Professor of Economics, University of Ibadan

Professor Adenikinju holds a PhD Degree in Economics from the University of Ibadan, Nigeria. He is currently a Professor of Economics in the same Department. He is also a Research Professor at the Centre for Econometrics and Allied Research, as well as Senior Research Fellow, Macroeconomic Study Group, University of Ibadan. Adeola has consulted for such organizations as the European Union, United Nations, the Nigeria Liquefied Natural Gas Company, NLNG, The African Economic Research Consortium, OECD, UNIDO, ECOWAS, UNECA, the World Bank, the National Data Bank, Adam Smith International, among others. He was one of the Consultants that prepared the First Perspective Plan for Nigeria. He is also involved in the United Nations Project Link that makes economic projection for the Nigerian Economy. Adeola was a Visiting Scholar to the International Monetary Fund (IMF) in 1996 and 2005. His research interests include Petroleum and Energy Economics, Macroeconomic modeling, and Economic Development Issues. He has published extensively in reputable Local and International Journals, including the OPEC Review, Energy Policy, Pacific and Asian Journal of Energy, Economic Development and Cultural Change, Nigerian Journal of Economic and Social Studies, and African Journal of Economic Policy. He is a Life Member, and former Business Manager of the Nigerian Economic Society, Member, African Economic Research Consortium, Member, Association of Third World Studies, Philadelphia, Vice President, Nigerian Association for Energy Economics, 2006-2010, President, Nigerian Association for Energy Economics, 2011 -2015 and Member, the International Association for Energy Economics. He is Vice President, Nigerian Economics Society, 2021 – 2023, and President, Nigerian Association of Macroeconomic Modelers, 2021-2023. He is currently the Editor, Journal of Economic Management. Adeola served as a Special Assistant to the Presidential Adviser on Energy Matters, between 2005 and 2007, and Senior Special Assistant to the President, Office of the Chief Economic Adviser to the President between 2010 and 2011.  He is was Director, Centre for Petroleum, Energy Economics and Law (CPEEL), a MacArthur Foundation Regional Centre of Excellence at the University of Ibadan that provides training, research and consultancy on all aspects of energy 2011-2021, and currently, Head of Department of Economics, University of Ibadan. Prof Adenikinju led the modeling team for the Nigeria’s National Development Plan, the Medium Term National Development Plan (MTNDP, 2021-2025) and Agenda 2050 (2021-2050). He was appointed by President Muhammadu Buhari as a Member of CBN Monetary Policy Committee in 2018, and reappointed for another four year term in 2022.

At Pan African Level, Professor Adenikinju has served as the Course Director, Macroeconomic Modelling for Development Planners, United Nation’s Institute of Economic Development, Dakar, Senegal. Member, Joint Technical Advisory Panel for the NEPAD Medium to Long Term Strategic Framework and the African Infrastructure Country Diagnostic Study. A World Bank and AfDB Initiative. Lead Author, Global Energy Knowledge, a network of International Energy Specialists. United Nations Industrial Development Organisation (UNIDO), study on the “Analysis of the impact of ratification of the Kyoto Protocol on the Nigerian economy”. World Bank Study on“Nigeria’s Trade Policy Overview Assessment and Impediments to Integration into World Trade. Member of the Technical Committee that supported the Presidential Committee on the “25 Year Power Development Plan for Nigeria” . Consultant to the World Bank Nigeria Country Office on the ‘Competitiveness and Growth Project”. I drafted the Chapter on “Explaining Nigeria Economic Growth” .  Prepared a Joint paper on the Framework for the Impact of Asian Drivers on the Oil and Gas Sector in Africa for the African Economic Research Consortium, Nairobi Kenya. Author of the CEE and USAID Report on “West Africa Energy Security Report”. 2008. Gas Policy Analyst on World Bank Supported Gas to Power Integrated Project in Nigeria 2007-2008. Consultant to the EC on theFeasibility Study for the Development of Macroeconomic models for Research and Evidence Based Policy and Decision-Making for The National Planning Commission, Nigeria, 2009-2010.  Secretary, National  Multisectoral Committee on Energy Access – a Presidential Committee. Consultant to the United Nations Economic Commission for Africa (UNECA) South Regional Office (SRO) on the “Socio-Economic Report for West Africa, 2011 and 2012. He also served as Senior Economist on the Nigerian Infrastructure Advisory Facility August – December, 2016”. He is currently leading a PEP team study on the Impacts and Policy Response to Covid-19 in Nigeria, as well as Lead Researcher, ECA Young Economists Modeling Team, charged with developing macroeconomic model to support 10% annual economic growth for Africa. 

Professor Adenikinju is listed in “Who’s Who: University of Ibadan (1948-2018). He is Fellow of the NAEE and Fellow, Energy Institute.

He is happily married with children.