Dr Ejike Udeogu

Dr Ejike Udeogu

Senior Lecturer

Centre for the Study of States, Markets and People (STAMP); MBA Programme Director

Department of Strategy and Leadership , Royal Docks School of Business and Law

As the MBA Programme Director I oversee the day-to-day operations of the programme with responsibility for students on that programme. I have responsibilities with regard to student pre-entry; quality assurance, enhancement and standards; programme marketing and documentation; curriculum development; student advice and guidance.

Areas Of Interest

  • Economics
  • Travelling
  • Photography
On This Page


Dr Ejike Udeogu is the director of the MBA programme at the University of East London. He was previously the BSc (Hons) Economics degree Course Leader, from 2017 to 2019, and a lecturer at the University of Bedfordshire, between 2015-2017. Dr Ejike holds a bachelor's degree in Mathematics and Economics, a master's degree in Financial Management, and a doctorate degree in Political Economy. He is a Senior Fellow of the Higher Education Academy, a Fellow of the Chartered Management Institute, and an Associate of the Chartered Institute for Securities and Investment. His research interests are in the areas of globalisation and economic development, institutional dynamics, and the macroeconomic role of structural transformation. Dr Ejike is committed to supporting evidence-based policy making in Africa, and has published a number of research articles in peer-reviewed academic journals to that effect. He currently teaches Macroeconomics and Advance Econometrics at both undergraduate and postgraduate levels at the University of East London. Before turning to academia, he worked as a Policy Analyst for over two years in the public sector (2006-2008), and was part of a leadership team in a fortune 500 company for over four years (2009-2013).


Title: Financialisation, Capital Accumulation and Economic Development: A theoretical and empirical investigation of the Nigerian Economy.

Abstract: The primary focus of this study was to highlight those unobtrusive, yet fundamental, factors undermining economic development in Nigeria. To begin with, it posits that the decelerating pace of capital accumulation in Nigeria, which naturally occasions rising unemployment and poverty levels, and widening inequality gap, is the result of the 'low possibility' of capitalist enterprises in the country of earning an adequate rate of profit from their productive processes. In turn, the 'low possibility' is argued to be the result of the uneven development inherent in the modern capitalist structure, the high cost of capital and of production peculiar to Nigeria, and the ineffective demand for goods made in Nigeria: these elements are viewed as been precipitated by the contradictions of the contemporary political-economic arrangement that organises the Social Structures of Accumulation. For Nigeria to 'develop', it is contended that the unobtrusive elements inherent in the contradiction of the political-economic economic that undermine the capitalists' ability to earn a commensurate rate of profit in the country needs to be fully addressed first. Furthermore, this study suggests that it is crucial the country embraces knowledge-based industrialisation if it is to achieve some form of 'competitive advantage' in the global market, which could enable its productive processes extract a commensurate level of profit from the market. To facilitate the knowledge-based industrialisation, the state should, not only create a conducive environment for industrial development but also play the lead role in transforming the peripheral and oil dependent economy to a knowledge-based economy by coordinating business organisations and investing in high-risk innovations.

Keywords: Nigeria, capital accumulation, the rate of profit, financialisation, economic development and neoliberalism.



  • Udeogu, E. (2018). Financialisation, Capital Accumulation and Economic Development in Nigeria: A critical perspective. Newcastle: Cambridge Scholars Publishing.  

Journal papers

  • Roy-Mukherjee, S. and Udeogu, E. (under review). Review of the Impact of Globalisation, Economic Complexity, and Institutions on Income Inequality. Journal of Balkan and Near Eastern Studies.
  • Fouskas, K. V., Roy-Mukherjee, S., Huang, A. Q., and Udeogu, E. (under review). Uneven (and Combined) Development, Competitive Constraint and the Economic Decline of the West in a Historical Perspective. Cambridge Review of International Affairs.
  • Udeogu, E. Roy-Mukherjee, S. and Amakom, U. (under review). Does Increasing Product Complexity and Diversity Cause Economic Growth in the Long-Run? A GMM Panel VAR Evidence.  Sage Open.
  • Udeogu, E. and Amakom, U. (2020). Empirical Review of Schumpeterian Endogenous Growth Theory. Journal of Economic Development.
  • Fouskas, K. V., Roy-Mukherjee, S. and Udeogu, E. (2019). 'Systemic "Alternatives": on Ordoliberal rule in Europe and the corruption of the Left'. SpazioFilosofico, Issue 24.
  • Udeogu, E. (2016). Financialisation and Economic Growth in Nigeria. Review of African Political Economy, 43 (149): 489-503.

Policy papers

  • Amakom, U. and Udeogu, E. (2019). Report of the Key Development Needs (KDNs) Assessment Exercise by the State of Osun's Citizens' for Improved Governance and Better Service Delivery. This policy paper was commissioned by the Department for International Development's (DFID's) funded Partnership to Engage, Reform and Learn (PERL) South-West Nigeria. It is intended for use by the Osun state government to shape policies for the 2019-2021 Medium-Term Sector Strategy (MTSS) project.
  • Amakom, U., Umaru, T. A. and Udeogu, E. (2019). Scoping and Mapping of Civil Society Organisations' Network/Coalition Platforms, Data Structures and Systems Supporting Inclusive Development in Nigeria: A Case Study of Kaduna and Anambra States. This policy paper was supported by grants from Christian Aid and UK Aid.

Conference papers

  • Udeogu, E., (2019). An Empirical Review of the Long Term Impact of R&D Expenditure and Capital Accumulation on GDP per capita. Presented at the 13th International conference on the challenges of Europe. University of Split, Croatia, 22-24 May.
  • Udeogu, E. (2015). Re-examining the Financial Deepening-Growth Nexus: A Time-Series Evidence of the Nigerian Economy from 1961 to 2013. Presented at the INFER workshop on heterodox economics. University of Coimbra, Portugal, 17-18 April.
  • Udeogu, E. (2014). The Rate of Profit, Financialisation, and Economic Growth; A Theoretical and Empirical Investigation of the Nigerian Economy. Presented at the Sheffield's Political Economy Research Institute (SPERI) Annual Conference. University of Sheffield, England,  30 June - 2 July.

Magazine/Newspaper/Blog contributions


Macroeconomics, Microeconomics, Econometrics, Bloomberg Essentials and Corporate Finance