Top 10 Cheapest Private Universities In Nigeria (2023)

This article is about the top 10 cheapest private universities in Nigeria this 2023 so that you, our numerous, esteemed readers can know which of the private universities in the country are the most affordable. Just like we have brought you the most expensive universities in Nigeria which are all private schools, we also want to state that not all private tertiary institutions of learning in the country are way beyond the reach of the common man, that is why with careful research, we have compiled a comprehensive list of the cheapest private universities in the country today. Kindly read along to find out which ones make this list.

Top 10 Cheapest Private Universities In Nigeria

While it is true that the private universities featured in this list are the cheapest in the country, they are still more expensive when compared to the amounts both federal and state government owned universities pay per session. This may be so because it is not easy running a private university as the cost of operating one on a day to day basis requires adequate funding to maintain their infrastructure and keep staff members happy for a job well done in making sure that their students get the best possible educational exposure that helps them to compete favourably with their counterparts on the national, continental and even world stage.

You may have always wanted to attend a private university in Nigeria and you may have searched for the cheapest and most affordable private universities in the country where you feel that you do not need to spend way overboard to get quality education at tertiary level; if this is your dream, then look no further as we will provide you with the necessary information about these schools shortly. They are discussed below.


The following are the top 10 cheapest or most affordable private universities in Nigeria this 2023 and their school fees:


Al-Hikmah University is a private university located in Ilorin, the Kwara State capital in the South Western geopolitical zone of Nigeria. This university is the cheapest private university in Nigeria with their school fees falling in the price range between ₦103,000 – ₦600,000. It was established in 2005 by the Abdur-Raheem Oladimeji Islamic Foundation (AROIF), Nigeria. The University came into existence via the granting of license to operate as a Conventional Private University by the Federal Government of Nigeria (License No. 010) on 7th January, 2005. It commenced academic activities during the 2005/2006 academic session with 70 students spread across the three (3) take-off Colleges: Humanities, Management Sciences and Natural Sciences.

Currently, Al-Hikmah University has seven (7) Faculties namely: Humanities and Social Sciences, Management Sciences, Natural and Applied Sciences, Education, Law, Health Sciences, and Agriculture; and the Postgraduate School. It has 50 Undergraduate, 12 Diploma and 43 Postgraduate Programmes. The University also has 11 Centres, viz: Centre for Part-time and Professional Studies, Centre for Diploma and JUPEB Studies, Centre for ICT and Distance Learning, Centre for Islamic Heritage, Centre for Community Development, Centre for Research, Industrial Linkage and International Cooperation (CRIIC), Centre for Summer Studies, Centre for Entrepreneurial and Vocational Studies, Centre for Remedial and Extral-Mural Studies, Centre for Islamic Economics and Finance, and Centre for Peace and Security Studies. All their academic programmes are accredited by the National Universities Commission (NUC).

RHEMA UNIVERSITY, ABA (SCHOOL FEES: ₦152,000 – ₦464,000)

Rhema University is located in Aba, Abia State, and it is one of the youngest universities in Nigeria, having been established in the year 2019. This private university is quite affordable with a tuition fee in the price range between the sum of ₦152,000 – ₦464,000. The school is Affiliated to Living Word Ministries International and it was established as a way of contributing to the growth of education in Nigeria and other parts of the world.


Oduduwa University is yet another one of the cheapest private universities in Nigeria this 2023 with an estimated school fees between the range of ₦170,000 – ₦197,000. It is an innovative, forward-thinking university with high standards of teaching and research. Oduduwa University sits at the heart of one Osun State’s most up-coming cities, and they are are fully licensed by the National University Commission, Nigeria. The University is located at Ipetumodu, a town in Osun State, six kilometres (6km) away from Ile-Ife. It sits on a one hundred (100) hectares of land, and is already fairly developed with some infrastructure that will adequately serve for the institutions permanent site.


The Ajayi Crowther University, Oyo was established by the Supra Diocesan Board (West) of the Church of Nigeria (Anglican Communion), and it has its origins in the defunct CMS training institution, Abeokuta and the defunct St. Andrews College, Oyo. Having satisfied the rigorous criteria prescribed by the National Universities Commision (NUC) for the establishment of Universities in Nigeria, Ajayi Crowther University (ACU) was granted license to operate as a Private University in Nigeria on January 7, 2005. The University is named after the late Samuel Ajayi Crowther, the first African Bishop who first translated the bible into Yoruba. This university, which is one of the cheapest private universities in Nigeria has an estimated tuition fee in the price range between ₦162,000 – ₦782,000.


Obong University is one of the oldest private universities in Nigeria and it ranks as one of the cheapest universities in the country as well with a tuition fee around ₦180,000 – ₦200,000. This university started as African College of Management in 1997, after which it was renamed the University of Africa. Obong University as it is known today, is located in Obong Ntak, Akwa Ibom State, and it houses the faculties of Social Sciences, Management Sciences, Arts and Humanities, as well as Natural and Applied Sciences.


Lead City University is also among the leading private universities in Nigeria that are affordable. The school was founded 2005 and it is located in Ibadan, the Oyo State capital. Lead City University is accredited by the National Universities Commission, and it has so far graduated over 5,000 students. Their tuition fees is between the price range of of ₦200,000 – ₦550,000, making them one of the cheapest private universities in Nigeria today.


Adeleke University is a private faith-based learning institution located in a serene and nature friendly atmosphere of 520 acres of land in the historic town of Ede, Osun State, South-Western part of Nigeria. The University was founded in 2011 by Dr. Adedeji Adeleke, the Billionaire father of one of Nigeria’s most talented singers, Davido, through the Springtime Development Foundation (SDF), a philanthropic, non- profit making organisation established to assist indigent students to benefit from quality higher education.

As a higher institution that is based on the Seventh-day Adventist philosophy of education, Adeleke University forms part of the over 100 worldwide institutions running on this philosophy. This private university ranks as one of the most affordable in Nigeria today and their tuition fee is between ₦273,000 – ₦450,000).


Crescent University is an Islamic, non-sectarian and co-educational private institution in Nigeria located in Abeokuta, the Ogun State Capital. This school is one of the most affordable in the country and their estimated tuition fees fall between the range of ₦283,000 – ₦1 million. Standing for scholarship, service and character, Crescent is the pioneer Islamic University in Nigeria and was established in the year 2005.

With a mission to develop world-class human resources to meet global development challenges; the university offers courses in Business, Banking, Accounting, Economics and Actuarial Sciences, Mass Communication, Chemical Sciences, Biological Sciences, Political Science as well as Information and Communication Technology.


Fountain University is a private Muslim university in Nigeria that was established by the Nasrul-lahi-li Fathi Society of Nigeria (NASFAT) in the year 2007. It is located in Osogbo, the Osun State capital, and it is one of the most affordable private universities in Nigeria with tuition fees ranging between ₦300,000 – ₦350,000. The university currently has two colleges namely, the College of Natural and Applied Sciences and the College of Management and Social Sciences.


Renaissance University is located in Ugbawka, Enugu State. This private university is also one of the cheapest in Nigeria with tuition fees ranging between ₦200,000 – ₦700,000. The school was given the license to operate as a full-fledged University by the National Universities Commission (NUC) in the year 2005 but it opened its gates to the public in the year 2007 when it commenced academic activities. Renaissance University is made up of three colleges namely: Natural and Applied Sciences, Management and Social Sciences, and Law.

The Author

Maduawuchi Obialo

Maduawuchi Obialo is the founder of Nigerian Guide and the Editor-in-Chief at Nigerian Infopedia. He is a professional Web Content Developer and a Biochemist.

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