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Business News of Tuesday, 23 May 2023

Source: www.legit.ng

From 300k to N3.3m: List of tuition fees of top Private Universities in Nigeria

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A report by Agora Policy, a Nigerian think-tank committed to finding practical solutions to urgent national challenges, has highlighted the tuition fees charged by some private universities in Nigeria.

The report by Bolaji Abdullahi recommended ways to reposition Nigeria’s public universities for national growth and competitiveness.

Among other things, Abdullahi who was a former commissioner for education in Kwara state and minister for youth development and sports, advised the federal government to be less involved in university administration.

"Less government is best for universities. Government should grant full autonomy to its public universities, and allow each university to develop its own identity and grow at its own pace," he wrote.

The former minister also compared the tuition fees charged by some public universities with that of the private-owned to make the point that the former needs to start charging realistic tuition fees that can guarantee quality education.

"Universities should be allowed to charge tuition fees within the parameters set by government, but the Education Bank needs to be established to offer federal government-backed loans to students who may require them," he added.

2023 First Year fees for some private universities in Nigeria

1. Renaissance University - Enugu - N300,000

2. Baze University - Abuja - N1,497,375

3. Ajayi Crowther University - Ibadan - N315,000

4. Skyline University - Kano - N2,046,000

5. Pan-Atlantic University - Lagos - N3,324,250

6. Afe Babalola University - Ado-Ekiti - N536,000

7. Covenant University - Ota - N937,500

8. American University of Nigeria - Yola - N2,220,000

The former minister also highlighted the tuition fees some public universities in the country charge.

Fees charged by some public universities in Nigeria

1. University of Lagos - N55,500

2. University of Ibadan - N36,800

3. University of Nigeria, Nsukka - N61,340

4. Ahmadu Bello University - N44,500

5. University of Abuja - N52,300

Meanwhile, the University of Abuja (UNIABUJA) recently released the new fees to be paid by fresh students of the institution for the 20222/2023 academic session.

This was disclosed in a post on the university's official Facebook page on Saturday, April 29.

Despite the increase in the fees, the university said it has "one of the lowest fee structures among all the universities that are currently reviewing their fees."