Proshare Logo
   Market Date: 30-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Prof. Sam Aluko passes on – News Report

Category: People

  Read (1459)
Prof. Sam Aluko passes on – News Report


Tuesday, 07 February 2012 /Transparency

Renown economist, Sam Aluko died on Tuesday 7th February 2012 in a UK hospital at the age of 83.

Sam AlukoBorn on August 17, 1929, Aluko began his early education at St Mary’s School, Ode Ekiti in 1936.

At age 11, young Aluko left his village for Ado Ekiti where he attended Emmanuel School and later Christ’s School. He progressed to the University of London, on a Western Region scholarship, and obtained a 2nd Class Honours Degree in Economics.

After his education, Aluko embraced teaching and administration as a profession. He was principal at ZIK’s College of Commerce, Sapele and vice-principal at Lagos City College. Overtime Aluko acquired a reputation for his critical stance on government policies.

While still a student in London in the 1950s, Aluko often and openly criticised the budget of the government of Obafemi Awolowo, that to shut him up, the Western Region withdrew his scholarship and requested that he returned to Nigeria.

University authorities however replied that should the scholarship be withdrawn, the University would take over and foot the bill.

Thereafter he was sent a letter of congratulations signed by Awolowo himself. Aluko later became a close confidant and adviser on economic policies to Obafemi Awolowo.

Aluko served as economic adviser to Generals Abacha and Abdulsalami Abubakar. He also advised former Ondo governor, Michael Ajasin during the Second Republic.

However, the economist was renowned for his idea which introduced the Petroleum Trust Fund (PTF) under General Sani Abacha. Aluko, also, proposed the idea of the Value Added Tax (VAT).

Many notable economists passed through him in his days in the University of Ife where he was the first Dean of the Faculty of Social Sciences. His economic philosophy tows the lines of John Maynard Keynes.


Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on People

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014