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Speaker
Olumide Bamidele Owoeye
University of Ibadan, Nigeria
Biography

Mr Olumide Bamidele Owoeye is an erudite scholar. He hails from Ekiti State (the Land of Honour), Nigeria. He started his primary school education from Ondo State College of Education Staff School Ikere-Ekiti and proceeded to secondary education, Christ School Ado-Ekiti. In the year 2006, 2010 and 2018 he obtained a Bachelor of Science (B.Sc.) (Second Class Upper Division), Master of Science (M.Sc) and (M.Phil.) degree in Economics from University of Ado- Ekiti and University of Ibadan respectively. He is a member of Nigerian Association for Health Economics (NAHE), International Association for Energy Economics (IAEE) and Nigerian Association for Energy Economics (NAEE). Also, he belongs to the membership of African Sustainable Development Network (ASUDNET). He has worked as resource person, Senior Research Fellow and an Academic Advisor at the Distance Learning Center, Department of Economics, University of Ibadan and Health Policy, Training and Research Programme. He has attended and participated in different international conferences and workshops. To mention few was the 2012 Research Conference on Microinsurance, University of Twente, Enschede, Netherlands. He participated in the research sponsored by United Nations “Building Evidence and Capacity for Demographic Dividend in Nigeria: National Transfer Accounts (NTA) and DemDiv Approach. In 2017, he participated in the estimation and writing of the report on Demographic Dividend for Nigeria titled: “Harnessing Demographic Dividend for Nigerian Sustainable Development: 2016 Demographic Dividend Report of Nigeria” sponsored by (UNFPA). Also, he participated in other researches sponsored by UNICEF. To mention few are: “Financial Benchmark and Child Protection Services in Lagos State, Nigeria ” and ‘‘Public Investment in Children and their Families in Lagos, Osun and Oyo State, Nigeria”. He trained and participated in the development of Manual for Tracking of Public Expenditure on Children in Oyo State of Nigeria.He has written different academic papers. To mention few, here are: “Economic Cost of Tobacco-Related Diseases in Nigeria” and “The Determinant of Medical Expenditures Attributable to Smoking in Nigeria”. Currently, he is a Senior Research Fellow at Health Policy, Training and Research Programme, University of Ibadan.

Abstract

Alcohol, cigarette and marijuana consumption is prevalent among youths and could lead to addiction and abuse. The consumption of these three goods imposes significant costs on the society through its negative impact on health, crime, health expenditure and productivity. Evidence from past studies had shown that some alcohol users and cigarette smokers had tried marijuana. However, the optimal consumption of alcohol, cigarette and marijuana and their interdependence raise critical questions on whether alcohol, cigarette and marijuana are imperfectly rational or rational addictive. While studies have independently examined the dimension of their addiction, their adaptation (tolerance) and irreversibility (withdrawal) has received little attention. This study, will examined the economics of addiction for alcohol, cigarette and marijuana in Ibadan metropolis, Nigeria. The study will be anchored on Deaton and Muellbauer’s Almost Ideal Demand System (AIDS) Theory. Motor parks, market places and beer parlours across Ibadan North and Ibadan West Local Government Areas would be selected based on relative prevalence of alcohol, cigarette and marijuana consumption in Ibadan metropolis. Thereafter, a purposive sampling technique will be used to administer a structured questionnaire and select 1000 respondents. The questionnaire will focus on socio-economic characteristics (age, sex, education and marital status) and other variables (such as price of alcohol, cigarette and marijuana, participation, budget share and quitting) would be used. Estimation procedure will utilise a sequential three stage hurdles model of consumer decisions: decision to consume alcohol, cigarette or marijuana; budget share of the consumer; and decision to quit consumption. While the first and third hurdles would be estimated using the probit technique, the second hurdle will be estimated using Ordinary Least Square (OLS) method. Statistical significance will be at p <0.05.

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