Covenant University appoints Dr. Jonathan Aremu Professor of International Economic Relations
“We all have dreams. But in order to make dreams come into reality, it takes an awful lot of determination, dedication, self-discipline, and effort.”
The above empowering quote by Jesse Owens, the American track-and-field legend, captures the elevation of Dr Jonathan Aremu to the professorial cadre of Covenant University, as Professor of International Economic Relations.
His appointment was announced by the Vice-Chancellor, Professor Charles Ayo, today, April 23, after a brief meeting with some members of the University Management.
The Vice-Chancellor said his appointment was ratified by the Board of Regents after professorial assessments from the External Assessors had been duly undertaken, which validated the earlier prima facie cases established by the University’s Appointment and Promotion Committee.
Professor Ayo expressed optimism that Professor Aremu’s appointment would culminate in a robust industry relationship and collaboration for the University, considering his great and diverse industry experience, especially as consultant to many regional bodies in the continent and beyond. He noted that it came at a time when the University is planning to host captains of industries to a University/Industry Partnership Luncheon with the aim of harmonizing industry/academic partnership for national development.
Professor Aremu, who had a short stint as the University’s acting Vice-Chancellor in 2005, was charged to see his new appointment as a call to a higher academic leadership role where more outstanding and ground-breaking contributions would be expected for both academic and community service goals of the University.
In his response, Professor Aremu, who was overwhelmed with joy, appreciated the Chancellor and the University Management for finding him worthy to be appointed a professor of Covenant University. He congratulated the University for registering itself on the global map as the Best in West Africa and promised to remain committed to the Covenant University vision.
“I am ready to make more contributions in the area of academics, particularly in the area of International Economic Relations. This is an area in which I have created quite a lot of work for African Union, ECOWAS region and quite a lot of other international institutions. The University is already making waves but God will give me the opportunity to be able to make further contributions so that the University will be taken to higher ground,” he said.
He attributed his success to God and the inspiring word from the Chancellor, Dr David Oyedepo. He said: “How can somebody, whose father only managed to send him to school now, become a professor? It is strange and clearly the handwriting of God.”
Profeesor Aremu has his Ph.D. in International Relations with emphasis on International Economic Relations. He started his working career in the Research Department of the Central Bank of Nigeria (CBN) in 1980 as an Assistant Economist, and rose through the ranks to become Acting Assistant Director of Research before he voluntarily retired in December 1992 to establish Market Link Group. Dr Aremu was an Associate Senior Lecturer at the Covenant University where he served as a pioneer member of the Board of Regents till 2010. He equally acted as the Vice-Chancellor between 2004 and 2005.
He has written numerous publications, mostly in the areas of trade and investment, for about three decades in domestic and international periodicals. He is an accredited consultant to many research oriented public and private institutions in the areas of trade and investment at national, regional and multilateral levels. An outstanding book written by Aremu is “Attracting and Negotiating Foreign Direct Investment with Transnational Corporations in Nigeria (2005)”
Professor Aremu was appointed by the European Union (EU) as the Monitoring Expert on the Establishment of an ECOWAS Investment Guarantee/Reinsurance Agency. Earlier in 2008, EU equally appointed him as the Financial Expert to draft ECOWAS Community Investment Code and the Investment Policy Framework in preparation for the ECOWAS Common Investment Market (ECIM) of the Region in 2007. Before then, he was appointed a member of Thematic Group on Investment in the Economic Partnership Agreements (EPAs) negotiation between European Union and ECOWAS Commission in 2005. This assignment is doubly combined with his current position (since 2007) in ECOWAS Commission as the Lead Consultant on the ECIM for the region (coordinating the establishment of Regional Payments and Settlement System, Regional Capital Market Integration, Common Code and Policy, among others). United Nations Industrial Development Organization (UNIDO) appointed him as the National Coordinator/County Team Leader of UNIDO Investment Survey in Nigeria. Also, the Federal Government of Nigeria appointed Aremu, among other experts, to review the Nigeria Trade and Investment Policy for implementation under the current Transformation Agenda of the government.
Professor Aremu has been a life member of both the Nigerian Economic Society (NES) since 1990 as well as the Nigerian Society of International Law (NSIL) since 1998. He is among the first Merit Award Winners of NSIL (Asaba, 2005); the current National Publicity Secretary of the Society (NSIL) since 2004; and also a member of NSIL Research Group. He is equally a member of Nigerian Institute of International Affairs since 1993.