All About Actuarial Science: Nigerian Universities that offer it
Actuarial Science is the discipline that accesses financial risks in the insurance and finance fields, using mathematical and statistical methods. This enables actuarial scientists to analyse and solve the financial, economic and business implications of uncertain future events. Actuarial science merges mathematics, statistics, economics, and finance and computer science.
Thankfully, Nigeria has seen how people with such knowledge would help boost the economy. Over the decade, we have seen active steps taken by Nigerian Universities aimed at Human Capacity Development. Several Nigerian Universities offer Actuarial Science now. The full list of Nigerian Universities that offer Actuarial Science approved by the Nigerian University Commission (NUC) is given below:
1. Ajayi Crowther University (ACU), Atiba, Oyo State
Ajayi Crowther University is a Private University located in Oyo State. Ajayi Crowther University was founded in 2005. The Vice-Chancellor is Professor Dapo Folorunsho
2. Crawford University, Igbesa, Ogun State
Crawford University is a Private Christian University located in KM 8 Atan Agbara Road, Faith City, Igbesa in Ogun State. Crawford University was established in 2005. The Vice-Chancellor is Professor Rotimi Ajayi
3. Edwin Clark University (ECU), Kiagbodo, Ughelli, Delta State
Edwin Clark University is a Private University. Edwin Clark University was established in 2015. The Vice-Chancellor is Timothy Olagbemiro
4. Kwara State University (KWASU), Malete, Ilorin, Kwara State
Kwara State University is a State University located at Malete, Kwara State. It was established in 2009. The Vice-Chancellor is Ibrahim Gambari
5. Redeemer’s University of Nigeria (RUN), Mowe, Ogun State
Redeemer’s University of Nigeria is a Private University located at km 46 Lagos-Ibadan Expressway, Mowe in Ogun State, Nigeria. RUN was founded in 2005. The Vice-Chancellor is Anthony Enisan Akinlo
6. Rhema University, Obeama, Abia State
Rhema University is a State University located at 153-155 Aba-Owerri Road, Aba in Abia State. It was established in 2009. The Vice-Chancellor is Professor O.C. Onwudike
7. Salem University, Lokoja, Kogi State
Salem University is a Private University located at KM 16 Lokoja-Ajaokuta Road, PMB 1060, Lokoja in Kogi State, Nigeria. It was founded in 2007. The Vice-Chancellor is Professor J.A. Fuwape
8. University of Benin (UNIBEN), Benin City, Edo State
University of Benin is a Federal University. The Ugbowo campus where the course is offered is located along Ugbowo-Lagos Road, Benin City in Edi State. It was founded in 1970. The Vice-Chancellor is Professor Lilian Imuetiyan Salami
9. University of Jos (UNIJOS), Jos, Plateau
University of Jos is a Federal University located at Jos in Plateau State. It was founded in 1975. The VC is Seddi Sabastian Maimako
10. University of Lagos (UNILAG), Yaba, Lagos State
University of Lagos is a Federal University located at Akoka, Yaba in Lagos State. It was founded in 1962. The Vice-Chancellor is Oluwatoyin Ogundipe
You have ten (10) options to pick from now. We urge you to do proper research before you choose. Information like school fees, the type of university it is (Federal, State or private) and where it is located are very important so you have an idea of what you are getting into.
The JAMB subject combination is mathematics, English, Economics and any other social science subject. For O’level, you must have credit passes in English language, Mathematics, Economics and any other two (2) related subjects. The related subjects include Bookkeeping, Geography, Government, Civic Education, Insurance Business Studies, Commerce, Christian Religious Studies or Islamic Studies.
Actuarial Scientists can work in any industry since the main objective of every business is to maximize profits and minimize losses. Though actuarial scientists can work in any industry, the three main applications of actuarial science is Life Insurance, Healthcare and Insurance, Investment and Financial Services, Vehicle Insurance and Pension Plans. So, if you like using mathematics to participate in high-level business decision-making to solve real problems, this is the perfect course for you.
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