LIACE provides equality of opportunities for economics in both developed and developing countries like Nigeria. It provides professional training for people working in various walks of life. The entire system is hampered by shortage, which the conventional institutions are unable to meet. It also helps to make the economics profession relevant to the needs of the country. It is therefore, a viable option in the training and retaining of professional economists Africa. Why becoming a Professional Economists? There is no gainsaying the fact that education is fast becoming an essential commodity that everyone is aspiring to have. High unemployment rate coupled with severe economic crunch often necessitate people at the middle cadre to seek an alternative means of training themselves to acquire more skills while still retaining their jobs. The Institute therefore, serves as a viable option for such category of people because of its capacity to provide them with their professional training needs and at the same time guaranteeing them job security in their work places.