Top 10 Most Expensive Private Universities in Nigeria of 2024
Top 10 Most Expensive Private Universities in Nigeria of 2024

Top 10 Most Expensive Private Universities in Nigeria of 2024

University education is an important stepping stone for many students in Nigeria. However, choosing the right university can be challenging, especially as tuition costs vary significantly between public and private institutions. If you are looking for a high-quality education but also want to consider your budget, here is an in-depth look at the top 10 most expensive private universities in Nigeria for 2024.

 

The Most Expensive Private Universities in Nigeria 2024

#1 – American University of Nigeria (AUN), Yola

Founded in 2004, the American University of Nigeria is the most expensive private university in Nigeria. It was inspired by the American model of liberal arts education and aims to foster global citizenship. Tuition fees at AUN range from ₦2.5 million to ₦4.8 million per academic year, depending on the program. Some key facts about AUN:

  • Accredited programs in Business, Computer Science, Engineering, Law and more
  • Beautiful 160-acre campus with modern facilities
  • Rigorous admissions – Average SAT score of 1250+
  • The faculty comprises of Nigerian and international scholars

 

#2 – Baze University, Abuja

Established in 2011, Baze University has grown to become one of the top private universities in Nigeria. It is situated in the capital city of Abuja. Annual tuition fees at Baze University range between ₦1.5 million to ₦3.2 million depending on your program of study. Notable facts about Baze University include:

  • Accredited programs in Law, Engineering, Management, Sciences and more
  • State-of-the-art campus facilities and labs
  • Excellent student-teacher ratio of 1:15
  • Emphasis on innovation, research, and extra-curricular activities
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#3 – Covenant University, Ota

Founded in 2002 by Living Faith Church Worldwide, Covenant University is renowned for its high academic and moral standards. Located in Ota, Ogun State, it is sponsored by the church. Despite being one of the oldest private universities, Covenant University still charges between ₦1 million to ₦2.5 million per year to attract top Nigerian and international students. Some key facts:

  • Accredited programs in various fields including Engineering, Sciences and Business
  • Leading research university with ultra-modern facilities
  • Consistently produces top MEDIC (MBA, medicine, engineering) students
  • Applies zero tolerance policy towards exam malpractice

 

#4 – Pan-Atlantic University, Lagos

Previously known as Lagos Business School, Pan-Atlantic University was rebranded in 2023. Located in Lekki, Lagos, it is renowned for its focus on business, economics, and entrepreneurship programs. Despite being a relatively smaller university, Pan-Atlantic charges about ₦2 million per year making it one of the most expensive. Key highlights:

  • Pioneer of MBA education in West Africa with AACSB accreditation
  • Emphasis on experiential learning through workshops and internships
  • Strong industry connections and placement rates
  • State-of-the-art campus facilities and amenities

 

#5 – Afe Babalola University, Ado-Ekiti

Founded in 2009 and named after prominent lawyer Afe Babalola, Afe Babalola University (ABUAD) has carved a niche as a top private university in Nigeria. It charges between ₦1-₦2.5 million per annum depending on your course of study. Some key facts about ABUAD:

  • Accredited programs in Engineering, Sciences, Law, Medicine and others
  • Modern campus facilities including teaching and research infrastructure
  • Strong industry collaboration for research, workshops and internships
  • The rigorous screening process to ensure the quality of students
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#6 – Babcock University, Ogun State

Owned by the Seventh Day Adventist Church, Babcock University, is one of the earliest established private universities in Nigeria. Located in Ilishan-Remo, Ogun State, Babcock charges between ₦800,000 to ₦1.3 million per year for tuition. Some highlights about Babcock University include:

  • Accredited programs in various fields like Business, Engineering, Sciences, and Arts
  • Leading research university with reputable medical and law schools
  • Modern green campus featuring academic and hostel buildings
  • Active student life through clubs, conferences, and competitions

#7 – Benson Idahosa University, Benin City

Founded in 1998 by Archbishop Benson Andrew Idahosa, Benson Idahosa University (BIU) aims to provide quality Christian education. Located in Benin City, Edo State, BIU charges around ₦1.2-₦2 million annually depending on your course of study. Key highlights about BIU include:

  • Accredited programs in Sciences, Management, Social Sciences, Arts and more
  • State-of-the-art campus facilities and equipment
  • Conducive environment for spiritual and character development
  • High employability rate due to strong academic curriculum

 

#8 – Igbinedion University, Okada

Established in 1999, Igbinedion University Okada (IEU) is named after Chief Gabriel Osawaru Igbinedion, the Esama of Benin Kingdom in Nigeria. It is located in Okada, Edo State. Students pay between ₦1-₦2 million per annum depending on their chosen program. Key highlights about IEU:

  • Accredited programs in various fields such as Sciences, Management, Engineering, etc.
  • Well-equipped campus facilities including hostels, cafeterias, and laboratories
  • State-of-the-art ICT and library resources to support learning
  • Regular internship programs and workshops on campus

 

#9 – Nile University, Abuja

Established in 2005 and located in the Federal Capital Territory of Abuja, Nile University is one of the finest private institutions in Nigeria. Despite its relatively smaller size, Nile University charges up to ₦4.8 million per year making it very costly. Important aspects of Nile University:

  • Accredited degrees in Business, Engineering and Sciences
  • Emphasis on research and innovation through well-equipped labs
  • Strong faculty with local and international experience
  • State-of-the-art campus and competitive merit-based scholarships
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#10 – Lead City University, Ibadan

Founded in 2005 by Dr. David Oyedepo, Lead City University (LCU) is a privately owned university located in Ibadan, Oyo State. Despite being relatively new, LCU sits in the top 10 most expensive private universities in Nigeria with tuition ranging from ₦350,000 to ₦1 million per year. Notable facts about LCU include:

  • Accredited programs in various fields including Sciences

 

FAQs:

What courses are offered at these universities?

The top private universities in Nigeria offer internationally accredited courses across various fields like Engineering, Medicine, Law, Sciences, Management, Arts and Humanities, Information Technology, and more. Some top courses include Computer Science, Petroleum Engineering, Biochemistry, Accounting, Business Administration, Mass Communication, Political Science, etc.

What is the admission requirements and process?

Admission into these top universities is very competitive due to their high reputation and costs. Generally, candidates need excellent JUPEB/A’Level/WAEC/NECO scores, high JAMB scores, recommendation letters, admission interviews/exams, and more. Merit is a top criterion for admission over other factors like catchment location.

How can I afford tuition fees?

Some options to finance an expensive private university education include educational loans, scholarships, tuition reimbursement or assistantship programs, grants, sponsorships from family/community, and part-time jobs. Many universities also offer merits and needs-based scholarships/bursaries to deserving candidates.

Do these universities offer accommodation?

Yes, all the top private universities in Nigeria provide on-campus accommodation facilities like modern hostels and halls of residence for students. Hostel allotment is usually based on availability and a lottery system. Some even offer specialized postgraduate accommodation.

Which university is considered the best overall?

While rankings may vary, Covenant University and the University of Lagos are generally considered the top two private universities in Nigeria overall based on factors like infrastructure, teaching quality, research, employability, international recognition, and alumni success. However, the best university also depends on individual priorities and course of study.

 

Conclusion:

In conclusion, obtaining a degree from any of these top 10 most expensive private universities in Nigeria is a valuable investment due to its superb learning resources, world-class facilities, local industry connections, and international reputation. While the costs are steep, many students find that the long-term career outcomes and prestige make it worthwhile.

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