Top 10 Cheapest Private Universities in Nigeria and Their Fees (2024/2025 Update)

If you are a secondary school graduate who seeks to further your tertiary education in a privately owned institution, this article offers a list of the top ten best and cheapest private universities in Nigeria, including their school fees, to help you make the best choice of the university that suits your financial budget.

We all know that privately owned schools are more expensive than federal schools, which makes it a school for the rich and those financially buoyant. However, there are still affordable private universities in Nigeria. 

Cheapest Private Universities in Nigeria

Read Also: Top 10 Best Universities in Nigeria (2024/2025 Update)

What are the Benefits of Private University?

Enrolling on a private institution has numerous advantages, and below are a few benefits of private schools you should know.

1. Quality Education: All private schools offer good education and have the best teaching curriculum because they always want their institutions to be among the best, and since it’s a private institutions, more care is given to all operations in the school.

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2. Good Management: There is a high level of discipline and quality management in all private institutions, as the owner wouldn’t want to lose or ruin the name of his/her institution.

3. Discipline: There is always a high level of discipline and rules/regulations guiding every private institution, to ensure orderliness.

4. Conducive Classrooms: There’s no doubt that most private schools offer good learning facilities and classrooms, with a good teacher-to-student ratio.

5. Standard Learning Facilities: Private Schools have the best learning facilities like fully equipped laboratories, exercise grounds/facilities, and others, to help make learning fun and help students learn better/faster.

Read Also: Top 10 Best NYSC Orientation Camps in Nigeria, and their Addresses 

What are the Cheapest Private Universities in Nigeria?

Although the tuition fees of all private universities are high, below are some less expensive and affordable private schools in Nigeria with their school fees, for those on a low budget. 

Note: The school fees of all listed private universities vary according to the course of study, so we added their fees on a ranging scale of minimum to maximum.

We also added each university to their direct website portal, so you can easily visit for more inquiries and admission requirements as well.

1. Paul University

School Fees: ₦190,000 – ₦240,000

Location: Awka, Anambra State

Affiliated to the popular Anglican Church, Paul University is one of the cheapest universities in Nigeria, having some of the best learning facilities, and a conducive environment for better education.

Located in Anambra State, Nigeria this institution offers loans and scholarship opportunities to certain students, to help promote education in the cities and help build willing young Nigerians.

Visit School Website

2. Caritas University

School Fees: ₦220,000 – ₦390,000

Location: Enugu State

If you are seeking a disciplined school around the Eastern part of Nigeria, you should opt for Caritas University, located in Enugu State, having the best facilities and is also very affordable for normal citizens.

Offering accredited courses in sociology, mathematics, microbiology, psychology, and others, makes it one of the best privately owned institutions in Nigeria.

Visit School Website 

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3. Oduduwa University Ipetumodu (OUI)

School Fees: ₦100,000 – ₦180,000 

Location: Osun State

Another affordable private university in Nigeria is the Oduduwa University Ipetumodu also acknowledged as OUI, located around Ipetumodu, in  Osun State, having the best teaching curriculums to help students achieve the best education.

Established in 2009, this private school offers undergraduate and postgraduate programs in various learning fields like Engineering, Business Administration, and Law with the perfect facilities for study.

Visit School Website 

4. Ajayi Crowther University

School Fees: ₦320,000 – ₦1,615,000

Location: Oyo State

Another well-performing private university in Nigeria that has an affordable tuition fee is Ajayi Crowther University, offering the best teaching curriculums at a low fee, and students can also pay in instalments.

You may also love to know that this school’s acceptance rate is less competitive, and they accept international students as well.

Visit School Website 

5.  Alhikmah University

School Fees: ₦110,000 – ₦500,000

Location: Ilorin, Kwara State

Established in 2005, Al-Hikmah University, a Muslim University located in Kwara State also got a spot among the affordable private universities in Nigeria, also among the best schools to learn the best in any field of study.

This school has a good acceptance rate that welcomes over 7000 students, and due to their good management and academic performances, their growth keeps expanding around the country.

Visit School Website 

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6. Rhema University

School Fees: ₦440,000 – ₦470,000

Location: Abia State 

Rhema University is another cheap private university in Nigeria, also having a good acceptance rate with well-built/conducive classrooms and highly qualified teachers for better education.

Although the school fees in this school vary according to the course of study, they are mostly affordable and can be afforded by average Nigerians.

Visit School Website 

7. Veritas University 

School Fees: ₦190,000 – ₦250,000

Location: Abuja

Veritas University is one of the most affordable Universities in Abuja, having the qualities of the best schools to apply to. This school offers financial assistance to admitted students who are in need.

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Another good part of this school is, that their school fees can be paid in instalments, and you continue studying without embarrassment until you finish your payments, so it’s worth giving a try.

Visit School Website 

8. Adeleke University 

School Fees: ₦350,000 – ₦2,120,070

Location: Ede, Osun State

A Seventh-day Adventist faith-based institution, Adeleke University, is another affordable private university in Nigeria, known to have a high level of discipline and follows the philosophy of education of the Seventh-day Adventist Church.

This school located in Osun State, aims at perfecting students through quality education and they also emphasize the development of good entrepreneurial skills among their admitted students.

Visit School Website 

9. South Western University 

School Fees: ₦190,000 – ₦350,000

Location: Lagos State 

Another affordable private university in Nigeria is the South Western University, offering a range of good courses like mass communication, banking, finance and international relations.

This school also allows its admitted students to pay in instalments, and they also have the best learning facilities which got them recognized among the best private schools in Nigeria. 

Visit School Website 

10. Lead City University

School Fees: Ibadan, Oyo State

Location: ₦435,000 – ₦480,000

Lead City located in Oyo State, also got a spot among the cheapest universities in Nigeria, as their tuition fee has a minimum of four hundred thousand naira to almost five hundred thousand naira per academic section.

This school has high discipline and also has the best learning facilities to help build the best students in society. You can visit the school in person if you stay in Ibadan and check out how adorable their learning environment is.

Visit School Website 

Cheapest Private Universities in Nigeria

Read Also: Top Best Secondary Schools in Nigeria and Locations 

Frequently Asked Questions on Cheapest Private Universities 

Which Private University has the Lowest Fees in Nigeria?

Paul University has the lowest fee among other private universities in Nigeria. Its tuition fee ranges from ₦190,000 – ₦240,000 per academic section.

Which is the Cheapest Private University in Oyo?

Ajayi Crowther University, having a tuition fee that ranges from ₦320,000 and above is among the lowest fee private schools you can apply for.

What is the Best Private University in Nigeria?

Caleb University, located in Imota, Lagos State, is the best private university in Nigeria, having an outstanding academic performance over the years.

Which Private University Has the Highest School Fees in Nigeria?

Wigwe University located in Isiokpo, Rivers State is the most expensive private university in Nigeria, with a tuition fee of N12m, which includes both the student’s accommodation fees.

Read Also: Top 10 Best Universities in Zambia 2024/2025 Update

Conclusion 

Paul University, Caritas University, and Oduduwa University Ipetumodu (OUI), are the most affordable Universities in Nigeria offering quality education with a good acceptance rate. 

You can visit those schools in person if you reside around those areas, and behold the beauty of those institutions, including their conducive learning environments and standard facilities.

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