Here is a list of the top 5 Cheapest Private Universities in Nigeria 2024. After this article, you will be able to make a choice for for yourself on which school to join.

Affordable universities in Nigeria cater to students who seek quality education at an affordable cost. These universities provide a range of academic programs for undergraduate to postgraduate degrees, with the aim of improving education accessibility for the larger population.

Students can access world-class academic experiences, extensive research programs, and access to modern facilities without breaking the bank.

Many affordable universities in Nigeria have adopted innovative measures such as distance learning, online classes, and flexible payment plans, making education more accessible to individuals who would have otherwise been unable to access higher education.

In this article, we will discuss some of the key aspects of affordable universities in Nigeria and why they represent an excellent opportunity for students who aspire to acquire high-quality education and skills without paying exorbitant amounts of money.


Factors to consider when choosing a cheap university 

Here are some of the factors to consider when choosing a cheap university.

  1. Tuition fees: One of the main factors to consider when choosing a cheap university is the cost of tuition fees. It is important to compare the fees of different universities to find a more affordable option.
  2. Financial aid and scholarships: Check the availability and accessibility of financial aid and scholarships offered by the university. This can greatly reduce the financial burden of attending college.
  3. Location: A cheap university may not necessarily be located in an expensive city or area. Consider the cost of living in the location where the university is based to ensure it aligns with your budget.
  4. Accreditation: Verify that the university is accredited and recognized by education boards or accrediting agencies. This ensures the quality and value of the education you will receive.
  5. Programs and courses offered: Research the programs and courses offered by the university to assess if they align with your academic and career goals. The curriculum, faculty, and resources available should be considered.
  6. Student-faculty ratio: A low student-faculty ratio can imply better support and personalized attention from professors. Ensure the university has a reasonable student-faculty ratio for enhanced learning opportunities.
  7. Graduation and employment rates: Investigate the university’s graduation rate and the percentage of students who find employment within a certain period after graduation. This indicates the university’s ability to provide a quality education that translates into practical skills and job opportunities.
  8. Reputation and alumni network: Consider the reputation of the university and the strength of its alumni network. A university with a strong reputation and alumni network may offer better networking and career opportunities.
  9. Facilities and resources: Assess the facilities and resources provided by the university, such as libraries, laboratories, computer centers, and other learning facilities. These can greatly contribute to a good learning environment.
  10. Student support services: Consider the availability of student support services such as counseling, career services, academic advising, and extracurricular activities. These services can enhance the overall college experience and contribute to personal growth and development.


Top 5 Cheapest Private Universities in Nigeria 

Here are the top 5 most affordable private universities in Nigeria:

  1. Fountain University: Located in Osogbo, Fountain University is known for offering quality education at an affordable cost. The tuition fee ranges from ₦341,750 to ₦451,900 per session for various programs.
  2. Ajayi Crowther University: Located in Oyo State, Ajayi Crowther University is one of the private universities in Nigeria that offers good education at an affordable price. The tuition fee ranges from ₦500,000 to ₦750,000 per session for various programs.
  3. Lead City University: Located in Oyo State, Lead City University is another affordable private university in Nigeria that offers quality education. The tuition fee ranges from ₦150,000 to ₦550,000 per session, depending on the program.
  4. Covenant University: Located in Ogun State, Covenant University is known for its quality education and strict rules and regulations. However, it also offers scholarships and financial aid to students who cannot afford the tuition fee. The tuition fee ranges from ₦774,500 to ₦814,000 per session for various programs.
  5. Bingham University: Located in Abuja, Bingham University is a Christian-based university that offers quality education at an affordable cost. The tuition fee ranges from ₦500,000 to ₦700,000 per session for various programs.


Comparison of tuition fees and other expenses in the cheapest private universities.

Private universities’ tuition fees and other expenses vary considerably, depending on several factors, including the institution’s location, size, and academic reputation. Here is a general comparison of the tuition fees and other expenses in the cheapest private universities:

  • Tuition fees: The tuition fees in private universities can range from a few thousand dollars per year to over $50,000 per year. The cheapest private universities’ tuition fees are typically lower than their public counterparts’ tuition fees, but they are still higher than community college’s fees. A private institution’s fees cover the cost of learning materials, access to library resources, and other academic support services.
  • Room and board: The cost of room and board can also vary widely in private universities. Some institutions offer on-campus housing, while others require students to find their own accommodation. The cost of room and board includes meals and housing expenses.
  • Books and supplies: The cost of textbooks and other learning materials varies depending on the course of study. Students should factor in these costs when budgeting for their education.
  • Other expenses: Other expenses to consider include transportation, health insurance, and personal expenses.

Overall, private universities’ tuition fees and other expenses can be more expensive than public universities. However, some private universities offer financial aid, scholarships, and other forms of assistance to help students offset their costs. Prospective students should research individual institutions’ fees before making a decision on where to attend.

Admission requirements for affordable private universities in Nigeria 

Admission requirements for affordable private universities in Nigeria vary from institution to institution, but generally include the following:

  • O’level Result: Candidates must have a minimum of five credits obtained in not more than two sittings in relevant subjects including English Language and Mathematics.
  • UTME score: Candidates are required to sit for the Unified Tertiary Matriculation Examination (UTME) conducted by the Joint Admissions and Matriculation Board (JAMB), and attain the minimum required mark for their desired course.
  • Post UTME Screening: Candidates are required to undergo a screening exercise as part of the admission process.
  • Age limit: Candidates must meet the minimum age requirement set by the university.
  • Academic qualification: Candidates must possess the relevant academic qualification for the course they intend to study.
  • Character and fitness: Candidates must have a good character and be physically and mentally fit.
  • Reference letters: Applicants may be required to produce reference letters from a recognized institution or individuals that know them personally or professionally.
  • Application fee: Candidates are required to pay a non-refundable application fee.
  • Available scholarship opportunities and financial aid in the cheapest private universities 

Benefits of attending a cheap private university in Nigeria

Here are some of the advantages of attending a cheap university. 

  •  Affordable Cost: A cheap private university in Nigeria offers students an opportunity to obtain a university degree at an affordable cost. Students who may not be able to afford the high tuition and fees charged by other universities can attend these institutions to obtain quality education.
  • High-Quality Education: Cheap private universities offer students high-quality education that is comparable to what is obtainable in other universities. These universities employ qualified lecturers who are passionate about imparting knowledge to their students.
  • Access to Modern Facilities: Even though cheap private universities may not have all the modern facilities that other universities have, they still have adequate facilities to facilitate learning. Students can access libraries, laboratories, and other learning resources to enhance their academic performance.
  • Smaller Class Sizes: Cheap private universities have smaller class sizes which mean that students get more personalized attention from their lecturers. This creates a more interactive learning environment which encourages student participation.
  • Flexibility: Cheap private universities offer students more flexibility in terms of their academic program. They offer part-time and distance-learning programs which are suitable for students who are unable to attend full-time programs.


In summary, attending a cheap private university in Nigeria offers several benefits to students including affordability, high-quality education, access to modern facilities, smaller class sizes, and flexibility.


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