University of Ilorin P.M.B. 1515, registrar@unilorin.edu.ng, +234810-848-3222

The University of Ilorin has been adjudged the first among institutions in Nigeria with the best return on investment.

An online publication, Stutern.com, came up with this verdict in its Nigerian Graduates Report 2018, a copy of which was made available to Unilorin Bulletin. The report is the product of a panoramic research on employment in Nigeria and Nigerian universities.

According to the report, the University of Ilorin, with a ratio of 13.75, emerged the first among Federal and State-owned universities, polytechnics as well as privately-owned institutions with the highest Return on Investments.

Stutern, an online job placement platform and skills development organisation, reports that with “with an Average Annual Salary pegged at N883, 922.89 and Average Academic Tuition at N64, 307.50, a student from this school can earn their total tuition fee more than 13 times in their first year of full-time paid employment”.

Closely following the University of Ilorin on the “Return on Investment” ranking is the University of Ibadan with a ratio of 12.24 in the 2nd position. The Federal University of Technology, Akure (FUTA) with a ratio of 10.82, listed came 3rd on the Stutern Return on Investment ranking.

Other universities featured in the report include the University of Agriculture, Abeokuta with a return on investment ratio of 8.44 (4th); the Federal University of Technology, Minna, with ROI of 8.13 (5th); Ahmadu Bello University, Zaria - 7.85 (6th); the University of Lagos-7.64 (7th); Obafemi Awolowo University, Ile-Ife with ROI of 7.2 (8th), Nnamdi Azikiwe University, Awka-5.46 (9th) and the University of Nigeria, Nsukka with 4.97, occupying the 10th place, among others.

The Stutern Report also featured the employability status of Nigerian graduates, employment status by level of degree, employment status by gender, most employed graduate courses as well as most employable universities where it placed the University of Ilorin in the fifth position.

In a Foreword to the report, the Executive Director, Centre for the Study of the Economies of Africa, Chukwuka Onyekwena, pointed out that the Stutern's Nigerian Graduates Report is “timely” and “offers new insights on the country's employment environment and highlights notable issues that surround employability, especially among youths.”

He added that “this information has the potential to improve the efficiency of efforts in the education system towards improving the stock of human capital in the country. Additionally, the findings can help shape the strategies of a diverse range of stakeholders, including employers in search for talent, job-seekers looking for gainful employment and state actors in designing effective policies.”