I find this article factual, informative and free of bias. Take a read, educate yourself.

A total of 178 out of the 5,472 students graduating from the University of Lagos (UNILAG) during the institution’s convocation ceremony holding this week are graduating with First Class degrees. Vice Chancellor of Unilag Prof. Rahman Bello disclosed this at a pre-convocation press briefing in Lagos. The convocation ceremonies are scheduled to commence tomorrow, March 1. A total of 10,907 graduating students will receive degrees, diplomas and certificates at this year’s convocation. While 5,472 of the figure will be awarded first degrees, 5435 graduating students will receive postgraduate degrees.
The high number of first class degrees with which students are graduating from Nigerian universities in recent years is raising serious concerns about the credibility of our universities’ examination processes. Besides Unilag, other universities have also awarded excessive numbers of first class degrees in recent times. They include Covenant University in Ogun state which awarded 140 graduating students with first class degrees; Babcock University also in Ogun state which awarded first class degrees to 52 students out of 1,059 graduating students; Adeleke University in Ede which awarded first class degrees to 10 per cent of its 125 pioneer graduating students; and Afe Babalola University, Ado-Ekiti which awarded first class degrees to 65 graduating students.

When the proliferation of first class degrees was first noticed at our private universities, the trend was believed to be a ‘recompense’ for the huge tuition fees charged by such institutions. However, the trend has become more disturbing now that public and first generation universities have joined the bandwagon of the first class degree rain. For instance, Ahmadu Bello University, Zaria at its 38th convocation ceremony which held recently awarded 89 graduating students with first class degrees.
Before now, first class degree from a university was a rare honour bestowed upon very deserving graduating students whose intellectual capacities are beyond reproach. There were fewer students (whose total number rarely exceeded one digit) graduating with first class degrees at a time when universities in Nigeria had well-equipped libraries and laboratories, adequate number of high quality lecturers who were committed to teaching and research, comfortable classroom and hostel accommodations, and stable academic calendar. In the past, many universities had convocation ceremonies that were without one first class degree graduate.
In those glorious days, a brilliant student who never missed his lectures and who presented his facts in tests and examinations in a particular course still ended up with a ‘C’ grade, equivalent to Second Class Lower Division. A student earned a ‘B’ grade which is equivalent to Second Class Upper Division if he or she, in addition to what a ‘C’ grade student did, further read textbooks for more facts of knowledge. An ‘A’ was an exception student who impressed and dazzled the examiner with his grasp of the subject matter.
It is thus amazing to find more students graduating in the first class division now that most Nigerian universities suffer from poorly equipped libraries and laboratories, poorly educated lecturers and very unstable academic calendars frequently disrupted by long periods of strike action by the Academic Staff Union of Universities (ASUU) and the Senior Staff Association of Nigerian Universities (SSANU). The main reason advanced by ASUU for many of its strikes was dearth of teaching and learning facilities in the universities. Employers of labour have equally complained of the relatively poor quality of graduates from Nigerian universities these days. It is therefore amazing that a rain of first class degrees should accompany this situation.
To give credibility to the degrees awarded by Nigerian universities, there is need for the institutions to strengthen examinations and results processing procedures. Like the examination questions, results for every course should be duly subjected to internal and external moderations by competent hands. Departmental and faculty examination boards as well as Senate members in universities should sincerely be seen to uphold the trust bestowed upon them by the ethical principles of their profession. We call on the National Universities Commission (NUC), which is the regulatory agency, to ensure that first class degrees awarded by universities do not contradict the realities of the human and material resources that obtain in the institutions.

http://www.dailytrust.com.ng/news/editorial/rain-of-first-class-degrees/135749.html

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Hmmmmm....brb sha

Attend Covenant High School, sorry University, one guy said you self go get am!