Breaking Down the Cost: Top 10 Most Expensive Universities in Nigeria in 2024 and their Fees
Below is a list of the most expensive universities in Nigeria in 2024.
- Nile University
- Baze University, Abuja
- Pan Atlantic University, Lagos
- American University Nigeria, Adamawa State
- Afe Babalola University, Ado-Ekiti
- Benson Idahosa University, Benin City
- Covenant University, Ogun State
- Bowen University, Ogun State
- Babcock University, Ogun State
- Leadcity University, Ibadan
Most expensive universities in Nigeria in 2024 and their fees
Choosing a university to attend is a significant decision for many students and their families. With tuition fees, accommodation, and other expenses to consider, the cost of attending university can be a major factor in the decision-making process.
As a student, it’s important to have an idea of the total cost of attending a university before making a decision on where to enrol. In this post, we’re going to break down the cost of attending the most expensive universities in Nigeria for 2024. We’ll look at tuition fees, accommodation, transportation, and other expenses to give you an idea of what to expect.
Whether you’re a student or a parent helping your child make a decision, this post will give you a better understanding of the financial commitment of attending a Nigerian university.
Below is a list of some of the most expensive universities in Nigeria in 2024. Incidentally, some of the universities on this list are among the best universities in Nigeria in 2024.
Please note that these universities are listed in no particular order and the information fees mentioned here are not static, and school fees across various schools depend on the different types of courses and other factors.
#1. Nile University
Fee: ₦2,400,000 Million – ₦5,750,000 Million per session
Nile university ranks top among the most expensive universities in Nigeria in 2024. The University was established in 2009 and is located in Abuja. When they started, NILE had three faculties (Arts & Social Sciences, Engineering, and Natural & Applied Sciences) and 93 students.
Currently, Nile University of Nigeria has six faculties and a School of Postgraduate Studies, as well as over 4,000 students (undergraduate and postgraduate). NILE currently offers 33 undergraduate programs and 43 postgraduate programs.
*NOTE: Fees only cover tuition, accommodation is not included.
#2. Baze University, Abuja
Fee: ₦2,722,500 – ₦5,025,000 per session.
Baze University is one of the privately-owned universities located in Abuja Nigeria that offer quality education to students.
The main Campus is 6km from Abuja Central Area, on Jabi Airport Road Bypass Ring Road. Academic/Social activities commenced in the Academic and Administrative (Ahmadu Abubakar) building, the Social Area and the Sports Complex. Baze has another site at Bwari for further development.
Baze University began in April 2011 with a Foundation class and three Faculties: Management & Social Science, Law, Computing & Applied Sciences. Currently, the University has 6 Faculties which include the three (3) foundational faculties, Faculty of Engineering, Basic Medical, and Environmental Sciences. There are several specialties within these Faculties – see Courses
#3. Pan Atlantic University, Lagos
Fee: ₦2,028,000 – ₦2,835,000 per session
The Pan Atlantic University had its origin as the Lagos Business School (LBS), established in 1991. The school was approved by the federal government as Pan-African University in 2002, and the LBS became its first school.
The Ajah Campus was completed in 2003 and in 2010 work began on the Ibeju-Lekki campus. The school boasts of some of the best lecturers a professionals in Nigeria.
#4. American University Nigeria, Yola
Fee: ₦1,850,000 – ₦2,660,000 per session.
The American University of Nigeria is one of the leading private universities in Nigeria located in the North and arguably one of the most expensive schools in Nigeria.
The university was founded in 2003 by Atiku Abubakar, Nigeria’s former vice president, along with other local and international statesmen and academic leaders.
The institution was conceived as a university which would focus on development issues while providing an education modeled after the best US practices in content and pedagogy. The three constituent schools were Arts & Sciences, Business & Entrepreneurship, and IT & Computing.
In 2007, the name of the institution was changed from ABTI American University to its present name of the American University of Nigeria (AUN). The pioneer class of 92 students graduated in 2009.
#5. Afe Babalola University, Ado-Ekiti
Fee: ₦1,000,000 – ₦1,850,000 million
Afe Babalola University (ABUAD) is a private university located in Ado-Ekiti, Ekiti State, Nigeria. It was founded by a renowned Nigerian lawyer and philanthropist, Chief Afe Babalola, (SAN) in 2009.
Afe Babalola University offers Academic programs in six Colleges: Sciences, Law, Engineering, Social and Management Sciences, Medicine and Health Sciences, etc. They presently have five colleges; College of Law, College of Sciences, College of Medicine and Health Sciences, College of Engineering, and others.
#6. Benson Idahosa University, Benin City
Fee: ₦330,400.00 – ₦1,520,000.00
Benson Idahosa University is one of the most expensive universities in Nigeria in 2024. The school located in Benin City, Edo State.
In February 2002, ten years after the application to start the school, the Federal Government graciously granted Benson Idahosa University license to operate.
The University started operating as a fully licensed institution in March 2002 with an initial student enrolment of 400, registered into two faculties (Faculty of Arts, Social Sciences, Education, and Faculty of Basic and Applied Sciences).
#7. Covenant University, Ogun State
Fee: ₦1.2 million on average (school fees vary according to courses).
Arguably the best private university in Nigeria and the top 5 best universities in Nigeria overall. Covenant University is one of the best universities in Nigeria in 2024. CU has proven to be a true institution of learning that sets students on the path of success in a globally competitive world.
Covenant University is a growing, dynamic vision-birthed, vision-driven University, founded on a Christian mission ethos and committed to pioneering excellence at the cutting edge of learning.
#8. Bowen University, Ogun State
Fee: ₦425,900 – ₦3,499,000
Since its founding in 2001, Bowen has been dedicated to providing high-quality, morally sound, and socially relevant education in the most cost-effective manner to all its students.
Bowen University is a Christian Institution with total commitment to the age-long tradition held by the Baptist. The school is located at Iwo in Osun State, Nigeria, and is the first Baptist University in Africa.
#9. Babcock University, Ogun State
Fee: N₦700,000 and ₦1,977,200
Babcock University is a private Christian co-educational Nigerian university owned and operated by the Seventh-day Adventist Church in Nigeria. The university is located at Alishan-Remo, Ogun State, Nigeria equidistant between Ibadan and Lagos.
In 2017, the university had its first set of graduates from the Ben Carson School of Medicine.
It is a part of the Seventh-day Adventist education system, which is the world’s second-largest Christian school system.
#10. Lead City University, Ibadan
Fee: ₦350,000 and above
Currently in its sixteenth academic session. Lead City University, Ibadan (LCU) is a private University approved by the Federal Government of Nigeria. It has graduated nine sets of students.
The school offers various programmes suitable for both the young adolescents and adult working class. Programmes are offered by specialized faculties in Social Sciences & Entrepreneurial Studies, Information Technology & Applied Sciences and Law. Lead City ranks as one of the most expensive universities in Nigeria in 202.
Factors contributing to the high cost of universities
Several factors contribute to the high cost of universities in Nigeria. Understanding these factors can help shed light on why some institutions have higher tuition fees compared to others.
- Infrastructure and Facilities: One of the major contributors to the high cost is the need for well-maintained infrastructure and modern facilities. Universities that invest in state-of-the-art laboratories, libraries, research centers, and sports facilities often have higher tuition fees to cover the expenses incurred in maintaining and upgrading these facilities.
- Faculty and Staff: Another significant factor is the quality of faculty and staff. Universities that attract highly qualified and experienced professors and lecturers often pay higher salaries and offer better benefits. These costs are reflected in the tuition fees.
- Accreditation and Affiliation: Universities that have international accreditations or affiliations with renowned institutions may have higher costs associated with maintaining these credentials. These affiliations often require regular audits, quality assurance processes, and collaboration, which can increase the overall expenses of the institution.
- Research and Development: Universities that prioritize research and development often require additional funds to support ongoing projects and initiatives. These costs are often passed on to the students through higher tuition fees.
- Student Support Services: Providing comprehensive support services, such as counseling, career guidance, library resources, and student organizations, requires additional funding. These services enhance the overall student experience but can contribute to higher tuition fees.
- Cost of Living: The location of the university and the cost of living in that area can also impact the overall cost. Universities located in major cities or areas with a high cost of living may require students to pay higher tuition fees to cover the expenses associated with living in those areas.
Methodology used to determine the most expensive universities in Nigeria
Determining the most expensive universities in Nigeria for 2024 required a meticulous and thorough methodology. We wanted to provide an accurate and reliable ranking that would give prospective students and their families valuable insight into the cost of education at different institutions.
To begin with, we gathered data from various sources, including official university websites, reports, and reliable online platforms. We focused on gathering information related to tuition fees, accommodation costs, meal plans, and additional expenses such as textbooks and transportation.
Next, we carefully analyzed the data to ensure its accuracy and consistency. We cross-referenced multiple sources to verify the information and eliminate any potential discrepancies. This step was crucial in ensuring that our ranking reflects the actual cost of attending each university.
In order to create a comprehensive ranking, we assigned weights to different cost categories based on their relative significance. For instance, we considered tuition fees as the primary factor, given its significance in determining the overall cost of education. Accommodation costs and additional expenses were also given appropriate weightage to reflect their impact on the total cost.
After assigning weights, we calculated a composite score for each university by summing up the weighted costs. This score allowed us to rank the universities from highest to lowest in terms of overall expense.
It’s important to note that this ranking is based solely on cost and does not take into account other factors such as quality of education, reputation, or student satisfaction. Prospective students should consider these additional factors when making their decision about where to pursue their education.
By employing a rigorous methodology and ensuring data accuracy, we have strived to provide an informative and reliable ranking of the most expensive universities in Nigeria for 2024. We hope that this information will assist students and their families in making informed decisions about their educational journey.
We hope you found our blog post on the most expensive universities in Nigeria for 2024 informative and insightful. Remember, the most expensive universities may not always be the best fit for everyone, so consider other factors such as academic programs, campus facilities, and student support services. We wish you the best of luck in your educational journey!
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