Financial Mathematics Expert, Prof Agwuegbo to Deliver FUNAAB's 102nd Inaugural Lecture on "Statistical Reasoning: A Panacea for National Development," May 7

By: Olufemi Orunsola 

At a time when Nigeria is enmeshed in myriads of complex socio-economic realities challenging the psyche of Nigerians to deploy urgent native intelligences to navigate the social equations of the time, renowned Financial Mathematics Expert, Prof. Agwuegbo is billed to deliver the 102nd Inaugural Lecture on the timely existential topic, "Statistical Reasoning: A Panacea for National Development," come May 7, 2025.

OPEN TELEVISION NAIJA OTN News reports as gathered that the renowned Professor billed to deliver the timely Inaugural Lecture is a professor of Stochastic Modelling of the Department of Statistics, College of Physical Sciences (COLPHYS) at the University.

OTN News further gathered that the event is scheduled to commence by 2pm at the Prof. Oluwafemi Balogun Ceremonial Building on the campus, where the Vice-Chancellor of the Institution, Prof. Olusola Babatunde Kehinde will be the Chief Host.

The 7th May, 2025 Inaugural Lecture will offer a unique opportunity to the Financial Mathematics Expert to expouse his four decades of academic prowess and research depth in the area of Stochastic Modelling which is a tool for dealing with uncertain or uunforeseen events in real life and business situations which are classified as risks.

Prof. Agwuegbo is expected to also veer into aspects of dynamical systems in astrology and numerology as well as Stochastic Processes and Time Series in the fields of economics, insurance and finance.

For the records, Prof. Samuel Obi-Nnamdi Agwuegbo who clocks 63 on June 29, 2025, is the son of late Engr. Samuel Emenike Agwuegbo and Mrs. Ezim Eunice Agwuegbo (Nee; Mgbemena) from Umuota-Village, Obosi, Anambra State. 

The fourth child in a family of five, he had his education immediately after the Civil War at Central School, Onitsha, Anambra State from 1971-1974 where he obtained his first school-leaving certificate. He later bagged his West African School Certificate in 1979 at Community Secondary School, Obosi, Anambra state.

He worked briefly as an Auxiliary teacher from 1980-1981, before proceeding to the University of Nigeria, Nsukka in 1981 and graduated in 1985 with a Bachelor of Science (B.Sc Hons.) in Statistics.

He underwent his National Youth Service Corp (NYSC) scheme at the Cocoa Research Institute of Nigeria (CRIN), Ibadan, under the Agronomy Department as a Research Assistant.

In 1986 after NYSC, he started work at the Nigerian Reinsurance Corporation as a Research Statistician after which he secured admission for Postgraduate Studies in Statistics at University of Lagos (UNILAG), Akoka in 1991.

Alongside his Postgraduate Programme, he worked with BIFEX Consult as a Principal Consultant Statistician after which he secured an appointment in Delta State University Satellite Campus in Anthony, Lagos as a Part Time Lecturer from 1997-2000.

Prof. Agwuegbo joined FUNAAB in 2000 as Asst. Lecturer in the Department of Mathematical Sciences. He bagged a PhD in Statistics in 2010 and is currently a Professor of Stochastic Modeling at the Department of Statistics, with more than 40 journal articles in Stochastic Processes, Time series and Multivariate Analysis.

His research focus is on modelling complex behaviour of large dimensional state space in the field of economics, insurance and finance.

Prof. Agwuegbo teaches courses in Statistics at both undergraduate and postgraduate levels. He successfully introduced and sustained the use of softwares into teaching of Statistics courses during his period as Head, Department of Statistics. This effort immensely helped to reposition the students towards acquisition of practical skills in data analysis and by extension preparing them for future challenges after graduation. 

He has won research grants, supervised many PhDs and Masters Students.

He is a member of several professional bodies including the Nigeria Statistical Association (NSA), International Biometric Society (IBS), American Statistical Association (ASA), and the Faculty of Risk Management (FARIM).