10 best schools for MBA in Nigeria

To pave a clear path to the top in the business world, getting an MBA is a prerequisite. Getting an MBA will enable you to gain the theoretical and practical knowledge you will need to effectively manage businesses and make investments. An MBA is ideal for anyone that wants to gain business skills and reach new heights in their career in the business world. 

MBA stands for Master of Business Administration. It is a postgraduate degree offered by universities around the world. An MBA degree teaches you how to develop the skills required to excel as a business executive, command respect in a leadership role, and motivate people in a team setting. It essentially teaches you how to hold a leadership role in a business firm, and all you need to know to manage your own business. 

While an MBA might not be a golden ticket to great success in your career, it will still give you the skills you need to become an expert in the field and open up countless opportunities to further your career. Success will not find you only because you have an MBA degree, you will need to work hard and practice the skills you learnt to make it to the height of your career. 

If you’ve made up your mind about attending a business school, the dilemma now stands in choosing the best business school to attend. You might think that you can only get a good education abroad, but that is wrong. If you have the budget, then it’s best you go abroad, but if not, there are over 20 accredited business schools in Nigeria that you can get your MBA. In this article, I will outline the top 10, their locations and their tuition fees. 

To attend a business school in Nigeria, there are some basic requirements that you have to fulfil. Without these, admission into an MBA program is impossible. The admission requirements to study MBA in Nigeria include:

  1. A bachelor’s degree in a related field from a recognized university.
  2. WAEC or NECO results with at least 5 credits. 
  3. Transcripts from all previous educational institutes (including secondary and tertiary education).

The above are the general requirements for MBA in Nigeria. However, some schools may demand additional qualifications like work experience, second-class or higher university degrees, or having certain professional qualifications like ACA, ACIA, ACIS or ACIB. 

Top 10 business schools for MBA in Nigeria

Below are the top 10 business schools for MBA in Nigeria:

1. The Executive Business School (EBS)

The Executive Business School (EBS) is located in Ikeja, Lagos. The EBS is a privately owned institution that was incorporated in 2006 and began its operations in 2007. It offers both undergraduate and postgraduate courses in business administration.

The school has quite a number of affiliations with notable schools in the United Kingdom and many other parts of Europe. 

2. The Lagos Business School (LBS)

The Lagos Business School is located in Lekki, Lagos and was founded in 1991. It is the graduate business school of Pan-Atlantic University owned by the Pan-Atlantic University Foundation (PAUF).

The school offers programs such as full-time MBA Programs, Executive MBA programs and Doctoral programs in Management. It also offers an online business program.  

The tuition fee for LBS is a bit on the high side. Students are required to pay a sum of 4,200,000 naira per annum in addition to other fees like entrance exam fees, EST fees and application fees. 

3. The West Africa Business School (WABS)

The West African Business School is a leading business school in the whole of Africa. It has branches in Ghana, Gambia and Nigeria, with its Nigerian headquarters located in Ikeja, Lagos state. It is a privately owned regional training institute that was registered in Nigeria in 2002. The aim of the WABS is to grow intellectuals in Africa and ECOWAS in particular. 

Unlike traditional business schools, the WABS does not offer graduate degrees, rather, they offer corporate training through executive open enrollment and in-house programs for companies. They also offer online programs, as well as entrepreneurship development centres that target primary and secondary school students and unemployed graduates.

The WABS is highly cost-effective in terms of tuition. While most business schools in Nigeria charge millions per year, WABS charges less than a hundred thousand. 

4. The African Business School (ABS)

The African Business School is one of the best business schools in Nigeria, and the whole of Africa. The school is affiliated with schools like Magner Carter College, UK; the Graduate Management School, Cameroun; Babcock University, Nigeria; as well as many other top schools. ABS was founded in 2000 and is located in Abuja. This school is regarded as the second-best business school in Nigeria after the Lagos Business School. 

The ABS does not advertise their tuition fees online, but you can always email them to inquire about their fees. 

5. The GPE Business School

The GPE Business School is located in Enugu state and is the first business school located in the South-Eastern part of the country.

The school is a non-profit organization that offers free education and training to the most intellectual individuals.

6. The Metropolitan School of Business Management

This Lagos-based business school is an affiliate of the Metropolitan School of Business Management in the United Kingdom. It offers both online and on-campus programs to its students. This business school awards you a foreign degree without you having to step your foot out of the country.

In terms of tuition fees, this business school is on the high side. They charge over N8,000,000 per annum. 

7. The International School of Management (ISM)

The ISM is located in Lagos and offers undergraduate, postgraduate and online programs. The school offers quality education and has partnered and formed academic allegiance with top universities globally, with a focus on Europe and America.

Their faculty comprises a mix of local and foreign tutors, offering a unique study experience for students. 

The tuition fees at the ISM are quite affordable. Expect to pay N80,000 and above per annum. 

8. University of Lagos

UNILAG offers one of the best education in Nigeria for both undergraduates and postgraduates. In terms of quality of education, its MBA program is top-notch in Nigeria.

The tuition fee is also very affordable, with tuition fees starting from N75,000 per year. 

9. Delta School Of Business and Technology

Delta State houses one of the best business schools in Nigeria. The Delta School of Business and Technology is located in Warri, Delta State.

The tuition fees for this institution are not available online. You can reach out directly to the school to inquire about their fees. 

10. Fate Foundation

The Fate Foundation is located in Lagos state and was founded in the year 2000. The Fate Foundation offers various programs, including MBA to help business owners scale their businesses.

The MBA program the school offers is top-notch and one of the best in Nigeria. Tuition fees for the Fate Foundation MBA program are quite affordable, at around N400,000 per annum. 


It is not a myth that you can attain high-quality education in Nigeria, and the above business schools are a testament to that. These schools offer students in-depth learning to students in both theoretical and practical aspects of business. 

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Habibat Musa

Habibat Musa

Habibat Musa is a content writer with MakeMoney.ng. She writes predominantly on topics related to education, career and business. She is an English language major with keen interest in career growth and development.

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