Education Costs Soar in Nigeria—But There’s Hope!
A recent Cowrywise report has sent shockwaves through Nigerian households, revealing just how expensive it has become to provide quality education for a child in the country. According to the data, it now costs a staggering ₦31.3 million (approximately $19,431) to sponsor a child from private primary school all the way through a public university. If that same child attends only private schools and a private university, the cost skyrockets to ₦65.5 million ($40,633).
For many Nigerian parents, these figures aren’t just numbers—they reflect the real, growing pressure of raising children in an economy where inflation, school fees, and cost of living are on the rise. Yet, despite the hurdles, families across the country continue to strive for the best for their children. We see you—and we salute your hustle.
Here’s a rough idea of how these costs add up:
- Private Primary Education: School fees, uniforms, books, PTA levies, and transportation.
- Private Secondary Schooling: Increased tuition, boarding costs, external exam fees (WAEC, NECO, JAMB), and tech tools.
- University Education:
- Public Universities: Even with subsidized fees, parents still cover acceptance fees, departmental dues, accommodation, and living expenses.
- Private Universities: Annual tuition alone can run into millions, with extra costs for hostels, feeding, and materials.
The reality is clear: quality education has become a long-term financial commitment—and for many, it feels out of reach without structured support.
Education remains one of the most powerful tools for upward mobility. Yet when the cost of providing it becomes a burden too heavy to bear, families are forced to make difficult choices—some even pulling children out of school or settling for substandard alternatives.
This trend not only threatens individual futures but also hinders Nigeria’s national development. If we want to build a knowledge-driven economy, then affordable and accessible education funding must become a priority.
Raising a child today is not for the faint-hearted—and doing so in Nigeria requires even more grit. But with smart planning, the right support, and partners like PressPayNg, you don’t have to do it alone.
We’re here to walk with you—from crèche to convocation—offering financial tools that empower you to give your child the best shot at success without breaking the bank.
