Until the most recent past, it was absolutely difficult to for economists to identify themselves with any professional body because of the non-existence of an organized and independent professional body to regulate the conduct and activities of the profession. This problem of identification had forced a good numbers of our economists to become marketers, bankers, accountants, or administrators without genuine enthusiasm. The economics profession, which hitherto had an in-built honour and ...read more
dignity, suddenly turned out to be at the mercy of other professional bodies for acceptance and recognition. This unbeareable trend had stirred up a general clarion call by all professional economists for the need to establish a body that would regulate the activities and general conduct of the noble profession.
The Institute of Chartered Economists of Nigeria (I.C.E.N) was established by the Companies and Allied Matters Act, 1990, had the pioneering statutory rights to regulate the practice of Economics in Nigeria and still has these rights today.
Therefore, The Institute of Chartered Economists of Nigeria (I.C.E.N) was established out of burning desire to promote and encourage the study and development of the art and science of economics in public practice, industries, commerce etc and to inculcate professionalism and specialization in the economics profession in Nigeria. In view of this development, the institute had been mandated by the Act establishing it to regulate the activities of all the different aspects of Economics such as Monetary Economics, Industrial Economics, Business Economics, Educationa and welfare economics, Economics of International relations, Agricultural Economics, Petroleum Economics, etc.
Our Philosophy
ICEN provides equality of opportunities for economists in both developed, and developing countries like Nigeria. It provides professional training for people working in various walks of life. The entire system is hampered by shortage of resources, both human and material. The Institute helps curb such shortages, which the conventional institutions are unable to meet. It also helps to make the economics profession relevant to the needs of the country.
It is therefore, a viable option in the training and retraining of professional economists in an economy like that of Nigeria.
Why Becoming a Professional Economists?
There is no gainsaying the fact that education is fast becoming an essential commodity that everyone is aspiring to have. High unemployment rate coupled with severe economic crunch often necessitate people at the middle cadre to seek an alternative means of training themselves to acquire more skills while still retaining their jobs. The Institute therefore, serves as a viable option for such category of people because of its capacity to provide them with their professional training needs and at the same time guaranteeing them job security in their work places.
