1st May, 2020
President Muhammadu Buhari has expressed heartfelt condolences to the family, academia and friends of the late renowned economist, Professor Owodunni Teriba.
Teriba passed away in Chicago recently.He was aged 82.
The President lauded the can-do spirit of the departed professor.
Buhari said Teriba stamped his authority on areas such as economic principles, monetary, fiscal and development economics, which he taught for many decades.
According to Buhari, Teriba hoisted Nigeria’s flag proudly wherever he went, and posterity would be quite kind to him.
The 82 year-old professor studied privately for his Advanced Level education and completed his Bachelors in Economics at the University of Ibadan in 1962.
He then received a scholarship to attend the University of Manchester, United Kingdom, obtaining Masters in Economics in 1963 and PhD in same discipline in 1965.
Prof Teriba returned to the University of Ibadan in 1966 as a senior lecturer, and was Head of the Department of Economics from 1975 – 1985.
He was also at various times a Visiting Scholar and External Examiner at several universities in Nigeria, the USA, and other parts of Western, Eastern and Southern Africa.
While on sabbatical from the University of Ibadan, Teriba began working as a consultant to the United Nations Economic Commission for Africa (UNECA) in Addis Ababa, Ethiopia.
In 1985 he became the Senior Regional Adviser to the Member States of the Commission on economic surveys, research and planning.
He also served as the Commission’s Chief Economist and Director, Socio-Economic Research and Planning Department in 1989, with broader managerial functions and responsibilities until his retirement in 1998.