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, and the National Data Bank, 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 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 was the pioneer Director of 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.