Do you want to study economics in Nigeria? If yes, then you need to read this article.
It’s a definitive guide you won’t find elsewhere.
Whether you want to gain admission via UTME or direct entry, it doesn’t matter.
You are going to see the requirements needed before you can be offered admission by any institution.
In all fields of academics, it is a common practice to begin a study with a concise description or definition of the subject matter.
Suffice it to say that it has not been particularly easy to give a strict and completely satisfactory definition of economics.
What is Economics?
Economists often do not agree about the scope of the subject because its concepts and thought processes have a wide range of applications in so many aspects of life.
Economics is a social science concerned with the way society choose to employ scarce productive resources in order to achieve certain conditions of living.
The definition touches upon several important concepts – choice, scarcity, resources, production, distribution, consumption and foreign trade – which are central to all discussions in economics.
Is Economics a Science?
A science is a body of knowledge acquired in a systematic way and which can be verified through observation and experiment.
It is an aggregate of theories in which cause and effect relationships are established under specified circumstances.
Economics, in this sense, is a science.
Although the conditions which make chemistry and physics valid can be produced through controlled laboratory experiment because the object of study is inanimate matter, this is not possible in economics.
In economics, the object of study is man, who has free will and whose pattern of behavior is not stable and cannot be absolutely controlled or predicted.
Against the backdrop of this limitation, economics is now referred to as a social science.
This is because the object of study is man and not inanimate matters.
Why Study Economics?
As a study, economics creates consciousness and establishes principles which help guide our choice when we as individuals, businesses or society must decide what to do with the limited resources at our disposal.
It enables us to recognize the need for efficient employment of resources among competing ends.
To an individual, an understanding of basic economic issues and principles, is essential to be a well-informed citizen.
Furthermore, the knowledge of economics is required to be a responsible citizen.
With the knowledge of economics, the business executives are able to interpret new and existing government policies-fiscal, monetary, exchange rate control, etc, and take effective decisions toward realizing their business goals.
The knowledge of economics enables government policy-makers to regulate and control overpopulation, general prices, general volume of trade, and general output, thereby assisting the nation and people to escape from poverty.
A trained economist will be able to indicate advantages and the disadvantages of any economic action taken by individuals, firms and the government.
Those who are motivated primarily by the desire to know how the subject is relevant to their lives, their futures, and the problems confronting the society will find it easier and more interesting than those who considered it as a mere prerequisite for obtaining a ‘meal ticket’.
Universities That Offer Economics in Nigeria
These are the best universities/polytechnics to study economics in Nigeria as at 2020.
- Federal University, Lokoja, Kogi State (FULOKOJA)
- Federal University, Kashere, Gombe State (FUKASHERE)
- Federal University, Wukari, Taraba State (FUWUKARI)
- Federal University, Dutse, Jigawa State (FUD)
- Federal University, Ndifu-Alike, Ebonyi State (FUNAI)
- Umar Musa Yar’ Adua University Katsina (UMYU)
- Ambrose Alli University, Ekpoma
- Adekunle Ajasin University, Akungba
- Ahmadu Bello University, Zaria
- Afe Babalola University, Ado-Ekiti – Ekiti State
- University of Abuja, Gwagwalada
- Achievers University, Owo
- Adamawa State University Mubi (ADSU)
- Ajayi Crowther University, Ibadan (ACU)
- Akwa Ibom State University of Technology, Uyo
- Al-Hikmah University, Ilorin
- Al-Qalam University, Katsina
- Anchor University Ayobo Lagos State
- Arthur Javis University Akpoyubo Cross river State
- Adeleke University Ede (AUE)
- Augustine University
- American University of Nigeria, Yola (AUN)
- Babcock University, Ilishan-Remo
- Bauchi State University, Gadau
- Bayero University, Kano
- Baze University
- Bells University of Technology, Otta
- ECWA Bingham University, New Karu
- Benson Idahosa University, Benin City
- Bowen University, Iwo
- Benue State University, Makurdi
- University of Calabar (UNICAL)
- Caleb University, Lagos
- Caritas University, Enugu
- Chrisland University
- Christopher University Mowe
- Clifford University Owerrinta Abia State
- Coal City University Enugu State
- Chukwuemeka Odumegwu Ojukwu University, Uli
- Covenant University Ota
- Crawford University Igbesa
- Crown Hill University Eiyenkorin, Kwara State
- Delta State University, Abraka (DELSU)
- Dominican University Ibadan Oyo State
- Ebonyi State University, Abakaliki
- Edo University Iyamo
- Edwin Clark University, Kaigbodo
- Ekiti State University
- Elizade University, Ilara-Mokin
- Eastern Palm University Ogboko Imo State
- Enugu State University of Science and Technology, Enugu (ESUT)
- Federal University, Dutsin-Ma, Katsina
- Federal University, Gusau Zamfara (FUGUS)
- Federal University, Birnin Kebbi (FUBK)
- Federal University, Lafia, Nasarawa State (FULAFIA)
- Fountain University, Oshogbo
- Godfrey Okoye University, Ugwuomu-Nike
- Gregory University, Uturu
- Gombe State University, Gombe
- Hallmark University, Ijebi Itele, Ogun
- University of Ibadan (UI)
- University of Ilorin (UNILORIN)
- Joseph Ayo Babalola University, Ikeji-Arakeji
- University of Jos (UNIJOS)
- Kaduna State University, Kaduna (KASU)
- Kola Daisi University Ibadan, Oyo State
- Kogi State University Anyigba
- Kwara State University, Ilorin (KWASU)
- University of Lagos (UNILAG)
- Landmark University, Omu-Aran
- Ibrahim Badamasi Babangida University, Lapai (IBBU)
- Lagos State University, Ojo (LASU)
- Lead City University, Ibadan
- Legacy University, Okija Anambra State
- Madonna University, Okija
- University of Maiduguri (UNIMAID)
- Micheal & Cecilia Ibru University
- Mcpherson University, Seriki Sotayo, Ajebo
- University of Mkar, Mkar
- Mountain Top University
- Nasarawa State University Keffi (NSUK)
- Nigerian Defence Academy Kaduna (NDA)
- Niger Delta University Yenagoa (NDU)
- Northwest University Kano (NWU)
- Novena University, Ogume
- Nile University of Nigeria, Abuja
- Obafemi Awolowo University, Ile-Ife (OAU)
- Obong University, Obong Ntak
- Oduduwa University, Ipetumodu – Osun State
- Olabisi Onabanjo University, Ago Iwoye
- Pan-Atlantic University, Lagos
- Paul University, Awka – Anambra State
- University of Port-Harcourt (UNIPORT)
- Nigeria Police Academy Wudil
- Redeemer’s University, Mowe
- Renaissance University, Enugu
- Rhema University, Obeama-Asa – Rivers State
- Ritman University, Ikot Ekpene Akwa Ibom
- Salem University, Lokoja
- Samuel Adegboyega University, Ogwa
- Sokoto State University,
- Southwestern University
- Oku Owa, Summit University
- Tansian University, Umunya
- Tai Solarin University of Education Ijebu Ode (TASUED)
- Taraba State University, Jalingo (TSUJ)
- Usumanu Danfodiyo University (UDUSOK)
- Umar Musa Yar’ Adua University Katsina (UMYU)
- Hezekiah University, Umudi
- Kings University, Ode Omu (UNIKINGS)
- Osun State University Osogbo (UNIOSUN)
- Nnamdi Azikiwe University, Awka (UNIZIK)
- University of Nigeria, Nsukka (UNN)
- University of Uyo
- Veritas University, Abuja
- Wellspring University, Evbuobanosa – Edo State
- Western Delta University, Oghara Delta State
- Wesley University of Science & Technology, Ondo
- Yobe State University, Damaturu
Direct Entry Requirements For Economics
Two ‘A’ level passes in Economics and any one of Mathematics, Statistics, Geography, Physics, Chemistry, Agricultural Science, Accounting, Business Management, History and Government.
Economics O’ Level Requirements
Five SSCE credit passes in English Language, Mathematics, Economics and any two of Arts or Social Science subjects.
Jamb Subject Combination For Economics
Economics, Mathematics and any of Government, History, Geography, Lit-in-English, French and CRK/IRK.
Special Consideration For Admission To Study Economics
(i) AUN does not offer admissions direct to 200 level programs.
(ii) AUN accepts:
(a) ‘A’ level passes chosen from: English Language, Mathematics, Economics, Geography, Government, History, Literature in English, Further Mathematics, Technical Drawing, Visual Arts, Computer Studies, Information Technology, Civics, Environmental Science, Biology, Physics, Chemistry and French.
(c) ICGSE and ‘A’ level Cambridge
(iii) AUN does not accept credit passes in the following; Agriculture, Food and Nutrition, Home Economics, Home Craft, Home management, Physical Education, Physical and Health Education, Music, Commerce, Accounting, Financial Accounting, Book keeping, Islamic History, Religious Studies, Tajweed, Library Studies, Diction, Kiswahili, Igbo, Hausa, Yoruba, Arabic, Turkish, Study skills and may transfer credits relevant to it’s major at the discretion of the Dean of school.
(iv) ABSU requires five SSCE credit passes in English Language, Mathematics, Economics and any two subjects
(v) MCPHERSON and PLSU – Same as in Accountancy.
Job Opportunities For Economics Graduate in Nigeria
Career opportunities for those people who are trained in economics abound in:
1. Government – State and Federal ministries and parastatals as top administrators involved in policy analysis.
2. Business – for general purpose jobs.
3. Academics – as college & university tutors to impart economic knowledge; etc.
How Many Years Does Economics Take in Nigeria
The degree is only for four years if you gained admission through UTME or jamb.
However, if you gained your admission via jamb direct entry, then it will be three years for you.
You are going to do 100, 200, 300 & 400 level.
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