Tuition fees being paid in the country’s private universities are still relatively low, the Pro-Chancellor of Lead City University, Ibadan, Jide Owoeye, has said.

Professor Owoeye, who is also the chairman of the university’s governing council, said on Sunday that the fees being paid in private institutions were relatively low compared to their public counterparts which receive billions of naira in government subvention.

“The cost per head of a student in University of Ibadan or University of Lagos, for example, cannot be less than N700,000 when you are talking about Arts courses or Basic Social Sciences courses,” he said. “But when it comes to courses like Medicine, Engineering, government is spending nothing less than N1.5 million on each of the students, but the students do not know this because they are not paying.

Those students that attend public universities are not attending for free. Somebody is paying. It is you and I, the tax payers that are paying because that money could have been spent on something else like electricity; but it is a function of opportunity cost.”

According to him, very few private universities in Nigeria charge over one million naira in fees for certain courses.

“In our own case, the highest fee is about N500,000; we have fees as low as N100,000 in the Faculty of Arts for courses like Performing Arts as well as English and Literary Studies,” he said. “But people don’t know because they don’t come and find out in the belief that private universities must be expensive.

We really must thank JAMB Registrar, Prof. Dibu Ojerinde, who has made it possible for people to find out what is happening in private universities. We have state universities which charge higher fees than ours. But we think quality can be guaranteed if resources are well managed and if you have good enrolment.

Go to Ghana, you pay an average of 6,000 dollars as school fees. Ghana is a third world country; it is not as developed as Nigeria. The best public university in Ghana is Legon (University of Ghana, Legon), but it cannot match our own premier university, University of Ibadan. Yet people run there for reasons I cannot understand; it may be they don’t have the information they need

http://dailytimes.com.ng/professor-says-private-university-fees-are-low/

Cc Lalasticlala

I dont agree with him! most private university in nigeria are too expensive joh..

Ode ni prof yi sha

I need more explanation please

He's not serious

well, gud for him....... so nairalanders, today is my birthday and I've come to have my likes just as is the tradition......Happy birthday to me

I am not surprised cos my Father once said , If a rich man is spending lavishly in the presence of a poor man, the poor man will think the rich man is not making sense with the spending. To him the millions they pay in private universities is low but to some people the amount is crazy cos the most expensive amount I paid while in school was 35,400 in Naira

Imortal001:
I dont agree with him! private universities are too expensive..

go to private universities abroad and you will understand what expensive is...havard costs 45 million or there about

Is he not talking about those smelly universities? Barbarians who refuse to make a change for the better. The worst universities on the planet! Ptui!

He's drunk!

Hmmmm. Shey dis one dey okay sha?

Instead of making life easier.. Nonsense.

Sometimes being a professor does not equate to having common sense

Education is actually cheap in Nigeria,not only private university...maybe that's why we have a low Standard of education, and none of university could manage to be ranked among top 700 university in the world

I think what he said is true

okay.

Private universities fees are high sir

I disagree

Hmmmm. Waitin dis one day talk now?

If that is what the government spends on individual students truly without corruption and provides strike-free great education, there will not be need for private universities in the first place

2 much paraga and ale is worrying this man

by the special grace of God, I will show you people how affordable our universities are suppose to be, very soon.

see his cap

Imortal001:
I dont agree with him! private universities are too expensive..

That's not the issue.

See his ogbomosho head. Useless Ibadan goat

lollll, its low for the rich man but costly for the poor man that has been jopardized by looters called leaders.
Hw can u expect the fee to be low for political leaders that sponsor their wards abroad?