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Graduate students in Nigeria who are seeking scholarship for Masters degree have numerous opportunities available for them both locally and internationally. Scholarship for Master’s degree in Nigeria and abroad are funded by Governmental bodies, NGOs, private organizations, etc. The scholarship schemes are meant to support various qualified and suitable graduates who want to obtain Master’s degree.
They are fully or partly funded by organizations with numerous criteria outlined for qualified candidates to adhere to strictly. This scholarship covers several things such as tuition fee, accommodation, and other living expenses.
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Advantages of Scholarship to Students

Scholarship is a means of granting financial aid to students, and it doesn’t require one to make repayment as they are rendered based on merit for a recognized achievement, and these are the benefits:

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1.     Monetary Aid

There are cases of students or graduates with debt, and this makes it hard for them to settle their tuition fee. As a result of this, some students have to reduce the hours they have with their school work or education to carry-out per-time jobs to enable them to afford their educational expenses and cost of living. Along the way, some of these students end up dropping out of school due to the inability to further as a student of various disciplines and degrees.

2.  Academic Assistance

This reduces monetary concerns in obtaining the desired degree. Academic assistance is a great way of increasing and promoting higher chances of furthering ones education or postgraduate programs. An Individual on scholarship obtaining assistance as regarding his or her academics will have more time to learn and study for them to obtain good grades.

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     3. Increased Employability

An Individual who must have obtained scholarship is liable to become more employable when in contact or faced with job opportunities. This is because some employers know how competitive it is to be awarded scholarship, and it is a an achievement for the individual which further shows his or her capabilities. Scholarship can make an individual exceptional when job searching, and also offer that desired career you have always envisioned.

Disadvantages of Scholarship to Students

Although various scholarship schemes have indeed proven to work out and also rendered assistance to suitable candidates.For everything that has a positive effect must in a way has a negative effect. In the same vein, scholarships have its own disadvantages too, and here they are:

1. Minimal Number of seats

The Scholarship scheme is faced with the problem of restrictions in terms of seat numbers. This means that very few students benefit from this scholarship scheme, while others are left alone and unable to further their higher education due to lack of funds or monetary assistance. This implies that not every student gets the opportunity of being sponsored because of this limitation.


This is another problem student encounter as a result of obtaining scholarship. There are some case that partial treatments or unfair judgment which benefits one over another. For instance, two students might be having equal scores in the same course, and a particular student could be favoured over the other student. As a resilt of this, the other student might feel bad for not being awarded scholarship.

 Masters Scholarship for Graduate Studies in Nigeria

A comprehensive list that provides the necessary information on the Top 20 Masters Scholarship for Graduate Studies in Nigeria both locally and internationally is presented in this article.


1. AGIP Postgraduate Scholarship

This scholarship is for Nigerian students with a desire to further and obtain a Master’s degree in Nigeria or abroad. The scholarship covers tuition fees, books, accommodation, trip expenses for the one-year course of study. It is compulsory that applicants fulfill all the necessary requirements.

2. Chevening Scholarship

The Scholarship is in association with the United Kingdom Government. Chevening scholarship is funded by the Foreign and Commonwealth Office (FCO) to support students in UK universities. It is for a period of one year, and it covers the duration for a Master’s degree.

3.Commonwealth Scholarship Commission

This organization grants Scholarships to eligible applicants to study for their Master’s program in any institution of their choice. There are also requirements that each candidate must provide and fulfill to ensure a successful application. If you are able to obtain those criteria, then, you will be considered eligible for the scholarship.

4.Federal Government Scholarship Board

The Federal Ministry of Education in Nigeria offers a Bilateral Education Agreement (BEA) scholarship to be awarded to qualified students in Nigeria to further their education for their Master’s level. Therefore, graduate students don’t have to bother about their tuition fee.

5.FINCAD Women in Finance Scholarship

The Scholarship is open to Females from all countries including Nigeria to enroll in a post-graduate program at an accredited university. It is meant to encourage women in the field of Finance. There is no age limitation as women of adult age-grade can apply as long as they are qualified and suitable candidates with the interest in pursuing their education to master’s level.

6.Griffith Postgraduate Scholarship

The Scholarship covers 50% tuition fees which will be subtracted from the postgraduate fees for the duration of the program. The country of study is Australia and the name of the school is Griffith University. It is not gender-specific and there are reuirements that applicants need to fulfill as well as the application deadline.

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7. Japanese Government Scholarship

The Japanese Government’s Ministry of Education bids on students to apply for scholarships to study courses under Social Sciences, Humanities, economics and business administration, Natural Sciences in Japan. It covers the students’ monthly allowance, tuition fee, flight ticket, and other expenses. It is opened for application to individuals who want to pursue their academic career to master’s level.

8. Leventis Foundation/Alba Graduate Business School

The organization provides a program for interested individuals in Nigeria to study in Greece for a Master’s degree. They offers two scholarship opportunities, one is fully-funded and the other is partly funded covering tuition fees and accommodation fees. There are also criteria to meet up by applicants, if they want to be eligible for the scholarship.

9.National Information Technology Development Agency (NITDA)

This agency provides scholarship for candidates that are qualified to obtain a Master’s degree in a Nigerian University. The agency follows a directive of changing the country to an IT-driven nation, the scholarship is also aimed at advancing and encouraging Information and Technology.

10. NDDC Foreign Post Graduate Scholarship

The Scholarship is meant to provide funds for academic staff to gain access to the postgraduate training for a master’s degree in Nigeria or abroad. Several Nigerian students have benefited from this NDDC foreign post graduate scholarships.

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