From Practice to Pedagogy: Dr. Olabode Aiyesan on Accounting, Academia, and the Future of Finance

By Ugo Aliogo

In a country where the line between aspiration and achievement is often blurred by structural challenges, Dr. Olabode Aiyesan’s journey stands out as a portrait of resilience, determination, and academic excellence. From humble beginnings in Lagos State University to earning a Ph.D. in Accounting from Ebonyi State University, Dr. Aiyesan has steadily carved a niche for himself—first in the private sector, then in academia. Currently a Senior Lecturer at Nigerian British University, he brings to the classroom not only theoretical knowledge but also invaluable industry insight. In this exclusive interview, he shares his story of transition, growth, and the evolving future of accounting education in Nigeria.

Can you briefly walk us through your academic journey, from your undergraduate days at Lagos State University to your Ph.D. at Ebonyi State University?

It has been a challenging but fulfilling journey. My undergraduate days at Lagos State University were marked by financial constraints, as I had little or no support from my parents. Despite these hurdles, I remained focused on my goal. Pursuing a Ph.D. at Ebonyi State University added another layer of complexity—I had to travel frequently from Port Harcourt to Ebonyi State, often at personal risk. It was physically and emotionally demanding, but in the end, it was all worth it. Every sacrifice contributed to the scholar I am today.

What motivated your transition from industry practice at Preminence Multi Project Ltd to academia?

The decision was deeply personal. I wanted to give back, to add value to the lives of students and contribute meaningfully to the accounting profession. While my time in the industry was enlightening, I realised I had a passion for teaching and mentoring. Academia offered the perfect platform to merge my industry knowledge with the desire to shape future professionals.

How would you describe your evolution from Lecturer I to Senior Lecturer at Nigerian British University?

It has been a rewarding journey defined by hard work, consistency, and an unwavering commitment to excellence. Each stage of my career has required not just academic rigor but also a willingness to adapt, grow, and lead. I see every promotion not just as a recognition of past work but as a call to do more.

You’ve taught a wide range of accounting courses. Which of these do you find most engaging, and why?

Management Accounting stands out for me. It offers deep insight into financial operations such as budgeting, forecasting, productivity, and profitability. I find it particularly engaging because it bridges the gap between financial data and strategic decision-making, equipping students with the tools to drive performance in any organisation.

How do you integrate your industry experience into your classroom teaching?

It’s been a seamless and enriching process. Industry experience makes teaching more relatable. Students are often better able to understand complex theories when you can tie them to real-world examples. Whether it’s cost control mechanisms or investment appraisals, relating content to actual practice deepens their comprehension and keeps them engaged.

As coordinator for undergraduate project defenses, what are the most common areas students struggle with, and how do you address them?

Time management, task prioritisation, and seeking timely support are among the most frequent challenges. Many students also grapple with high stress and anxiety, which further complicates their ability to make sound academic decisions. To support them, I emphasize early planning, provide consistent mentorship, and create an environment where they feel safe to ask for help. Encouraging a culture of open communication has made a big difference.

Which of your published papers do you consider most impactful, and what were its major findings?

My work on Sustainability Reporting and Financial Performance of Listed Manufacturing Firms in Nigeria stands out. The study found a positive correlation between sustainability practices and financial outcomes. Essentially, firms that are transparent and responsible in their environmental and social practices tend to perform better financially. This finding supports the growing consensus that ethical business conduct is not just good for society, but also for the bottom line.

You’ve co-authored papers with several colleagues. What is your approach to collaborative research?

Collaboration begins with clarity on objectives, roles, expectations, and timelines. I believe in creating a shared vision at the outset and maintaining open communication throughout the research process. Mutual respect and complementary skill sets are also crucial for producing meaningful and high-quality work.

What are the biggest challenges you’ve encountered in conducting or publishing research in Nigeria?

The infrastructure gaps are a real challenge. Poor internet access, frequent power outages, and a lack of technological tools significantly hinder research productivity. Additionally, access to international journals and up-to-date databases remains limited for many scholars. Overcoming these obstacles often requires a mix of personal resourcefulness and institutional support.

How do you see the future of accounting education in Nigeria, particularly in light of digital and regulatory changes?

The future is digital, without a doubt. Artificial Intelligence and automation are transforming the way we account for, audit, and analyse financial data. There’s also a growing emphasis on revenue generation and data analytics. To remain relevant, accounting education must evolve integrating technology, adapting to new regulatory frameworks, and preparing students for a globalised digital economy.

Final thoughts?

Nigeria has immense intellectual potential. With the right support, infrastructure, and reforms, our academic institutions can not only compete globally but also lead. I remain committed to mentoring the next generation of accountants and scholars who will shape the future of business and finance in Africa and beyond.