The position according section 65 sub-section 2 of the 1999 Nigerian constitution states that;
(a) he has been educated up to at least School Certificate level or equivalent and
(b) he is a member of a political party and is sponsored by that party.
On this note, Mr. Melaye is more qualified to occupy the position without any of his higher institution degrees.
See a screenshot of the passage in the constitution below:
via: INFORMATION NIGERIA