Education is getting more expensive in Nigeria — whether it’s school fees, textbooks, or just day-to-day learning expenses. And if you’re a parent, student, or guardian, you’ve probably asked yourself, “How on earth am I supposed to save up for all of this without breaking down?”
Luckily, fintech is here to save the day.
Thanks to a new wave of savings platforms in Nigeria, it’s now easier (and smarter) to plan and save specifically for education — whether it’s primary school, WAEC fees, university tuition, or even post-graduate studies abroad.
Let’s break it down.
1. Why You Should Plan Ahead for Education
Let’s be honest — many Nigerian parents still rely on “last-minute hustle” or “emergency loans” to pay school fees. But this system is stressful, risky, and often leads to delays in your child’s education.
Fintech savings platforms are changing that story.
With automated deposits, locked savings, and goal tracking, these platforms help you save small-small over time — until you have enough to pay that school fee without begging anybody.
2. PiggyVest: Save with a Goal in Mind
PiggyVest is a household name in Nigeria’s fintech scene. And yes, it’s perfect for education savings.
You can create a “Target Savings” plan with a specific goal like “David’s SS3 WAEC Fees” or “Mummy’s MSc Tuition,” lock it till a future date, and watch the interest build. You even get reminders and progress updates, so you know exactly how close you are to the finish line.
Fun Fact: As of 2023, PiggyVest has over 4 million users in Nigeria. (Source)
3. Cowrywise: For Long-Term Planners
If you’re the type who likes planning years ahead (like saving for your 4-year-old’s university education), Cowrywise is a strong contender.
It lets you create multiple savings goals, automate deposits, and even invest your money in mutual funds to grow your funds over time. It’s built for both short-term and long-term financial goals — and yes, the app interface is sweet.
Note: Cowrywise is regulated by the SEC (Securities and Exchange Commission), so your savings are in safe hands. (Source)
4. PressPayNg: Built Specifically for Tuition
This one is for university students and parents who want a platform designed with education in mind.
PressPayNg lets you save specifically for school tuition and even gives access to education loans if needed. The best part? You can start saving in bits and share your savings link with friends and family to support.
They’re already working with several universities and colleges in Nigeria.
Real Scoop: PressPayNg raised over ₦300 million to help Nigerians pay tuition fees. (Source)
5. Kuda Bank: For the Digital-First Savers
Kuda Bank is known as “the bank of the free.” But it’s more than just free transfers — it’s also great for structured saving.
With Kuda’s “Spend+Save” feature, you can automatically save a percentage of every transaction you make. You can also set recurring education savings and monitor your progress from their clean, easy-to-use app.
Tip: You can also earn interest on your savings while using it like a normal bank. (Source)
6. Why These Platforms Work
Unlike keeping money in a piggybank (or under your mattress), fintech apps make savings automated, disciplined, and rewarding.
Here’s what makes them a smarter choice:
- Automated deposits – no need to remember every month.
- Locked savings – no temptation to touch it before time.
- Progress tracking – so you stay motivated.
- Better interest rates than your regular bank account.
7. What You Should Do Right Now
Let’s be real: if you wait until next term to start planning for school fees, you’ll probably end up in panic mode.
Here’s what to do instead:
- Pick one of the platforms above that suits your lifestyle.
- Create a savings goal specifically for education.
- Automate your deposits — even if it’s just ₦500 a week.
- Stay consistent. It adds up faster than you think.
Conclusion
Saving for education doesn’t have to be a burden. With the right fintech tools in your pocket, you can plan ahead, avoid financial pressure, and give yourself or your kids the education they deserve.
The earlier you start, the easier it gets. So whether you’re eyeing that private university, preparing for your child’s WAEC, or planning your own Master’s program — platforms like PiggyVest, Cowrywise, PressPayNg, and Kuda have your back.
Education is expensive, but smart saving makes it possible.
