Guides to Studying Economics in Nigeria

Studying economics in Nigeria can yield many benefits. One advantage is that it helps us understand the world around us.
Additionally, it can help you think differently about the world than you might have done before.

When you study economics at university, you will learn to think critically and make sense of complex issues. In addition, you will develop skills that are in high demand today.

It is possible to gain strong foundations in economic theory and skills by pursuing an economics program in Nigeria; this will prepare you for a career in finance or business.

You might consider studying economics if you’re interested in working in finance or business consulting. These industries need people who have an in-depth understanding of how businesses operate and make investment decisions.

What is Economics?

Economics is the study of how people and societies choose to allocate scarce resources.

Economics is a social science that studies the production, distribution, and consumption of goods and services. It aims to understand how people behave in order to make decisions about what they produce and consume.

Is Economics a Good Course to Study in Nigeria?

Yes, Economics is considered one of the most popular courses to study in Nigerian universities.

The course is one that many Nigerians have studied, and it is easy to understand why.

The good thing about studying economics in Nigeria is that there are many opportunities for young economists due to the rapid economic growth.

It is a course that will give you the skills to understand how the 

Nigerian economy works and how it affects you as an individual.

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How to Study Economics?

The best way to study economics is to take an economics course at a university. Alternatively, you can read economics books or take online courses.

The field of economics has numerous sub-fields in which one can specialize. The most popular ones are macroeconomics and microeconomics. The former studies the economy, while the latter focuses on individual markets.

Most economics courses in Nigeria are three-year programs that lead to a bachelor’s degree. The coursework will cover micro and macroeconomic theory, statistical analysis, econometrics, and economic development. In addition to theoretical coursework, students will also have the opportunity to participate in internships or field research projects.

Benefits of Studying economics in Nigeria 

The best thing about an Economics degree is that it gives you a lot of choices. You will not have trouble finding a job, and you will earn a lot of money. Additional benefits include:

  1. You can expand your vocabulary.
  2. Economics teaches you about the economy.
  3. Economics gives you a better understanding of the market.
  4. Studying economics helps you understand the world around you.
  5. Economics teaches you about money.
  6. An economics degree will help you to work in any sector/industry.
  7. A good understanding of the economy will help you succeed in your job.
  8. You will learn how to make decisions based on economic principles

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Job Opportunities for Economics Graduates in Nigeria

  • Chartered accountant
  • Chartered certified accountant
  • Investment analyst
  • Data analyst
  • Statistician
  • Economist
  • Financial risk analyst
  • Forensic accountant
  • Federal minister
  • State commissioner
  • Stockbroker
  • Actuary
  • Quantity surveyor
  • Data scientist
  • Management consultant
  • Chartered Public finance accountant
  • Civil service
  • Teaching
  • Financial planner

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A group of graduating nigerian university students
Photo by Adedire Abiodun from Pexels

Requirements for studying Economics in Nigeria

Direct Entry Requirement:

  • Two (2) A Level passes in Economics and any one of Mathematics, Statistics, Geography, Physics, Chemistry, Agricultural Science, Accounting, Business Management, History and Government.

UTME Requirement:

  • Five (5) SSC credit passes in English Language, Mathematics, Economics and any two (2) of Arts or Social Science subjects.

JAMB Subject Combination for Economics

  • Economics, Mathematics and any of Government, History, Geography, Literature in English, French and Christian Religious Studies /Islamic Studies.

Economics degree skills

An economics degree will equip you with many skills sought after by employers, whether or not you want a finance-related career. These include: thinking logically and critically the ability to simplify complex issues and extract the relevant pieces of information data analysis written and spoken communication problem-solving using your initiative time management commercial and cultural awareness teamwork and interpersonal skills
research skills presentation skills.

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