CU Holds 2nd International Conference on African Development Issues (ICADI), 2015

CU Holds 2nd International Conference on African Development Issues (ICADI), 2015

CU Holds 2nd International Conference on African Development Issues (ICADI), 2015

The Chancellor of Covenant University, Dr. David Oyedepo, declares the conference open

The Chancellor of Covenant University, Dr. David Oyedepo, on Monday, May 11, 2015, declared the 2nd edition of the International Conference on African Development Issues open. The Conference with the theme, ‘Biotechnology, ICT, Materials and Renewable Energy: Catalyst for African Development,’ attracted participants from across the globe and addressed topics such as, ‘Education for all: promoting quality and access,’ ‘Setting an Agenda for Africa’s Economic Development,’ ‘Combating Terrorism and Xenophobia,’ and ‘Knowledge Economy and Africa’s Development Agenda.’

In his opening remarks at the event, the Chancellor of Covenant University, Dr. David Oyedepo expressed excitement at the prospects of the conference. While declaring the conference open, he enjoined all participants to fully engage themselves in what the event has to offer. He stated, “It is not enough to make findings, but engaging the findings is what makes the difference. The key word to lasting impact is commitment.”

In his remarks, the Vice-Chancellor of Covenant University, Professor Charles Ayo appreciated the guidance and support of the Chancellor, Dr. David Oyedepo, the Vice President, Living Faith Worldwide, Pastor (Mrs.) Faith Oyedepo and the entire Board of Regents of the University for providing oversight in building a great university. Professor Ayo also appreciated all the corporate partners who have contributed immensely to the success of the event. He encouraged them to continue to work with the University to map out ways to move Nigeria and Africa forward.

He stated, “There is something that is unique about this conference; it is coming at a time when Nigeria is about to have a change of government. However, for true change to be born, attention must be given to the outcome of the conference that would include global solutions to issues of food security, health, application of ICT, quality of education, etc.”

While making his presentation titled, ‘Kidney disease in Nigeria and the U.S., and possibilities of cooperation and mutual aid,’ the Conference Keynote Speaker and 2012 Nobel Prize Winner in Economic Sciences, Professor Alvin Elliot Roth stated, “You may ask, ‘Why is an economist speaking about kidneys?’ There are different kinds of economists: macroeconomists and microeconomists, otherwise known as ‘Market Designers.’ Market designers are Economic engineers—they try to fix markets when they’re broken and work with a wide variety of markets, not just commodity markets in which prices alone decide who gets what. They operate ‘Matching markets,’ that is, markets in which prices don’t do all the work, because you can’t just choose what you want; you also have to be chosen. In some matching markets, we don’t allow prices to influence who gets what, at all.”

He further explained, “Market design is an outward facing part of economics. It is unavoidably interdisciplinary and since Economics has something to do with just about everything, economists can learn from just about everyone. I want to talk to you today about how we have taken some initial steps to increase kidney transplantation in the U.S., through kidney exchange, and how such a programme might be extended to Africa, and be a catalyst to build medical infrastructure in Africa.”