What is Economics?
Economics is the study of how individuals, businesses, and governments allocate scarce resources to meet needs and wants. It examines decision-making processes, market trends, and factors influencing production and consumption. The course covers key areas such as:
- Microeconomics (individual and business decisions)
- Macroeconomics (national and global economies)
- Econometrics (statistical analysis in economics)
- Development Economics (economic growth strategies)
Economics equips students with analytical and problem-solving skills, making it valuable in finance, business, policy-making, and research. If you’re considering this course, check the JAMB subject combination for Economics to prepare for admission.
Why Study Economics in Nigeria?
Studying Economics in Nigeria offers several benefits:
- High Demand for Economists – Nigeria’s growing economy needs skilled professionals in banking, policy-making, and development.
- Diverse Career Paths – Graduates can work in finance, government, consulting, or academia.
- Transferable Skills – Analytical thinking, data interpretation, and strategic planning apply across industries.
- Quality Education – Many Nigerian universities offer accredited Economics programs.
List of Nigerian Universities Offering Economics (2025/2026)
Here are some of the top universities in Nigeria where you can study Economics:
| University Name | Program Offered |
|---|---|
| University of Nigeria, Nsukka (UNN) | Economics |
| University of Lagos (UNILAG) | Economics |
| Obafemi Awolowo University (OAU) | Economics |
| Ahmadu Bello University (ABU) | Economics |
| University of Benin (UNIBEN) | Economics and Statistics |
| Nnamdi Azikiwe University (UNIZIK) | Co-operative Economics |
| Federal University of Technology, Akure (FUTA) | Economics |
| University of Abuja (UNIABUJA) | Economics |
| Afe Babalola University | Economics |
| Crescent University | Economics with Operation Research |
| Federal University, Oye-Ekiti (FUOYE) | Economics and Developmental Studies |
Admission Requirements for Economics in Nigeria
To study Economics in Nigeria, candidates must meet the following criteria:
1. O’Level Requirements
Five (5) credit passes in SSCE (WAEC/NECO/GCE), including:
- English Language
- Mathematics
- Economics
- Any two relevant subjects (Geography, Government, Commerce, or Accounting)
2. JAMB UTME Subject Combination
- English Language (compulsory)
- Mathematics
- Economics
- One other subject (Government, Commerce, or Geography)
3. Post-UTME Screening
- Meet the university’s cut-off mark (varies by institution).
- Pass the post-UTME screening test (if applicable).
Career Opportunities for Economics Graduates
An Economics degree opens doors to various high-paying careers, including:
- Banking & Finance – Roles in commercial banks, investment firms, and insurance companies.
- Policy Analysis & Government – Working with agencies like CBN, NBS, or the Ministry of Finance.
- Business Consulting – Advising companies on market trends and business strategies.
- Research & Academia – Teaching or conducting economic research in universities.
- Entrepreneurship – Applying economic principles to start and grow businesses.
If you plan to study Economics, ensure you meet the admission requirements, choose the right university, and prepare well for JAMB and post-UTME.
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