The aim of this study was to evaluate fire safety preparedness among students living in residential halls of the University of Ibadan. Descriptive survey design was used for the study. Target population consists of students accommodated in halls of residence in University of Ibadan. This study employed multi-stage sampling technique to obtain the sample population of 646 respondents. Instruments used for data collection consisted of self-structured and validated questionnaire (r=0.77), observation schedule and structured interview guide. Data were analysed through descriptive statistics. Findings revealed that fire extinguishers are indicated readily available in halls of residence with 79.6% of residential students indicating its availability; 59.6% of residential students do not know how to use a firefighting equipment; 81.9% of residential students have not received any training on the use of firefighting equipment; 74.9% of residential students do not have access to fire safety plan/policy. Based on findings, recommendation is made that students should be trained on how to use firefighting equipment.