bamidele S. Ilugbusi is a distinguished figure in entrepreneurship and economic education. His extensive academic achievements, leadership roles, and research contributions have significantly advanced these fields. By fostering a research-driven environment, developing innovative educational materials, and promoting inclusive economic development, Dr. Ilugbusi has made a lasting impact on academia and beyond. His work continues to inspire students, colleagues, and the broader academic community, positioning him as a pivotal figure in the advancement of economic and entrepreneurial education in Nigeria and globally.
