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Insight & Analysis - March 26, 2022

7 Most Expensive Private Universities in Nigeria

Nigeria’s first private university was founded in 1999.

Typically, private universities in Nigeria are known for how expensive they are. And there is a good number of these privately owned universities in Nigeria. 

Nigeria’s first private university was founded in 1999. Situated in Okada, Edo State, the institution was called Igbinedion University. 

Since then, private educators and investors have effectively gained control of Nigeria’s tertiary education system.

However, the cost of operating these private universities in Nigeria continues to rise, reflecting the country’s harsh economy.

 It’s no surprise that private universities in Nigeria have become prohibitively pricey. However, quality education is not inexpensive anywhere on the planet.

Some of these private universities in Nigeria provide students with a high-quality education. This prepares them to compete with students from other countries.

Here are seven most expensive private universities in Nigeria

1. Nile University

Fee: ₦2,400,000 Million – ₦5,750,000 Million per session (200 level- 500 level).

In 2021, Nile University was ranked first among Nigeria’s most costly university. 

The Nile University was founded in 2009 and is located in Abuja. It started with three faculties. This includes Arts & Social Sciences, Engineering, and Natural & Applied Sciences. About 93 students enrolled at the time.

The Nile University of Nigeria now has six faculties and a School of Postgraduate Studies, with over 4,000 students enrolled. This includes undergraduate and postgraduate. Currently, NILE offers 33 undergraduate and 43 postgraduate degrees.

2. Baze University 

Fee: ₦2,722,500 – ₦5,025,000 per session (200 level- 500 level).

Baze University is a privately-owned university in Abuja, Nigeria, that provides students with a high-quality education.

The university was founded by Yusuf Datti Baba-Ahmed, a Nigerian politician. On Jabi Airport Road Bypass Ring Road in Abuja is the main campus. 

In April 2011, Baze University began with a Foundation class and three faculties. This includes Management & Social Science, Law, and Computing & Applied Sciences. 

The university currently has six faculties, including the three basic colleges of Engineering, Basic Medical Sciences, and Environmental Sciences. Within these Faculties, there are numerous specialities.

3. The Pan Atlantic University 

Fee: ₦2,028,000 – ₦2,835,000 per session (200 level- 500 level)

The Lagos Business School (LBS), founded in 1991, was the forerunner of Pan Atlantic University.

In 2002, the federal government designated the institution as Pan-African University, and the LBS became its inaugural school.

The Ajah Campus was finished in 2003, and work on the Ibeju-Lekki Campus began in 2010. The school has some of Nigeria’s greatest teachers and experts.

4. The American University of Nigeria

Fee: ₦1,850,000 – ₦2,660,000 per session (200 level- 500 level)

The American University of Nigeria is one of Nigeria’s most prestigious private universities. The institution is located in the north, and possibly one of the most expensive.

Atiku Abubakar, Nigeria’s former vice president, and other local and foreign statesmen and academic leaders founded the institution in 2003.

The university was envisioned as a place where students could learn about development concerns. This is while they receive an education based on best-in-class curriculum and pedagogy from the United States. 

The three-component schools were Arts & Sciences, Business & Entrepreneurship, and IT & Computing.

The institution’s name was changed from ABTI American University to its current name, American University of Nigeria, in 2007 (AUN). In 2009, the first batch of 92 students graduated.

5. Afe Babalola University 

Fee: ₦1,000,000 – ₦1,850,000 million (200 level- 500 level)

The private university Afe Babalola (ABUAD) is located in Ado-Ekiti, Ekiti State. It was formed in 2009 by Chief Afe Babalola (SAN), a well-known Nigerian lawyer and philanthropist.

Afe Babalola University has six colleges that offer academic programs. It offers in sciences, law, engineering, social and management sciences, medicine and health sciences, and so on. 

There are currently five colleges. This includes the College of Law, the College of Sciences, the College of Medicine and Health Sciences, the College of Engineering, and others.

6. Benson Idahosa University 

Fee: ₦330,400.00 – ₦1,520,000.00 (200 level- 500 level)

In 2021, Benson Idahosa University was one of Nigeria’s most expensive universities. The school is in Edo State’s Benin City.

The Federal Government granted Benson Idahosa University approval to operate in February 2002. This was ten years after his application to start the institution.

In March 2002, the university became a fully licensed institution, with an initial enrolment of 400 students. They were divided into two faculties, Faculty of Arts, Social Sciences, Education, and Faculty of Basic and Applied Sciences.

7. Covenant University 

Fee: N1.2 million on average (200 level- 500 level). The school fees vary according to courses.

Possibly the best private institution in Nigeria. As well as one of the top five universities in the country. 

Covenant University would be one of Nigeria’s greatest universities in 2022. 

Covenant University is a dynamic, vision-driven university that was formed on a Christian mission mentality. And is dedicated to pioneering excellence at the cutting edge of learning.

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