Magnus L. Kpakol is the Chairman, CEO and Chief Strategist at the Economic and Business Strategies (EBS), with offices in Dallas Texas, USA and Abuja, Nigeria; he is the host of Magnus Kpakol gvA, a Talk Show on global economic and business trends and how they affect Africa.
He is also the founder and Chairman of the Economic Growth and Development Center (EGDC), the initiators of SHAFRI (an educational social network for kids in Africa and around the world).
The EBS has developed and is now promoting SHAFRI. He holds a Ph.D. in political economy from the University of Texas at Dallas.
At the EBS, Dr. Kpakol leads a team of strategists in designing policies and programs for trade promotion, business competitiveness and local economic development. His team conducts international and local training for private and public sector professionals seeking to be the best in their trade and in promoting economic efficiency, increased economic participation, performance and economic development. They also specialize in poverty solutions, developing programs for job creation, economic growth and development. Building on his experience, Dr. Kpakol is proficient in research techniques and policy development and also in program coordination, monitoring and evaluation.
Magnus Lekara Kpakol was born in Nigeria but lives in Texas in the United States of America. He attended St. Pius X Secondary School, Bodo, and Baptist High School, Port Harcourt in Rivers State, Nigeria before leaving for the United States as a teenager in the mid 1970s.
He obtained a Bachelor of Science Degree from the University of Wisconsin, Superior in 1978; studied Labor Economics and Industrial Relations at the University of Minnesota, Minneapolis and in 1982 obtained a Master of Science Degree in Labor and Industrial Relations at the University of North Texas in Denton, Texas, where he specialized in labor economics and Industrial Relations. In 1983 he got a Master of Arts degree in Political Economy from the University of Texas at Dallas and subsequently obtained a Ph.D in Political Economy in 1988 from the University of Texas at Dallas, specializing in economic development and international economics.
Magnus Kpakol was a senior economist in the Planning and Research department at the JCPenney Company Corporate office in Plano, Texas. He was also a visiting professor of economics at the University of Dallas in Texas and previous to that an adjunct professor of economics at the same university where he taught economic development, international economics, labor economics, statistics, econometrics and public economics. Dr. Kpakol also taught many courses in the Graduate School of Business at the University of Dallas. He was also an adjunct professor at the University of North Texas in Denton, and adjunct lecturer at North Lake College in Irving, Texas and Mountain View College in Dallas. He was the Director and Principal Consultant at VIJONS, an international business and management consulting firm, based in Dallas Texas. He once served as a consultant for the United Nations Development Program (UNDP), He has spoken at conferences around the world and appeared on various radio and TV programs. He has been quoted in the Wall Street Journal and USA Today as an international economist with expertise on the US, African and the global economies.
Dr. Kpakol was a member of the Board of Trustees of John Brown University in Siloam Springs Arkansas. He is a member of the Dallas Economists’ Club, where he was chairman of the Education Committee. He is also a member of the American Economic Association, the National Association of Business Economics (NABE) and the International Roundtable of NABE.
His specialty in international economics and economic development brought him into Nigeria as an adviser to the President of Nigeria for many years.
Dr. Magnus L. Kpakol's international professional experience includes his service as Chief Economic Adviser to the President of Nigeria from July 2001 to May 2003. While serving as Chief Economic Adviser to President Olusegun Obasanjo, he was also the Chief Executive Officer of the National Planning Commission, and a member of cabinet in the Federal Executive Council, responsible for the nation’s economic planning, working closely with the Minister of Finance, and Governor of the Central Bank on fiscal and monetary policies.
Dr. Kpakol served for eight years as a special advisor to the President on poverty eradication and was also the National Coordinator of the National Poverty Eradication Program (NAPEP). During his service as advisor to the President on poverty he developed a unique Conditional Cash Transfer (CCT) program in Nigeria called COPE, with special uniques features where a qualified poor household receives a temporary Basic Income Guarantee (BIG) to supplement their income and a Poverty Reduction Accelerator Investment (PRAI) in order to be integrated into the mainstream economy. This revolutionary CCT model designed by Dr. Magnus Kpakol continues to be widely adopted in Nigeria. While at NAPEP, Dr. Kpakol also created the Village Economic Development Solutions (Village Solutions) a program where market driven meso and micro credit approaches were emphasized in an anchor and capacity widening strategy to promote and stabilize a robust value-chain framework for the poor in the agriculture sector for job creation and economic development; he developed and initiated the Promise Keeper Partnership (PKP) scheme where the government partners with well-to-do citizens through faith-based organizations for job creation using micro credit or micro-grants.
Dr Magnus L kpakol founded MAGONI Productions, the creators of Magoni music with roots in Ogoni rhythm to promote peace, freedom, love and economic development.Back to previous