The naira float rewrote every fee conversation. In June 2023 the central bank floated the currency, dropping the official rate from about ₦475 to ₦750 per dollar overnight — a 37 per cent fall. The rate was about ₦1,319 per dollar on 2 September 2026. Schools with USD-denominated costs (expatriate teachers, IB and exam fees, imported everything) have passed that through in naira terms; fees quoted in dollars have been steadier but the conversion rate is a moving target. ↗ ↗
The market splits sharply. A 2026 tracker of 64 Lagos schools describes roughly 1,200 private schools in the city across five tiers: Tier 1 (Charterhouse, AISL) at ₦16.5M-63M a year; Tier 2 premium British/IB at ₦4M-10M; and a vast Tier 3-5 below that. Tuition typically covers only 65-75 per cent of the real all-in cost — the rest is registration, development levies, transport, uniforms, lunches and trips. Tracker data, graded low-confidence; the shape is corroborated by press surveys. ↗
There are no ratings — anywhere. Nigeria publishes no school-inspection results. The substitutes: UK accreditation (IAPS, COBIS), US State Department Office of Overseas Schools links, IB authorisation, and press surveys with first-party quotes. Our Lagos guide works through them school by school.