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Economics

Economics is a social science that focuses on the production, distribution, and consumption of goods and services. It plays a crucial role in decision-making, policy formulation, and financial management. A degree in economics opens up a variety of career opportunities in banking, government, business, and international trade.

If you’re considering a career in economics, this post covers everything you need to know, including admission requirements, WAEC subject combinations, career prospects, and a list of universities offering economics in Nigeria.

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Why Study Economics?

Choosing a degree in economics comes with several benefits:

Broad Career Prospects: Graduates can work in banking, finance, policy-making, and business analysis.
Critical Thinking Development: Economics helps students analyze complex financial and policy-related issues.
Global Relevance: Economic principles apply across countries, creating opportunities for international careers.
High Demand: Both the public and private sectors need skilled economists to drive economic growth and stability.

JAMB Subject Combination for Economics

To study economics in any Nigerian university, you must take the following subjects in JAMB:

English Language (Compulsory)
Mathematics
Economics
Government or Geography

These subjects provide the necessary foundation for a degree in economics.

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WAEC Subject Combination for Economics

For WAEC, candidates must obtain credit passes in the following subjects:

English Language
Mathematics
Economics
Government or Geography
Commerce or Accounting

Passing these subjects in not more than two sittings is required for admission into an economics program.

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Direct Entry Requirements for Economics

For those applying through direct entry, universities typically accept:

A-Level: At least two passes in Economics, Mathematics, or Government.
ND/HND: Upper Credit in relevant business or financial studies.
IJMB/JUPEB: A minimum of 12 points in related subjects.

Direct entry candidates often start their economics degree from the 200 level.

Top 83 Nigerian Universities Offering Economics

Below is a list of 83 universities in Nigeria offering economics:

University of Lagos (UNILAG)
University of Nigeria, Nsukka (UNN)
Obafemi Awolowo University (OAU)
Ahmadu Bello University (ABU)
Federal University of Technology, Akure (FUTA)
University of Ibadan (UI)
Federal University of Technology, Minna (FUTMINNA)
University of Benin (UNIBEN)
Federal University of Technology, Owerri (FUTO)
Lagos State University (LASU)
University of Ilorin (UNILORIN)
Nnamdi Azikiwe University (UNIZIK)
Covenant University (CU)
Bayero University Kano (BUK)
Rivers State University (RSU)
University of Jos (UNIJOS)
University of Uyo (UNIUYO)
Abia State University (ABSU)
Kwara State University (KWASU)
Bowen University
University of Port Harcourt (UNIPORT)
Caleb University
Federal University, Oye-Ekiti (FUOYE)
Olabisi Onabanjo University (OOU)
Akwa Ibom State University (AKSU)
Redeemer’s University
Igbinedion University
Madonna University
Nile University
Mountain Top University
Bells University of Technology
Bingham University
Chukwuemeka Odumegwu Ojukwu University (COOU)
Ekiti State University (EKSU)
Ambrose Alli University (AAU)
American University of Nigeria (AUN)
Federal University, Lokoja (FULOKOJA)
Federal University, Kashere (FUK)
Federal University, Lafia (FULAFIA)
Federal University, Ndufu-Alike (FUNAI)
Federal University, Otuoke (FUOTUOKE)
Federal University, Wukari (FUWUKARI)
Gombe State University (GSU)
Godfrey Okoye University
Gregory University, Uturu
Joseph Ayo Babalola University (JABU)
Kogi State University (KSU)
Lead City University
Micheal Okpara University of Agriculture (MOUAU)
Nasarawa State University (NSUK)
Nigerian Turkish Nile University
Novena University
Pan-Atlantic University
Paul University
Renaissance University
Salem University
Samuel Adegboyega University
Sokoto State University (SSU)
Southwestern University
Summit University
Taraba State University (TSU)
Tansian University
Umaru Musa Yar’adua University (UMYU)
Veritas University
Wellspring University
Wesley University
Western Delta University
Yobe State University (YSU)
Zainab University
Baze University
Fountain University
Landmark University
Adeleke University
Chrisland University
Federal University, Birnin Kebbi (FUBK)
Benue State University (BSU)
Ebonyi State University (EBSU)
Osun State University (UNIOSUN)
University of Calabar (UNICAL)
Federal University of Agriculture, Makurdi (FUAM)
Ebonyi State University (EBSU)
Al-Qalam University Katsina
Bells University of Technology

Career Opportunities in Economics

Graduates of economics can work in various industries, such as:

Banking and Finance: Analyzing financial trends and managing investments.
Government and Policy-making: Developing economic policies for national growth.
Business Analysis: Helping companies optimize their financial performance.
International Trade: Working with global organizations to manage trade agreements.
Academia and Research: Conducting economic research and teaching.

Tips for Success in Economics

Stay Updated: Keep up with economic trends and global markets.
Gain Analytical Skills: Learn data analysis tools like Excel and Stata.
Network: Connect with professionals in banking, finance, and business.
Understand Economic Policies: Study government policies and their impact on businesses.
Prepare for WAEC and JAMB: Study past WAEC and JAMB questions to excel in exams.

Conclusion

Economics is a diverse and highly rewarding field that offers opportunities in finance, government, and business. A degree in economics equips students with analytical skills, decision-making abilities, and knowledge of economic policies.

If you’re interested in shaping financial markets and influencing economic policies, economics is a great choice for you.

For more information on JAMB, visit the official JAMB website here.

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