AfDB appoints new Director for Statistics Department

The African Development Bank (www.AfDB.org) has appointed Dr. Babatunde Samson Omotosho, an economist and statistician, as Director of the Statistics Department, effective June 16, 2024.

Dr. Omotosho, a Nigerian national, has more than 21 years of experience in developing data strategies to align with the strategic objectives of organizations and brings expertise in data compilation, data analytics, macroeconomic research, and policy analysis to the team.

The new AfDB Director of the Statistics Department previously served as Director of Research and Statistics at the West African Monetary Agency (WAMA) in Sierra Leone, where he was seconded from the Central Bank of Nigeria.

At WAMA, he provided advice on monetary and economic integration within the Economic Community of West African States (ECOWAS). AfDB document obtained by the Communication for Development and Advocacy (CDA Consult), communicate2develop@gmail.com, which is a development communication advocacy non-governmental organization based in Tema, Ghana, has revealed.

According to the AfDB document, before that, he held various positions within the Statistics and Research Departments of the Central Bank of Nigeria.

Dr. Omotosho’s brief profile indicates that he served as an Assistant Director in the Statistics Department of the Central Bank of Nigeria, led the data analytics team, and managed the Central Bank’s strategic initiatives on big data and data analytics.

He oversaw projects aimed at enhancing data analytics capabilities for policymaking, automating surveys and statistical systems, improving data sharing infrastructure, and developing social media listening tools.

His leadership fostered a culture of data analytics within the Central Bank, driving innovation and efficiency in operational and policy processes.

The profile indicates that Dr. Omotosho holds a PhD in Economics from the University of Glasgow, United Kingdom (2021); a master’s degree in Applied Statistics and Datamining from the University of St Andrews, United Kingdom (2011); a master’s degree in Economics from the University of Benin, Nigeria (2008); and a bachelor’s degree in Economics from the University of Ilorin, Nigeria (2000).

He has contributed extensively to academic literature, with publications in reputable journals, including the Journal of Economic Dynamics and Control, the Journal of International Money and Finance, Macroeconomics and Finance in Emerging Market Economies, and the Central Bank of Nigeria Journal of Applied Statistics.

His research covers big data, econometrics, monetary and fiscal policy interactions, business cycle drivers, and the macroeconomic implications of resource shocks for small, open, emerging economies.

Dr. Omotosho is a member of the Nigerian Statistical Association, the International Association for Official Statistics, and the Royal Statistical Society.

“I am grateful to AfDB President Dr. Akinwumi A. Adesina for this appointment, and I am excited about the opportunity to contribute to the continued success and growth of the African Development Bank Group, an institution that plays such a pivotal role in the economic and social development of our beloved continent, Africa.

“I am fully committed to fulfilling the position's responsibilities while collaborating effectively with the bank’s senior leadership team, colleagues, and other strategic partners,” Dr. Omotosho stated in his acceptance comment.

On the other hand, Dr. Adesina stated, “I am pleased to appoint Dr. Babatunde Samson Omotosho, a respected statistician, as Director of the Statistics Department.

“Dr. Omotosho brings to this role an impressive track record in statistics, economics, and data analytics and will support the Bank in building a robust data ecosystem to achieve our strategic objectives and sustain our long-term development goals.”

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