10 Cheapest private universities in Nigeria (2024)

For one reason or another, students in Nigeria opt for private universities rather than public universities. There are many advantages to attending a Private university in Nigeria, including less competition for admission which translates to a better chance of gaining admission, a better study environment and a faster study track since you won’t have to worry about strikes or other annoying delays associated with studying in a public university. However, the high tuition fees are a deterrent to many, as most private universities charge a tuition fee of over a million.  

Private Universities in Nigeria are known to be schools for the rich, however, some private universities are affordable. The universities have more reliable and efficient academic calendars, making it easier for students to complete their programs on time and start their careers sooner.

Another benefit of schooling in a private university is that they have smaller class sizes, allowing for more individualized attention for each student. This can significantly help students by enabling them to better grasp complex concepts and engage in more thorough study.

If you want to attend a private university in Nigeria, and you’re short on funds, check out the universities below which are the cheapest in Nigeria. 

Recommended: Best private universities in Nigeria

1. Oduduwa University Ipetumodu (OUI)

Oduduwa University Ipetumodu, situated in Ipetumodu, Osun state is one of the most affordable private universities in Nigeria, providing students with affordable tuition fees and quality education, as well as various opportunities for their academic pursuits.

It serves as a testament to the notion that affordable education can be accessible without compromising excellence. This institution is named after the progenitor of the Yoruba tribe, Oduduwa. It is accredited and recognized by the National Universities Commission of Nigeria.

This institution offers financial help and scholarships to underprivileged deserving students who wish to attend this university. However, students are required to pay for books every semester and their meals. This university’s fee is between N98,000 and N350,000.

2. Alhikmah University

Al-Hikmah University is a Muslim University. It is an excellent choice for those seeking an affordable education. Situated in Ilorin, Kwara state, the institution was established in 2005 with a mere 70 students. Presently, it has a student population of over 7000, having experienced significant growth over the years.

The tuition fee at Al-hikmah University, Ilorin ranges from ₦106,500 – ₦1,362,000. The varying fees are a result of the choice of programmes, and it is also related to whether you’re a fresh student or a returning student.

3. Ajayi Crowther University

Ajayi Crowther University is a private university in Oyo State. The university offers diverse undergraduate programs and is known to be one of the best private universities in Nigeria.

This institution has flexible paying schedules, and paying in instalments is allowed. The tuition fees range from ₦315,000  to ₦1,615,000.

4. Adeleke University 

Adeleke University, situated in Ede, Osun state, is a Seventh-day Adventist faith-based institution that follows the philosophy of education of the Seventh-day Adventist Church. The university provides financial aid in the form of loans and scholarships to students who may have difficulty affording the fees.

In addition to its focus on innovative learning, the university also emphasizes the development of entrepreneurial skills among its students. The tuition fees range from ₦343,500-₦2,120,070 and it can be paid in four installments

5. Paul University

Paul University is one of the most affordable universities in Nigeria, affiliated with the Anglican Church. It is located in Awka, Anambra state. This university offers a conducive environment for learning and growing mentally and professionally.

The current tuition fees at Paul University range between ₦190,000 – ₦240,000. The university also offers loans and scholarships to underprivileged students. 

6. Veritas University 

Veritas University is located in Abuja and is one of the cheapest private universities in Nigeria. They offer financial help to students with financial needs and allow students to pay tuition in several instalments. The fees at Veritas University are between N190,000 and N245,000.

7. Caritas University

Caritas University is a private university in Enugu, Nigeria. The fees for undergraduate students at Caritas University have been approved for the 2023/2024 academic year and range from ₦220,000 to ₦390,000, depending on the program of study.

8. Joseph Ayo Babalola University

Joseph Ayo Babalola University is named after the first spiritual head of the Christ Apostolic Church, Joseph Ayo Babalola (1904–1959). All students at the university reside on campus.

The tuition fee at Joseph Ayo Babalola University ranges between ₦717,000 to ₦1,510,000. This is dependent on the choice of study program. Law, Medicine, and Medical Laboratory Science, are the most expensive courses to study in the university. 

Also read: Best Public Universities in Nigeria

9. Rhema University

Rhema University is a private university located in Abia State Nigeria. The university has programs that meet the educational needs of students. These programs are taught by Rhema University’s knowledgeable instructors who are experts in their fields.

The current school fees of Rhema University range from ₦432,000 to ₦464,000, and this is dependent on the course of study.

10. Lead City University

Lead City is located in Ibadan, Oyo state. It is one of the best accredited private universities in the state. The university demands strict adherence to its rules, ensuring a structured academic environment. 

Lead City University has great amenities like modern computer facilities and an electronic library. Their tuition fees range from ₦432,000 to ₦464,000, and this is dependent on the course of study.


Unlike popular belief, you don’t have to spend a fortune to attend a private university in Nigeria. Although the majority of private universities are expensive, there are a lot of affordable options. If you’re interested in studying in a private university in Nigeria on a budget, the 10 above are the cheapest you would find.

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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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