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Cost of raising a child jumps to N60 million -What middle class families will spend from pregnancy to university

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Over the years, the cost of raising a child has been on the increase.

As much as parents aspire to give their children the best from medicare to education, best clothing and a conducive environment to grow, they find it quite difficult to meet up with these increasing costs. It has stretched their resources to the limit.

Most parents have to reach the deeper part of their pockets to pay their children’s and wards’ school fees. About 80 per cent of parents have been forced to cut back to meet the financial demands of raising their offsprings.  Some even opt for loan, while some civil servants depend on co-operative societies to meet up. Some parents end up living in debts that linger for years.

The cost of raising a child varies from household to house hold, depending on the financial strength of the family. Costs are usually determined according to the major areas of expenditure such as food, education, housing, clothing, medical services, etc.

The financial burden starts after marriage, when the couple starts preparing to raise a family, and continues till the woman is pregnant. She has to register for regular antenatal and of course, take balanced diet.

To register for antenatal, a middle class woman pays between N80,000 and N150,000, while an average person pays between N20,000 and N35,000.  Child delivery in one of the best hospitals in Lagos is between N200,000 and N400,000, depending on if it is a normal delivery or caesarean. For example, Lagoon Hospitals charge about N150,000 for normal delivery and N250,000 to N300,000 for caesarean.

This also depends on the state of art equipment the hospital has. Some parents would prefer a much cheaper medicare, depending on their financial muscle. Such could patronise hospitals where they pay between N30,000 and N50,000.  For caesarean section, such hospitals charge between N120,000 and N160,000. These does not include the cost of taking balanced diet during pregnancy.

Before the baby is born, it is extremely important for the mother to buy all the necessities the child would need upon its arrival. From diapers to clothes, bathing set, pram or court, toiletries, etc.  An average family will budget between N300,000 and N400,000. This also varies, depending on the family’s income.

Some parents would go for a lesser budget of N60,000 to N100,000.

It continues to rise until the child grows. The cost of putting a child in one of the best crèches in Lagos is about N100,000 per term. An average family might settle for a lesser crèche, ranging from N20,000 to N40,000 per term.

While some can only afford a creche that takes N5,000 to N10,000 per month.

From crèche, a child moves to kindergarten, then Nursery 1 to 2. A middle class parent pays between N150,000 and N250,000 per term while an average parent pays N20,000 to N30,000 per term.

Moving to primary school, the middle to upper class who are willing to spare no costs could send their children to a school like St. Saviours, Ikoyi, Lagos where they pay between N1.5 million and N2 million for a session per child.  Whereas, an average family settles for affordable schools that cost from N20,000 to N60,000 per term. The middle to upper class who want the very best for their children could also go for British International School, Prep or Corona which are also in the league of St. Saviours.

Proceeding to secondary school, one of the best secondary schools in Lagos is British International School. Parents pay in dollars. To enroll their child in the boarding house, you have to part with N5.5million per session because of the high exchange rate.  Day students pay N3 million per session. Parents will pay all of N33 million for their child’s six years stay in secondary school.

Some parents will go for a much lesser school because of other expenses or their income level. Such parents will pay between N40,000 and N60,000 per term.

It is imperative for parents to enrol their children or wards for West African School Certificate Examination and Unified Tertiary Matriculation Examination (UTME), before they can be admitted into the university. Some parents will also register their children for GCE (General Certificate Examination), hence N27,000 would be paid for WAEC for children in private schools while parents who send their children to public schools are lucky not to pay for the examinations.  Notwithstanding, they pay N11,000 for GCE and N10,500 for UTME. There are instances where some parents arrange special tutorials and examinations for their children at over a N100,000.

Abti American University, Yola, Adamawa State is one of the most expensive universities in Nigeria. Parents who see it as their choice for their children will pay N2 million per session, excluding feeding and accommodation.

A student who is studying a four-year course, will spend N8 million to bag a degree in Abti.  Accommodation and feeding not included. Other schools such as Bowen, Igbinedion, Caleb are also choice universities for the middle and upper class.

Some average earners also struggle to give their children a university education in one of these schools which charge between N400,000 and N600,000 depending on their department.  Some parents opt for government universities where they pay between N120,000 to N250,000.

From childbirth to university, the cost of raising a child in this side of the world is on the high side, and there seems to be no sign of the trend reversing. Instead, it has continued to be on the rise. To raise a child from birth to university, a middle or upper class parent spends an average of N60 million, while an average family spends N10 million.

The cost of feeding, accommodation, clothing, medicare are not included because they will be difficult to evaluate.


Middle class family                          N (Naira)

Antenatal                                            150,000

Baby things                                         400,000

Child birth                                           400,000

Creche to nursery 2                        1million

Primary sch.                                       12 million

Secondary Sch.                                 33 million

WAEC, GCE, UTME                          48,500

Lesson                                                  100,000

University                                           12 million

Total                                                      59,098,500


Average family                                  N (Naira)

Antenatal                                            35,000

Baby things                                         100,000

Child birth                                           50,000

Creche to nursery 2                        240,000

Primary sch.                                       4.2 million

Secondary Sch.                                 4.2 million

WAEC,GCE,UTME                            48,500

University                                           1 million

Total                                                      9,873,500



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