Accounting is a crucial aspect of any business, organization, or government. It involves the recording, analyzing, and interpretation of financial transactions and information to support decision-making processes. In Nigeria, the demand for accounting professionals is on the rise due to the country’s increasing business activities and government policies. As a result, many universities in Nigeria have developed accounting programs to meet the growing demand for skilled professionals in the field.
A degree in accounting provides students with the necessary knowledge and skills to work in various accounting-related roles, including auditing, taxation, financial analysis, and management accounting. Additionally, the program equips students with critical thinking, analytical, and communication skills, making them valuable assets in any organization. Accounting graduates in Nigeria are in high demand, with opportunities in both the public and private sectors, including banking, finance, and accounting firms.
Provided in this article are list of universities offering Accounting in Nigeria both federal, state and private. We will include details on the length of the programs, eligibility requirements, available courses, and a whole lot more. For students who are interested in pursuing an accounting career in Nigeria, this list will be a great resource. It will also be used as a resource for firms looking to hire qualified accountants from recognized universities.
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Nigerian Federal University Offers Accounting.
In a number of Nigerian federal universities, students can study accounting. Below are a list of Nigeria’s federal colleges that provide accounting:
- Ahmadu Bello University (ABU Zaria)
- Obafemi Awolowo University (OAU)
- Usman Danfodio University (UDUS)
- Nnamdi Azikiwe University (UNIZIK)
- University of Nigeria (UNN)
- University of Uyo (UNIUYO)
- Federal University of Kashere (FED-KASHERE)
- Federal University Oye Ekiti (FED-OYE EKITI)
- Federal University Wukari (FED-DUTSINMA)
- University of Jos (UNIJOS)
- University of Port Harcourt (UNIPORT)
- University of Abuja (UNIABUJA)
- University of Maiduguri (UNIMAID)
- University of Lagos (UNILAG)
- Federal University of Lafia (FULafia)
Nigerian State University that Offers Accounting.
In a number of Nigerian state universities, students can study accounting. Nigerian state universities that provide accounting include the following:
- Adekunle Ajasin University (AAUA)
- University of Osun (UNIOSUN)
- Abia State University (ABSU)
- Bauchi State University (BASU)
- Benue State University (BSU)
- Chukwuemeka Odumegwu Ojukwu University (COOU)
- Cross River University of Technology (CRUTECH)
- Ebonyi State University (EBSU)
- Ekiti State University (EKSU)
- Imo State University (IMSU)
- Lagos State University (LASU)
- Plateau State University (PLASU)
- Rivers State University (RSU)
Nigerian Private Universities that Offer Accounting
Accounting is a course of study that is offered in a number of private universities in Nigeria. Following are the list of the private universities in Nigeria that provide accounting:
- Caritas University (CARITAS)
- Western Delta University (WESTERN-DEL)
- Wellspring University (WELLSPRING)
- Nile University of Nigeria (NILE)
- Igbinedion University (IGBINEDION)
- Evangel University
- America University of Nigeria (AUN)
- Kwararafa University (KWARARAFA)
- Madonna University
- McPherson UniversityELIZADE
- Admiralty University of Nigeria (ADUN)
- Samuel Adegboyaga University (SAU)
- Eastern Palm University (EPU)
- University of Mkar
- Lead City University
List of Accounting courses in Nigeria
Here are some accounting courses that are commonly offered in Nigeria:
- Financial Accounting
- Cost Accounting
- Management Accounting
- Auditing and Assurance Services
- Accounting Information Systems
- Corporate Finance
- Accounting Ethics and Professionalism
- Business Law
- Strategic Management Accounting
- International Accounting and Reporting
- Public Sector Accounting
- Forensic Accounting and Fraud Examination
- Financial Statement Analysis
- Investment Analysis and Portfolio Management
- Advanced Taxation
- Advanced Auditing
- Ethics, Governance, and Risk Management
- Performance Measurement and Control
- Accounting Research Methodology.
These courses are offered in universities, polytechnics, and other tertiary institutions in Nigeria that offer accounting programs. The specific courses offered may vary depending on the institution and the level of the program.
Admission requirements for accounting in Nigerian universities
To gain admission to study accounting in Nigerian universities, prospective students must meet certain admission requirements. The specific admission requirements may vary among universities, but here are the general requirements:
1. O’Level Results:
Candidates are required to have at least five credits in relevant subjects including English Language, Mathematics, and Economics at not more than two sittings in either WAEC, NECO, or GCE.
Prospective accounting students are required to sit for and obtain a minimum score in the Unified Tertiary Matriculation Examination (UTME) conducted by the Joint Admissions and Matriculation Board (JAMB). The minimum score requirement may vary depending on the university and year of admission.
Some universities may also require candidates to sit for and pass a Post-UTME screening examination to gain admission into the accounting program.
4. Direct Entry:
Candidates who possess a diploma or equivalent qualifications in relevant disciplines may be eligible to apply for direct entry admission into the accounting program. Such candidates are usually required to obtain a minimum grade point average (GPA) as well as satisfy other admission requirements specified by the university.
5. Age Requirement:
Candidates must be at least 16 years old before they can be admitted into any Nigerian university.
It is important to note that specific admission requirements may vary among universities, and candidates are advised to check the admission brochure or contact the university for specific requirements. Additionally, some universities may also require candidates to undergo an oral interview or submit recommendation letters from previous teachers or employers as part of the admission process.
Cheapest universities in Nigeria offering accounting courses
The cost of tuition and other expenses for studying accounting in Nigerian universities can vary widely depending on the institution. However, here are some of the cheapest universities in Nigeria offering accounting courses based on available data:
- Federal University of Agriculture, Abeokuta (FUNAAB)
- University of Abuja (UNIABUJA)
- Federal University, Oye-Ekiti (FUOYE)
- Olabisi Onabanjo University, Ago Iwoye (OOU)
- Umaru Musa Yar’adua University, Katsina (UMYU)
- Gombe State University, Gombe (GSU)
- Enugu State University of Science and Technology (ESUT)
- Federal University, Otuoke (FUOTUOKE)
- Taraba State University, Jalingo (TSUJ)
- Kogi State University, Anyigba (KSU)
It is important to note that while these universities may have lower tuition fees compared to other universities, other expenses such as accommodation, transportation, and textbooks should also be considered. Additionally, some of these universities may have different fee structures for indigenes and non-indigenes, so it is advisable to check with the institutions for more information.
How to choose the right university for accounting in Nigeria
Choosing the right university to study accounting in Nigeria can be a daunting task. However, here are some factors to consider when making your decision:
Ensure that the university offering accounting programs is accredited by the relevant government agencies, such as the National Universities Commission (NUC) and the Association of Chartered Certified Accountants (ACCA). Accreditation ensures that the program meets the required standards and that your degree will be recognized by potential employers.
Consider the reputation of the university and the accounting program in particular. Look at the ranking of the university and the program, as well as reviews from current and former students. You can also ask for recommendations from professionals in the accounting field.
Look into the qualifications and experience of the faculty members in the accounting department. The faculty members should be knowledgeable in the field and should have practical experience in the industry.
Consider the quality of the facilities available in the university, such as the library, computer labs, lecture halls, and accounting-specific facilities like financial analysis software and accounting laboratories.
Consider the location of the university, its proximity to potential employers, and the cost of living in the area.
6. Program Curriculum:
Look into the curriculum of the accounting program and ensure that it covers the necessary accounting concepts and skills that are relevant in the industry. You can also consider programs that offer internships, study abroad opportunities, or industry-specific certifications.
Consider the cost of tuition and other expenses, such as accommodation and transportation. Look into the available financial aid and scholarship opportunities to help reduce the financial burden.
By considering these factors, you will be able to choose the right university for your accounting education in Nigeria.
What is the cut off mark for accounting?
The cut off mark for accounting in Nigerian universities varies depending on the institution and the level of study. However, the Joint Admissions and Matriculation Board (JAMB), which conducts the Unified Tertiary Matriculation Examination (UTME), has set the minimum cut off mark for admission into universities in Nigeria at 180 for the 2023/2024 academic session.
It is important to note that each university may have its own specific cut off mark for accounting, which may be higher than the JAMB minimum cut off mark. Also, some universities may use a point system for admission which takes into consideration factors such as O’Level grades, UTME scores, and Post-UTME performance.
Therefore, prospective students who wish to study accounting in Nigerian universities should check with the institutions they are interested in for their specific admission requirements and cut off marks.
How many years does it take to study accounting in Nigeria?
In Nigeria, the duration of a degree program in accounting typically depends on the level of study, as well as the mode of study (full-time or part-time).
For the Bachelor of Science (BSc) degree in accounting, it usually takes 4 years of full-time study to complete the program in Nigerian universities. Some universities may offer the option of a 5-year program which includes a compulsory one-year industrial training or internship program.
For the Master of Science (MSc) degree in accounting, it typically takes 2 years of full-time study to complete the program in Nigerian universities.
For the Doctor of Philosophy (PhD) degree in accounting, it usually takes between 3 to 5 years of full-time study to complete the program in Nigerian universities.
It is important to note that the duration of these programs may vary depending on the institution and the mode of study. Additionally, some universities may offer part-time or distance learning options for these programs, which may take longer to complete.
How much an accountant is been paid in Nigeria?
The salary of an accountant in Nigeria varies depending on various factors such as years of experience, level of education, industry, and company size. The average salary of an accountant in Nigeria is about ₦150,000 to ₦250,000 per month, but this can vary widely based on the factors mentioned above.
Accountants in entry-level positions may earn lower salaries, typically around ₦50,000 to ₦100,000 per month. With experience and additional qualifications such as ICAN (Institute of Chartered Accountants of Nigeria), ACCA (Association of Chartered Certified Accountants) or CFA (Chartered Financial Analyst), the salary can increase to between ₦500,000 to ₦1,000,000 per month or even more for those in senior positions.
It is important to note that these figures are estimates and can vary based on location, employer, and other factors.
List of all Nigerian universities offering accounting
Here is a comprehensive list of universities in Nigeria that offer accounting as a degree program:
- Adekunle Ajasin University, Akungba
- Abia State University, Uturu
- Ahmadu Bello University, Zaria
- University of Abuja, Gwagwalada
- Chukwuemeka Odumegwu Ojukwu University, Uli
- The American University of Nigeria, Yola (AUN)
- Bauchi State University, Gadau
- Benue State University, Makurdi
- Caritas University, Enugu
- Cross River State University of Science & Technology, Calabar (CRUTECH)
- Ebonyi State University, Abakaliki
- Ekiti State University
- Elizade University, Ilara-Mokin
- Eastern Palm University Ogboko, Imo State
- Evangel University, Akaeze
- Federal University, Dutsin-Ma, Katsina (FUDUSOK)
- Federal University, Kashere, Gombe State (FUKASHERE)
- Federal University, Wukari, Taraba State (FUWUKARI)
- Igbinedion University Okada
- Imo State University, Owerri (IMSU)
- Kwararafa University, Wukari
- University of Jos (UNIJOS)
- University of Lagos (UNILAG)
- Lagos State University, Ojo (LASU)
- Lead City University, Ibadan
- Madonna University, Okija
- University of Maiduguri (UNIMAID)
- Mcpherson University, Seriki Sotayo, Ajebo
- University of Mkar, Mkar
- Nasarawa State University Keffi (NSUK)
- Obafemi Awolowo University, Ile-Ife (OAU)
- University of Port-Harcourt (UNIPORT)
- Plateau State University Bokkos (PLASU)
- River State University of Science and Technology (RSUST)
- Usumanu Danfodiyo University (UDUSOK)
- Osun State University Osogbo (UNIOSUN)
- Nnamdi Azikiwe University, Awka (UNIZIK)
- University of Nigeria, Nsukka (UNN)
- University of Uyo
- Wellspring University, Evbuobanosa – Edo State
Respective courses related to Accounting
Below are some of the courses related to accounting:
- Business Administration
- Actuarial Science
- Banking and Finance
- Secretarial Administration.
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