It is believed that Nigerian lecturers earn very poorly. While they might not be some of the highest earners in the country, what they earn is definitely not as bad as most people assume. Academic staff of most government owned universities earn according to whatever levels they are on. However, their counterparts in private universities earn quite differently. The amount academic staff are paid in private universities is dependent on what level they are and also on the financial strength of the university.
This article contains a list of the best paying universities in Nigeria and what they pay their professors.
With Bishop David Oyedepo as its chancellor, Covenant University is a private Christian university located in Ota, Ogun state. It is affiliated with living faith church aka winners chapel. This university is considered the best private university in Nigeria. To a large extent, it has managed to live up to the standard expected of it.
One reason covenant university enjoys the position and prestige it enjoys today is because of its top notch management as well as lecturers. Professors at Covenant University Ota are paid about N6, 983,568 million annually. This makes them some of the highest paid lecturers at this level
Landmark university is a sister university to covenant university, It was established on the 21st of March, 2011. It is a private Christian university owned by Bishop David Oyedepo of Winners chapel. This university is located in Omu- Aran Kwara state and is a little less expensive than Covenant University.
Landmark University as well as Covenant University expect a high level of discipline from their students
Professors at Landmark University are paid handsomely. They earn an annual salary of N7, 678,074 million
Ajayi Crowther University
Ajayi Crowther University is one of the cheapest private schools in Nigeria. It is a private Christian university located in Oyo state, Nigeria and was named after Bishop Samuel Ajayi Crowther, the Nigerian clergyman that translated the bible to Yoruba language. This university was established in 2005 by the Supra Diocesan Board (West of the Church of Nigeria, Anglican Communion).
Professors at Ajayi Crowther University earn N4, 580,349 annually. This is just like what is obtainable in most federal government universities.
Apart from the basic salary earned by these professors, the university management offers some other basic allowances.
Babcock University is one of the most expensive universities in Nigeria. It is a private Christian university and is owned by the Seventh Day Adventist Church in Nigeria. This university was named after David c. Babcock and was established in 1959. Every student of Babcock University is expected to be a vegetarian during their stay at the University.
Babcock University’s structure supports one college and nine schools. They are School of Nursing, School of Public and Applied Science, School of post Graduate Studies, School of Law and Security Studies, School of Education and Humanities, School of Computing and Engineering Sciences and the School of Basic and Applied Sciences.
Professors at Babcock University earn a yearly salary of N6, 020,163
Caleb University was founded in January, 7, 2008 by Prince Oladega Adebo. It is located in Imota, LAGOS. It is a private university. Just like the many private universities in Nigeria, Caleb University is also a faith-based university
This university started out as a primary and secondary school far back in 1986. It was converted to a university in the early 2000s.
Lecturers at Caleb University earn an annual salary of N7, 200, 000
Igbinedion University is located at Okada, Edo state, Nigeria. It is Nigeria’s first private university and was established in 1999 by Sir Gabriel Osawaru Igbinedion CFR. It is a private university that has most of its courses accredited by the National Universities Commission and Other relevant professional bodies.
Igbinedion University is one of Nigeria’s most expensive universities. It pays its professors N7, 000,000 annually.
Madonna University is a catholic private university founded by Prof EMP Ede. It is a sister university to Caritas university. It has two campuses; one in Okija, Anambra and the other in Elele, Rivers. It is one of the cheapest private universities in Nigeria.
Madonna University offers some top professional courses such as Law, management, Natural Sciences, Medicine and Pharmacy. Most courses offered by Madonna University are accredited by the NUC.
Professors at Madonna university earn an annual salary of N6 million
Caritas University is a sister university to Madonna University. It is a private catholic university located in Amorji- Nike, Enugu State. It was established in 2005 by E.M.P Ede.
Caritas University was founded to assist the middle class in getting quality education in private institutions. It has 6 faculties. They are; Education, Arts, Environmental Sciences. Management sciences, Social Sciences, Natural sciences It is one of Nigeria’s cheapest private universities and pays its professors an annual salary N6 million.
Bowen University is one of the any Nigerian private universities owned by a religious organization. It is managed by the Nigerian Baptist Convention and is located in at Iwo Osun State, Nigeria.
Bowen is not exactly one of the most expensive private universities in Nigeria, however, its lecturer are very well paid. Professors at Bowen University earn an annual salary of N6.6 million. This is in addition to other benefits that come with the post of a lecturer in Bowen University.
Adeleke University is located at Ede, Osun state. It is a private university owned by Dr. Adedeji Adeleke (Davido’s father). Adeleke University is one of arguably the cheapest private university in Nigeria.
Faculties at Adeleke University include Social Sciences, Sciences, Med/ Pharmacy/Health Sciences/ Law/Legal studies, Engineering / Tech/ Env, Arts and Humanities.
Adeleke University pays its professors an annual salary of N7.2 million.
This list contains the annual payments for university professors because the salaries paid to professors on the same level is the perfect yardstick for measuring how well universities pay their staff.