The University of Lagos has produced its first cohort of graduates from the Institute and Faculty of Actuaries accredited MSc Actuarial Science programme, marking a milestone in actuarial education in Nigeria and across Africa.

The University disclosed that the pioneer cohort admitted 15 students, with nine graduates earning exemptions from key professional examinations under the Institute and Faculty of Actuaries qualification framework, including CS1, CS2, CM1, CM2, CB1, and CB2. The exemptions place the graduates on an accelerated path towards obtaining internationally recognised actuarial qualifications.

According to the University, the achievement reflects its commitment to internationalisation, professional education, and the development of globally competitive actuarial professionals.

Beyond the Institute and Faculty of Actuaries accreditation, the Department of Actuarial Science and Insurance has secured UCAP Advanced Curriculum Status from the Society of Actuaries, United States, as well as Silver Level Recognition under the Casualty Actuarial Society University Recognition Programme.

The University stated that these international recognitions would strengthen its global reputation, improve students' access to professional networks and learning resources, and open up more opportunities for international academic and industry collaborations.

Vice Chancellor, Professor Folasade Ogunsola, congratulated the Department of Actuarial Science and Insurance on the milestone, describing it as a testament to the Department's commitment to excellence, innovation, and global best practices in actuarial education.