BrandArena: AfDB Appoints Dr. Eric Kehinde Ogunleye as Director of African Development Institute

Tuesday 18 June 2024

AfDB Appoints Dr. Eric Kehinde Ogunleye as Director of African Development Institute

The African Development Bank (AfDB) has appointed Dr. Eric Kehinde Ogunleye as Director of the African Development Institute, effective June 1, 2024. Dr. Ogunleye, a seasoned macroeconomist from Nigeria, brings nearly 20 years of expertise in macro and development economics, capacity development, public governance, regulatory reform, and policy advisory.

Throughout his career, Dr. Ogunleye has designed and led numerous capacity development and policy advisory initiatives at the highest levels of national governance. His work has achieved significant global partnerships and impactful results. He previously served as the Officer in Charge of the African Development Institute and Manager of the Institute's Policy Management Division. He also served as an Advisor to the Chief Economist and Vice President of the Economic Governance and Knowledge Management Complex.

Dr. Ogunleye was instrumental in developing and implementing the Bank Group’s Capacity Development Strategy (2021-2025) and spearheaded initiatives such as the Public Finance Management Academy for Africa and the Macroeconomic Management Academy for Africa. Additionally, he has significantly enhanced the Institutional Capacity Building and Fiduciary Clinics, which now annually cover 20 country portfolios, thereby improving the quality of the Bank’s operations and portfolios in Regional Member Countries.

In December 2022, Ogunleye successfully launched the Public Finance Management Academy for Africa, featuring an 18-month structured training program across the entire public financial and debt management cycle. This initiative has trained over 145 public officials from 45 African countries as Public Finance Management experts. He currently leads multiple technical assistance projects, including macroeconomic modelling and policy dialogues, to address entrenched and emerging development challenges in African countries. He has also forged numerous partnerships at global, continental, regional, national, and sub-national levels to support these initiatives.

Before joining the Bank, he was Special Assistant to the President of Nigeria on International Trade and Finance and later as Special Advisor to the Chief Economic Advisor to the President. He played a pivotal role in policy research, institutional capacity development, and monitoring and evaluation of socio-economic policies. He contributed to Nigeria's Economic Recovery and Growth Plan, which lifted the country out of recession. Additionally, he served as a long-term consultant (Country Macroeconomist) in the Nigeria Country Department of the Bank Group, coordinating macroeconomic analysis in Nigeria and supporting the Bank’s diverse development projects portfolio.

Ogunleye's previous roles also include Research Fellow at the African Center for Economic Transformation, Doctoral Researcher at the United Nations University’s World Institute for Development Economics Research, Doctoral Research Intern at the World Trade Organization, and International Research Consultant at the United Nations Conference on Trade and Development. He has also taught and conducted research as a Lecturer at the University of Calabar, Nigeria.

He holds a PhD and MSc in Economics from the University of Ibadan, Nigeria, a BSc degree in Economics from the University of Calabar, Nigeria, a Cambridge Certificate in Advanced Program on Rethinking Development Economics in Africa, and an Executive Certificate in Public Policy from Harvard University.

Expressing his gratitude for the appointment, Dr. Ogunleye said, “I am truly humbled, honoured, and pleased by the confidence reposed in me by President Akinwumi A. Adesina for this appointment. I am deeply fascinated and appreciate his consistent penchant for excellence and recognition of talent. I use this opportunity to renew my commitment to the Bank, its leadership, and regional member countries in deepening my support for strengthening institutional capacities in all forms in regional member countries.”

Dr. Akinwumi A. Adesina, President of the African Development Bank Group, commented: “I am pleased to appoint Dr. Eric Kehinde Ogunleye as Director of the African Development Institute. Eric is a focused and strategic leader with first-class expertise in key areas of institutional capacity development support to regional member countries. I am confident that he will continue to leverage his vast experience and global partnership across all spheres of capacity development for delivery at scale for our regional member countries.”

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