Olusanya Elisa OLUBUSOYE (PhD) is a Professor and formerly the Acting Head (May 2009 – April 2011), Department of Statistics, University of Ibadan. He has taught in other universities including Addis Ababa University, Ethiopia, and Pan African University (Institute for Basic Sciences, Technology and Innovation), Kenya. His research interests include macroeconometric modelling, Applied Bayesian Analysis and Statistical Model Simulation.
He has served as a consultant and research fellow to several organizations both locally and abroad including MacArthur Foundation, African Union (AU) on Education Management Information System (EMIS), African Economic Research Consortium (AERC) and Lagos State Government on Lagos State Baseline Data and Service Delivery Projects funded by World Bank. He was a visiting scholar to the International Monetary Fund (IMF) in 2006.
He is a member of many Professional and Academic associations including Royal Statistical Society (RSS), London, African Econometric Society (AES), International Biometric Society (IBS) Group Nigeria, and The Nigerian Statistical Association (NSA). He holds the highest professional qualification of Chartered Statistician (CStat) of the RSS. He is a Senior Research Fellow with the Centre for Econometric and Allied Research (CEAR), University of Ibadan.
Field of Expertise
• Big Data Analytics
• Macro econometric Modelling for Policy Analysis and Forecasting
• Risk and Decision Analysis
• Monte Carlo Simulation
Software Proficiency
• R Software
• EViews
• Stata
• Palisade DecisionTools Suite:
@Risk for Monte Carlo Simulation,
NeuralTools for predictive neural networks,
StatTools for statistical analysis and forecasting and
RISKOptimizer for Monte Carlo Simulation and optimization.
Academic Qualification
B.Sc , M.Sc , PhD , Chartered Statistician , Chartered Scientist
PUBLICATIONS (Books, Chapters in Books and Conference Proceedings)
1. Ugbebor O.O and Olubusoye O.E (2005): On Unit Roots and Autoregressive Representation of Naira-US Dollar Exchange Rate. Some Recent Contributions to the Mathematical and Computer Sciences, University of Ibadan Press, Nigeria, ISBN-978-37246-0-6, pg 129-134
2. Olubusoye O.E. and Bolarinwa I.A (2006): Estimation of Variance Component Model when Error Term is Non-stationary. In, Applied Macroeconomics and Economic Development, Essays in Honour of Professor Sam Oladapo Olofin (Eds) Adeola Adenikinju and Olanrewaju Olaniyan. Ibadan University Press, ISBN:
978-121 411-2, pg 53 -62.
3. Olubusoye O.E. (2012), History and Applications of Statistics. In, Science, Industry and Mankind, A Textbook for GES 104 (Eds) General Studies (GSP) Unit, University of Ibadan ISBN: 978-978-365-84-8-4,pg 70-89
4. Olubusoye O.E. and Shittu, O.I. (1998): A diagnostic Review of Statistics Education in Nigeria. Proceedings of Annual Conference of the Nigerian Statistical Association (NSA), pg 25-33.
5. Olubusoye O.E. (2001): The Role of Statisticians Towards Sustaining Demographic Rule in Nigeria. Proceedings of Annual Conference of the Nigerian Statistical Association (NSA), pg 99-102
6. Okewole, D.M and Olubusoye, O.E. (2013): The Bayesian Approach to Multi-equation Econometric Model Estimation. Proceedings of Annual Conference of the Nigerian Statistical Association (NSA), pg 279-287
7. Grace O. Korter, Olubusoye, O.E, MSHELIA Zachariah, OYEBODE Temitope: (2013), Spatial Analysis of Digital Technologies and the Impact on Socio – cultural Values in Selected Communities in Nigeria. Proceedings of World Social Science Forum Social Transformations and the Digital Age Transformations.
8. Olubusoye O. E (2014); Statistical Literacy and Empirical Modelling for National Transformation. Ibadan University Press, ISBN: 978-978-8456-75-9
9. Olubusoye. O. E and Oseni. B.A (2014): Structural Equation Modelling of Household Energy Consumption Pattern in Oyo State, Nigeria. Proceedings of the NAEE/IAEE Conference
10. Olubusoye. O. E, Yaya. O.S, and Ogbonna. A.E (2014): Modelling Nigeria Electricity Demand Using Structural Time Series Approach. Proceedings of the NAEE/IAEE Conference
11. Korter, G.O, Olubusoye. O. E and Salisu. A. A (2015), Modelling Road Traffic Crashes Using Spatial Autoregressive Model with Spatial- Autoregressive Disturbances. Proceedings of the Nineteenth Annual Conference of the Africa Region Chapter of the Econometric Society.
12. Olubusoye. O. E and Ogbonna. A.E (2015): On Model Selection Criteria: An Evaluation of Bayesian Model Averaging Approach Using Monte Carlo Simulation: Proceedings of the Conference in Honor of Professor Samuel Akindiji Ilori on His 70th Birthday
13. Olubusoye. O. E and Akanbi, O.B (2015): On g-Prior Elicitation in Bayesian Model Averaging Approach to Normal Linear Regression Model; Proceedings of the Conference in Honor of Professor Samuel Akindiji Ilori on His 70th Birthday
14. Olubusoye O. E, Oloko T. F, Isah K.O and Ogbonna A. E (2015): Impact of Oil Price and Monetary Policy Shocks on Macroeconomics Fundamentals: Evidence from Nigeria; Proceedings of the Nigerian Economic Society
15. Afonja. B, Olubusoye. O. E., Ossai. E, Arinola. J, (2014): Introductory Statistics – A Learner’s Motivated Approach. Revised Edition; Evans Brothers Limited, ISBN: 978-978-8439-59-2.
16. Olubusoye O. E, Salisu. A. A., Olofin, S.O (2016); Applied Panel Data Analysis. Ibadan University Press.
ISBN: 978-978-54045-7-9.
17. Olubusoye, O. E., & Ogbonna, A. E. (2020). COVID-19 and the Nigerian Economy: Analysis of Impacts and Growth Projections. In A. Adenikinju, A. Iwayemi, O. E. Olubusoye, & O. A. Falode (Eds.), Perspectives, Impacts and Policy Responses to COVID-19 Pandemic (pp. 95-120). Ibadan, Nigeria: Centre for Petroleum, Energy Economics and Law.
18. Anaba, S. A., Olubusoye, O. E. (2020). Electricity Generation from Renewable Resources. In: Leal Filho W., Azul A., Brandli L., Lange Salvia A., Wall T. (eds) Affordable and Clean Energy. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. DOI: https://doi.org/10.1007/978-3-319-71057-
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