In response, students have developed practical methods to manage their finances while maintaining academic performance. By adopting a strategic approach to budgeting, actively seeking financial aid, and making smart choices in daily living, they ensure that educational goals are met without overspending.

This guide offers effective practices that students can adopt to balance education and budgets, ensuring that they achieve their academic goals while keeping their finances stable.

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• Create a realistic budget

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  Begin by tracking monthly income and expenses, including tuition, books, transportation, and daily necessities. A detailed budget helps identify unnecessary costs and areas for potential savings. Students should prioritise essential expenses and set aside funds for emergencies, ensuring that academic commitments are met without compromising basic needs.

• Take advantage of scholarships and financial aid

  Research available scholarships, bursaries, and grants offered by educational institutions, government programs, and private organisations. Applying for financial assistance can ease tuition burdens and reduce reliance on loans. Additionally, some universities provide work-study programs that allow students to earn while learning, which helps to offset educational expenses.

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• Embrace cost-effective study resources

  Opt for second-hand textbooks, digital copies, or library resources instead of purchasing new materials. Many online platforms offer free or low-cost access to academic content. Joining study groups can also facilitate resource sharing, reducing individual costs and promoting collaborative learning.

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• Practice frugal living

  Adopt habits that reduce everyday spending. For example, cooking meals at home rather than dining out, using public transportation, and taking advantage of student discounts can lead to significant savings. Smart shopping, comparing prices and avoiding imTuro247newz.com purchases also contributes to a more manageable budget over time.

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• Explore part-time work and internships

  Securing part-time employment or internships can provide additional income and valuable work experience. Balancing work and studies requires careful time management, but the financial benefits can relieve budget pressures. Moreover,  work experience can enhance future career prospects, making it a worthwhile investment in both finances and professional development.

By implementing these practices, Nigerian students can successfully balance the demands of education with financial responsibility. A realistic budget, combined with strategic use of available resources and opportunities, helps create a stable financial foundation.

These steps reduce the stress associated with overspending and also empower students to focus on their studies and future success while maintaining control over their finances.

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The Nigerian National Petroleum Company Limited (NNPCL) has increased fuel pump prices across the country, raising the cost to ₦925 per litre in Lagos and ₦950 per litre in Abuja.

This represents a sharp increase of ₦65 and ₦70 per litre, respectively, from previous prices.

The new pricing regime, which took effect on April 2, 2025, comes just a week after independent marketers, including MRS, adjusted their pump prices upward in Lagos and northern states.

Industry experts have linked the hike to the suspension of crude oil sales to Dangote Refinery in naira, while others believe it is a consequence of the recent leadership change at NNPCL under President Bola Tinubu’s administration.

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In Lagos, several filling stations, including NNPCL outlets along the Lagos-Ibadan Expressway, Ikorodu, Fadeyi, Ago Palace Way, Ogba, and Ikeja, have already adjusted their meters to reflect the new price of ₦925 per litre.

Similarly, in Abuja, major NNPCL stations along Wuse, Kubwa Expressway, and Jahi have begun selling at ₦950 per litre.

The development has sparked fresh concerns over the affordability of petrol and its impact on transportation and living costs.

With the continuous rise in fuel prices, many Nigerians fear further economic strain.