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Top Nigerian Universities for Pursuing Economics

Last Updated on November 25, 2023


Choosing the right university for pursuing economics is crucial for a successful academic and professional journey.

It determines the quality of education, opportunities, and network one acquires during the course.

Nigeria, with its growing economy, has a surging demand for professionals with an economics background.

The importance of choosing the right university for pursuing economics cannot be overstated. It lays the foundation for a student’s knowledge, skills, and perspectives in the subject.

The reputation and quality of the institution directly impact the value of the degree and future job prospects.

Nigeria’s economy has been experiencing significant growth in recent years, making it an attractive destination for economists.

The country offers a wide range of opportunities across various sectors, including finance, consulting, government, and academia.

Professionals with an economics background play a crucial role in shaping economic policies, driving investments, and analyzing market trends.

In such a dynamic and competitive environment, having a degree from a prestigious Nigerian university can give aspiring economists an edge.

These institutions provide a comprehensive curriculum, expert faculty, and exposure to real-world challenges.

They also offer internships, research opportunities, and networking events that enhance students’ practical knowledge and job readiness.

As Nigeria continues to expand its economy, the demand for skilled economists will only increase.

Choosing the right university ensures that students receive the best education and are well-equipped to contribute meaningfully to the country’s growth.

A strong economics program can open doors to fulfilling careers and empower individuals to make a positive impact on society.

Read: Nigeria’s Business Management Curriculum: An Overview

Factors to Consider When Choosing a University for Economics Studies

Choosing the right university to pursue economics studies is a crucial decision that can have a significant impact on your future career prospects.

With numerous universities in Nigeria offering economics programs, it is important to consider several factors before making your choice. Here are some key factors to consider:

Reputation and Ranking of the University

  1. Consider the reputation of the university both nationally and internationally.

  2. Look at the rankings of the university in economics and related fields.

  3. Universities with a high reputation and ranking often provide better opportunities for students.

Accreditation and Recognition

  1. Ensure that the university is accredited by the relevant educational bodies.

  2. Check if the economics program is recognized by professional organizations.

  3. An accredited and recognized program increases the value of your degree in the job market.

Faculty Expertise and Qualifications

  1. Research the qualifications and expertise of the faculty members in the economics department.

  2. Consider their educational background, research publications, and industry experience.

  3. A faculty with strong expertise and qualifications can provide quality education and mentorship.

Available Resources and Infrastructure

  1. Check the availability of resources such as libraries, research facilities, and computer labs.

  2. Consider the state of infrastructure, including classrooms, lecture halls, and student facilities.

  3. Adequate resources and infrastructure contribute to a conducive learning environment.

Alumni Success and Industry Connections

  1. Find out about the success of the university’s economics alumni in their careers.

  2. Consider if the university has strong connections with industries and employers.

  3. An extensive alumni network and industry connections can provide valuable networking opportunities.

Considering these factors can help you make an informed decision when choosing a university for economics studies.

It is important to visit campuses, attend open days, and speak to current students and alumni to gather more information.

Remember, your choice of university will play a significant role in shaping your future career, so take the time to research and make the right decision.

Read: How Business Management in Nigeria Differs from Other Nations

Top Nigerian Universities for Pursuing Economics

Top Nigerian Universities for Pursuing Economics

When it comes to pursuing economics in Nigeria, there are several top universities that offer excellent programs and opportunities for students.

In this blog section, we will explore three of the top Nigerian universities for studying economics and delve into their reputations, faculty members, specialized programs, research opportunities, and notable alumni. Let’s begin!

University of Ibadan (UI)

The University of Ibadan, commonly referred to as UI, is renowned for its strong reputation in the field of economics.

It consistently ranks among the top universities in Nigeria and Africa.

One of the key strengths of UI’s economics department is its exceptional faculty members.

The professors are highly qualified and experienced, with many of them actively contributing to valuable research in various areas of economics.

UI offers a wide range of economics-related programs and centers that cater to different areas of interest.

For example, they have a Center for Econometrics and Allied Research, which focuses on quantitative analysis in economics.

Notable alumni from UI who have excelled in the field of economics include Ngozi Okonjo-Iweala, the former Nigerian Minister of Finance and current Director-General of the World Trade Organization.

Her achievements serve as an inspiration to aspiring economists.

University of Lagos (UNILAG)

The University of Lagos, known as UNILAG, is another top Nigerian university for pursuing economics.

It has a reputation for providing a high standard of education in this field.

UNILAG’s strength in economics education lies in its dedicated faculty members who are renowned experts in their respective areas.

They impart practical knowledge and ensure students develop strong analytical skills.

One unique aspect of UNILAG’s economics program is the range of specialized courses and concentrations offered.

Students can choose to focus on areas such as Development Economics, International Trade, or Monetary Economics.

Research opportunities at UNILAG are abundant, including collaborations with industry organizations.

Students have the chance to work on real-world projects and gain valuable experience before entering the job market.

Successful economics graduates from UNILAG include Aliko Dangote, one of Africa’s wealthiest individuals and the founder of Dangote Group.

His entrepreneurial skills and contributions to the economy are widely recognized.

Obafemi Awolowo University (OAU)

Obafemi Awolowo University, commonly referred to as OAU, has a strong reputation in economics studies and is known for its rigorous academic programs.

OAU offers specialized economics programs and research centers, such as the Center for Econometric and Time Series Analysis.

These programs provide students with the opportunity to delve deeper into specific areas of interest.

In line with its commitment to international collaboration, OAU has partnerships with various renowned institutions worldwide.

These collaborations facilitate academic exchanges, research initiatives, and exposure to different economic perspectives.

OAU’s economics faculty and students have made notable achievements and contributions to the field.

Their research papers, publications, and participation in national and international conferences continue to elevate OAU’s standing in economics.

In short, the University of Ibadan, University of Lagos, and Obafemi Awolowo University are among the top Nigerian universities for pursuing economics.

These institutions provide students with excellent faculty, specialized programs, research opportunities, and a strong alumni network.

Aspiring economists can consider these universities for a quality education and a successful career in economics.

Read: Benefits of Studying Cooperative Management in Nigeria

Tips for Applying to top Nigerian Universities for pursuing Economics

When it comes to applying to top Nigerian universities for pursuing Economics, there are a few important tips to keep in mind to increase your chances of acceptance.

In this blog section, we will discuss these tips and how they can help you achieve your academic goals.

Research each university thoroughly

  1. Take the time to thoroughly research each university you are interested in.

  2. Understand their specific admission requirements and deadlines.

  3. Knowing what the university looks for in applicants can help you tailor your application accordingly.

Academic achievements and relevant experiences

  1. Showcase your academic achievements related to economics.

  2. Include any relevant coursework, projects, or research you have completed.

  3. Highlight any internships, summer programs, or job experiences that demonstrate your interest in economics.

Seek recommendation letters

  1. Reach out to educators or professionals who can speak to your potential in economics.

  2. Choose individuals who know you well and can provide specific examples of your skills and abilities.

  3. These recommendation letters can greatly enhance your application and make you stand out as a strong candidate.

Prepare a well-crafted personal statement

  1. Take the time to write a personal statement that demonstrates your passion for economics.

  2. Explain why you want to study economics and your aspirations in the field.

  3. Show how your experiences and academic background have prepared you for success in this field.

By following these tips, you can improve your chances of getting accepted into a top Nigerian university for pursuing Economics.

Remember to start the application process early, gather all required documents, and proofread your application thoroughly before submission. Good luck!

Read: Career Prospects After a Degree in Business Management in Nigeria


Choosing the right university for pursuing economics is crucial for a successful career.

It is important for readers to carefully consider the top Nigerian universities outlined in this blog post when making their decision.

However, it is also important to take into account individual preferences and goals when selecting a university for economics studies.

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