Elizade University

What Elizade University does

Elizade University is a private Nigerian university licensed by the National Universities Commission (NUC) on 28 February 2012 and operational since January 2013, located in Ilara-Mokin, Ondo State. Founded and funded by industrialist and philanthropist Chief Michael Ade. Ojo, the university operates across five faculties — Engineering and Environmental Sciences, Basic and Applied Sciences, Humanities/Social/Management Sciences, Allied Health Sciences, and Law — offering 33+ undergraduate and 30+ postgraduate programmes (PGD, M.Sc., M.Eng., M.Phil., Ph.D.) with full NUC accreditation and professional body recognition (COREN, MLSCN, ARCON, Nursing and Midwifery Council). Total enrolment is approximately 1,500 students (2020/2021 baseline) with 708 new matriculants in a recent session, and 501-1,000 employees.

The institution runs a Moodle-based virtual learning environment (iLearn), dedicated undergraduate and postgraduate student portals, an institutional repository, a university medical centre, a Faculty of Law clinic (with NULAI), and an active international office coordinating student and faculty mobility. It holds partnerships with 20+ global institutions across 15 countries (ORT Braude College in Israel, University of Portsmouth in the UK, Coimbra Group, EU Horizon Europe, Carnegie African Diaspora Fellowship, EURAXESS Africa) and has mobilized 300+ students through international exchange programmes.

The business model is tuition-driven, supplemented by application/acceptance fees (N10,000/N100,000), parents' forum levies, and ancillary services (medical centre, exchange programmes). Postgraduate tuition ranges from N308,500 to N500,000 per session depending on programme. The university is actively building a Medical School and expanding into STEM programmes (Software Engineering, Mechatronics, Public Health) to broaden its addressable student base and degree portfolio. There is no public revenue disclosure, no external institutional investor, and the institution is privately held under a Board of Trustees/Governing Council structure.

Name

Elizade University

Legal name

Elizade University

Website

https://elizadeuniversity.edu.ng

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Elizade University is a private Nigerian university founded in 2012 by Chief Michael Ade. Ojo in Ilara-Mokin, Ondo State, offering 33+ undergraduate and 30+ postgraduate programmes across five faculties, serving approximately 1,500 students with active international partnerships and an expanding STEM and medical sciences portfolio.

Ownership category

akta.pro rank

Product category

Higher Education

NAICS

Colleges, Universities, and Professional Schools (6113)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Online Divisions of Traditional Universities (Hybrid/Extension) (EDAHALAB)

Keywords

• Higher education services
• Undergraduate degree programs
• Postgraduate degree programs
• Engineering education
• Health sciences training

Headquarters

HQ city

Ondo

HQ country

Nigeria

HQ region

Africa

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Tuition and Academic Fees: The university generates revenue primarily through tuition fees charged per academic session. Academic fees cover tuition, examinations, registration, accommodation, and contribute to chargeable student amenities and services. Postgraduate programs charge varying fees per session depending on the program level and discipline.
2. Application and Acceptance Fees: One-time application fee of ₦10,000 plus non-refundable acceptance fee of ₦100,000 charged to admitted students. Additional levies such as Parents' Forum Levy of ₦10,000 per session.
3. International Exchange and Mobility Programs: Revenue generated through international exchange partnerships with institutions like ORT Braude College (Israel) and University of Portsmouth (UK), including engineering student exchange programs.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Elizade University is a private higher-education institution delivering accredited undergraduate and postgraduate degree programs across five faculties (Engineering and Environmental Sciences, Basic and Applied Sciences, Humanities/Social/Management Sciences, Allied Health Sciences, and Law). It charges tuition and academic fees per session, supported by a Moodle-based e-learning platform (iLearn), dedicated student portals, and ancillary student services including a medical centre, law clinic, and a merit-based scholarship program for Ilara-Mokin indigenes.

Product overview

Elizade University is a private Nigerian university offering a portfolio of academic programmes across five faculties (Engineering and Environmental Sciences, Basic and Applied Sciences, Humanities/Social/Management Sciences, Allied Health Sciences, and Law). The institution operates a suite of digital platforms — including the iLearn Moodle-based Learning Management System, dedicated undergraduate and postgraduate student portals, an institutional repository, and a journal publishing platform — alongside traditional on-campus educational delivery. Key services include a university medical centre, a law clinic, scholarship programmes for local indigenes, and an expanding suite of NUC-accredited undergraduate and postgraduate degree programmes. The university is advancing toward establishing a Medical School with diaspora support.

Differentiator

Problem solved

Functional benefit

Products and services

• Undergraduate Degree Programmes Five faculties offering 33+ undergraduate degree programs spanning Engineering and Environmental Sciences, Basic and Applied Sciences, Humanities/Social/Management Sciences, Allied Health Sciences, and Law, with full NUC accreditation across the listed programmes. New programs (Software Engineering, Mechatronics, Public Health) approved by NUC in 2026.
• Postgraduate Degree Programmes 30+ postgraduate programmes (PGD, M.Sc., M.Eng., M.Phil., Ph.D.) across four faculties, covering business, sciences, engineering, humanities, and law disciplines. Program fees range from ₦308,500 to ₦500,000 per session depending on program level and discipline.
• Scholarship Programme for Ilara-Mokin Indigenes Performance-based scholarship funded by Founder Chief Michael Ade. Ojo, covering full tuition, accommodation, and administrative fees for indigenes of Ilara-Mokin who score a minimum 250 in UTME and pass O'level requirements, available for any program of choice.
• Faculty of Law Clinic Legal aid clinic established in line with the Network of University Legal Aid Institutions (NULAI), providing hands-on legal experience to law students and access to justice / legal representation to underprivileged members of the local community.
• iLearn Virtual Learning Environment (VLE) Moodle-based learning management system (LMS) deployed across all faculties, enabling online course delivery, lecture note uploads, and blended learning aligned with the university's E-Learning Policy.
• Medical School (In Development) Planned Medical School project currently in advanced stages of preparation, with diaspora backing secured (third Global Town Hall Meeting held), curriculum developed, state-of-the-art medical equipment being assessed, and NUC resource verification visit anticipated. Intended to produce medical doctors and expand health-sciences training offerings.

Quantifiable outcome

• 708 new students matriculated in recent academic session
• +7 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered major, core and minor.

• Carnegie African Diaspora Fellowship ProgrammajorStrategic or Co-development Partner · 1 January 2025Prestigious fellowship hosting U.S.-based African diaspora scholars. Elizade University hosted a Carnegie fellow under this program to strengthen academic and research capacity for the second time.
• ORT Braude College of Engineering (Israel)coreStrategic or Co-development Partner · 1 January 2013Strategic engineering exchange partnership with Karmiel, Israel. Students spend a semester at the institution and undergo internships with relevant institutions. Engineering students have participated in 5-month exchange programs with intensive practical training.
• University of PortsmouthcoreStrategic or Co-development PartnerAcademic partnership with Portsmouth, United Kingdom for collaborative academic programs and research initiatives.
• European Union's Horizon EuropemajorTechnology or IntegrationResearch partnership with EU's Horizon research and innovation framework, supporting international research collaborations and grant access. University actively assisting with H2020/Horizon Europe grant applications.
• Talented Young Scientist ProgramminorStrategic or Co-development PartnerPartnership with program based in Beijing, China supporting young scientist development and mobility.
• EURAXESS AfricaminorStrategic or Co-development PartnerCollaboration with European Commission's research and exchange network supporting researcher mobility and international academic collaborations.
• Coimbra Group UniversitycoreStrategic or Co-development PartnerMobility and exchange partnership with the Coimbra Group, a prestigious network of European universities, facilitating student and staff exchanges.
• Network of University Legal Aid Institutions (NULAI)minorStrategic or Co-development PartnerPartnership for establishment of Faculty of Law's law clinic providing hands-on legal experience to law students and legal representation to underprivileged community members.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Covenant University: One of Nigeria's leading private, faith-based universities in Ota, comparable to Elizade as a privately funded, multi-faculty institution offering undergraduate and postgraduate programs with strong international visibility and accreditation.
• Babcock University: Private Seventh-day Adventist university in Nigeria with comparable program diversification, postgraduate offerings, and similar founder/ownership-driven governance to Elizade.
• Redeemer's University: Private faith-based Nigerian university in Ede, comparable to Elizade as a private multi-faculty institution with overlapping Health Sciences and Engineering program mix.
• Bowen University: Private Nigerian university in Iwo offering comparable multi-faculty academic programs and a similar scale, faith-based but broadly accessible mission akin to Elizade.
• Pan-Atlantic University: Private Nigerian university in Lagos, comparable to Elizade as a privately-operated institution delivering multi-disciplinary programs with similar positioning on practical, value-add education.
• Nile University of Nigeria: Newer private Nigerian university based in Abuja with comparable Engineering, Health Sciences, and Basic Sciences offerings and a similar growth-stage profile to Elizade.
• American University of Nigeria (AUN): Private American-style liberal-arts university in Yola, comparable to Elizade as a privately-funded institution offering diverse undergraduate and postgraduate programs with international affiliations.
• Afe Babalola University (ABUAD): Private Nigerian university founded by a prominent philanthropist, comparable to Elizade in scale, founder-driven operating model, and breadth of programs spanning Engineering, Law, and Health Sciences.

Broad incumbents

• Obafemi Awolowo University (OAU): Federal Nigerian university in Ile-Ife, comparable as a major multi-disciplinary higher education institution with strong engineering and sciences heritage, though considerably larger and publicly funded.
• University of Lagos (UNILAG): Major federal government university in Lagos, comparable as a leading Nigerian higher education institution in scope of programs, though significantly larger in scale and publicly funded.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Elizade University