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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Nigeria:
Dayo Ayoade, a professor of energy at the University of Lagos, expressed concerns about Nigeria's reliance on fixed crude prices for budget funding.
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Nigeria:
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.'
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