International education stakeholders have long touted Nigeria as the next major source market for international students, and for good reason. The demographics are extraordinarily favourable. The population of Nigerians aged 18 to 23 is expected to surpass 30 million by 2030. At the same time, Nigeria’s GDP per capita is predicted to grow by 30%.49
Last year, we forecasted that these changes would drive growth in the Nigerian middle class, but that Nigerian students would likely remain highly price-conscious, favouring lower-cost markets such as Canada. In fact, it’s the UK that saw an enormous spike in Nigerian students over the past year. More than 65,000 Nigerian nationals were granted UK sponsored study visas for the year ending June 2022. In a remarkable contrast, this number was just over 7,000 for the year ending June 2019.
As a result, Nigerian student inflows to the UK are orders of magnitude higher than those to other top English-language destination markets. It’s worth noting, however, that Canada saw its own doubling of study permits issued between 2019 and 2021, from 3,100 to 6,400. What drove the UK surge? Likely the Graduate Route, but it’s worth noting that the UK has a proximity advantage to Nigeria as well.