Veritas University Staff Directory

Lecturer I

Dr. Modestus Chidi Nsonwu obtained his Bachelor of Science (B.Sc) degree in Finance and Banking from the University of Benin in 1998, Master of Science (M.Sc) degree in Economics from Delta State University Abraka in 2003 and Doctor of Philosophy (PhD) degree in Economics from Delta State University Abraka in 2017. He is a responsible, intelligent and experienced Quantitative Economist with a demonstrated track record in problem solving and overcoming challenges. He possess strong technical skills with genuine interest in Econometrics Modeling and Analysis, Investment Banking and Risk Management. Highly proficient in the use of Econometrics packages such as Stata, Eviews, SPSS, Statistix, R and others in analysis involving Longitudinal data (Panel data), Autoregressive Distributed Lag (ARDL), Vector Autoregression (VAR) Model, Vector Error Correction Model (VECM), Structural VAR (SVAR), Factor VAR (FAVAR), Toda-Yamamoto(T-Y) and others. He has excellent motivational skills and always strive to achieve the highest standard possible at any given task. He is a member of the Nigerian Economic Society (NES) and has so many publications to his credit. He is currently the Managing Director VUNA Enterprise ltd.


  1. A Longitudinal Econometric Analysis of the effect of Debt Burden on Investment and Growth in Sub Saharan Africa. { PhD Thesis, 2017}
  2. Capital Rationing and the use of Linear Programming in Public Sector Budgeting            (M.Sc. Econs Thesis, 2002)
  3. Application of Linear Programming to the Project selection problem of Local Governments (Case Study of Uvwie LGA)


  1. Nsonwu M.C and Olotu Efe (2016) The Volatility of International Commodity Prices and Aggregate Output Vulnerability: Policy Options for Mitigation in International Journal of Economic Development Research and Investment, Vol 4, No. 1
  2. Nsonwu M.C. (2013) Islamic Banking and Nigeria Economy: Ethnographer Volume 11 No. 3
  3. Nsonwu M.C and Olotu Efe (2011) Globalisation and Aggregate Employment Nexus: A recent experience of the Industrial Sector in Journal of Research in National Development. VOL 9. NO.2
  4. Nsonwu M.C. (2017) The Cashless Banking Policy and the Nigerian Economy in Journal of Social and Management Sciences DELSU Abraka(Forthcoming)
  5. Nsonwu M.C. Optimization in Public Sector Resource Allocation: A Linear Programming Approach. (Work in Progress)
  6. Nsonwu M.C. Debt Crisis and the Economy of Oil Producing Countries in Sub Saharan Africa: A Panel Data Approach (Work in Progress)
  7. Nsonwu M.C. The Effect of Exchange Rate Volatility and Debt Service in Nigeria(Work in Progress)
  8. Nsonwu M.C. (2017) Monetary Policy Rates and the Performance of Commercial Banks in Nigeria. (Work-in-Progress)


  1. Center for Econometrics and Allied Research(CEAR), University of Ibadan- Module v (2018)
  2. Center for Econometrics and Allied Research(CEAR), University of Ibadan- Module iv (2017)
  3. Center for Econometrics and Allied Research(CEAR), University of Ibadan- Module iii (2016)
  4. Nsonwu M.C. and Osumah Oareh. Promises and Performance Assessment of Nigerian Seven Point Agenda.(Delsu,2009)
  5. Nsonwu M.C. and Osumah Oareh. Tackling terrorism & the emerging insurgency  in Nigeria through Poverty alleviation (Novena University, 2006)


  1. Negotiation and Business Strategies (Chapter contribution to Entrepreneurial Dev.  Book  Novena University , 2006)
  2. Succession Planning, (Chapter contribution to Entrepreneurial Dev. Book Novena University, 2006).