Dayo Ayoade
Dayo Ayoade is a Professor of Energy who analyzes the factors contributing to Nigeria having the highest crude oil production costs in the world. He stresses the importance of addressing security issues and oil theft to improve the profitability of Nigeria's oil sector.
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Recent news mentions
Dayo Ayoade is a professor of energy who argued that Adelabu's replacement should not have political ambitions.
Jostle for Adelabu’s ministerial seat heats up for Oyo 2027
Nigeria· 2026-03-04
Dayo Ayoade is an energy law expert at the University of Lagos, discussing the impact of global oil market dynamics on Nigeria.
Iran-US Conflict May Increase Nigeria's Fuel PricesNigeria· 2026-03-02
Professor Dayo Ayoade cautioned against conflicts and urged mechanisms to foster growth during the transition.
States Take Charge of PowerNigeria· 2025-06-24
Dayo Ayoade, a professor of energy at the University of Lagos, expressed concerns about Nigeria's reliance on fixed crude prices for budget funding.
FG’s 2025 budget jerks again, marketers anticipate price cutNigeria· 2025-04-08
Dayo Ayoade said Nigeria is the country with the highest cost of producing crude oil, saying 'That’s why our profit margins are so low.'
Stakeholders worry as Nigeria spends N18tn on crude production annuallyNigeria· 2025-02-10
