The Faculty of Economics and Social Studies, as it was then called (now Faculty of Social Sciences) was one of the five Faculties that started the University of Ife I in 1962. emphases then, was laid on courses in Economics but there were available supporting courses in Political Science and Sociology. Staffing was thin and unstable and much effort was made to recruit staff for the teaching of all the courses then available in faculty. Up till the end of 1962/63 session, only four academic staff were available in the Faculty.

During the 1963/64 session, the name of the faculty was changed to the Faculty of Social Sciences. Separate degree courses were approved in Economics, Business Management, Government/Sociology. However, the degree awarded in the Faculty was still titled, Bachelor of Science, Economics. The Faculty graduated its first set of 33 students in July 1965 with the degree B.Sc. (Economics). Click here for more