Economic Research and Development
As part of our critical mandate, Clement Isong Foundation has been facilitating monetary policy research to drive sustainable reforms and conducting studies on socio-economic issues and disseminating research recommendations to support policymaking.
We support the facilitation of high-quality, policy-oriented, social science research in institutions and communities. As a multidisciplinary centre for advanced research and training, working to provide a new perspective to the development challenges of our time, CIF acts on the premise that better research leads to more informed policies, and inclusive development. Through our platform, CIF connects social science researchers with policymakers and development stakeholders across the world.
The issues related to poverty reduction, international economic development, finance, building human capital, and strengthening resilience are at the core of our intervention in Nigeria and some parts of Africa. We strengthen awareness and action around these issues to further our contribution to creating abundance and prosperity for citizens of Nigeria and Africa.
Widely recognized as a centre of excellence, we support researchers with financial resources, global networking, and access to information, training, peer review, and mentoring. There is no better place to learn, unlearn and relearn techniques, models, practices, and concepts for accelerating progress and opportunities for shared abundance than the platforms presentable at the Clement Isong Foundation.
We help to deepen stakeholders understanding of best practices and connect them to a network of peers for connected learning and collaborative engagement. As it is part of our strategic intent as a development organisation to promote entrepreneurship and build economically sound enterprises; our work includes working in parts of the communities that lack sufficient investment, working with a network of affiliates, we seek to create profitable, sustainable enterprises through long-term investments that result in strong equity positions. This in turn allows CIF to take a "hands-on" approach by providing managerial and technical expertise. Profits generated are reinvested in other socio-economic development initiatives under the umbrella. Through our program on Local Economic Development, we offer capacity-building programs as well as collaborations with local and international development partners and a network of affiliates to create and operate companies that provide goods and services essential to socio-economic development.
Working with strategic partners, our local economic development programs has continued to create economically sound and viable enterprises, both in small or remote communities and in big cities. We connect, inform and develop professional sustainability through news, business intelligence, funding, and career opportunities so institutions and communities can do well for more people.
CIF also works to build many of the characteristics of healthy, robust economies, including employable skills, support for small and medium-sized businesses, and savings and credit programs that increase financial inclusion, among others.
We work with governments to help promote the creation of enabling legal and fiscal structures that encourage the growth of the private sector. Working with a network of affiliates, at the invitation of several governments, CIF will help critical industries to make the transition to market economies through the privatisation process. These could include industries such as banking, power generation, tourism, manufacturing, and the agricultural sector across cities.
CIF approach emphasizes the development of local human resources over time, including managerial, technical, marketing, and financial skills. Other characteristics of this approach include providing essential seed capital to launch projects in those sectors and countries where attracting investment is difficult.
The foundation takes a long-term view in supporting the institutions to build viable, self-sustaining, and profitable businesses. Our networks of facilitators can also participate in the management of companies in which it invests to prepare companies for broader ownership by local interests.
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To provide a platform for examining relevant public policy and social issues affecting Nigeria, Africa and Humanity
Meet Clement Isong
Clement Nyong Isong, CFR (20 April 1920 – 29 May 2000) was a Nigerian banker and politician who was governor of the Central Bank of Nigeria (1967–1975) during the military regime of General Yakubu Gowon. He was later elected governor of Cross River State (1979–1983) in the Nigerian Second Republic.
He studied at University College, Ibadan, Iowa Wesleyan College, Mount Pleasant, Iowa, and the Harvard Graduate School of Arts and Sciences, where he obtained a Ph.D. in Economics.
He taught economics at the University of Ibadan before joining the Central Bank of Nigeria (CBN) as secretary, later becoming director of research.
He was seconded to the International Monetary Fund as an adviser in the African Department.