Average Salary in Nigeria 2024

Discover the intricacies of salaries in Nigeria with comprehensive insights on pay scales, wage gaps, yearly increments, and breakdowns based on education level or years of experience. Uncover the factors that shape earning potentials in Nigeria's dynamic workforce, ensuring you stay well-informed about the ever-changing salary landscape in the country.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Nigeria in 2024?

What is the average salary in Nigeria in 2024?
130USD
(USD 1,500 yearly)
Low 60 USD
Average 130 USD
High 550 USD
If you work in Nigeria, your average salary will be approximately USD 130 per month. Salaries can vary, with the lowest average at USD 60 and the highest average at USD 550 (actual maximum salary is higher). The mentioned salary includes housing, transport, and other benefits. There is a significant salary disparity between different careers. For specific job titles and their corresponding salaries, please refer below.
In comparison with average salary in Nigeria in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 can be done at the year's end.

Pay Scale and Salaries in Nigeria

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 550, 75% of the people earn USD 180 or less. 50% employees earn less USD 120 or less, 25% of the employees earn less than USD 90.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 550, 75% of the people earn USD 180 or less. 50% employees earn less USD 120 or less, 25% of the employees earn less than USD 90.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Nigeria the minimum salary is USD 60.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In Nigeria the median salary is USD 100.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Nigeria the salary ranges from USD 60 to USD 550.

Annual Salary Increments in Nigeria

What is the average annual salary increment in the Nigeria? How frequently do employees receive salary raises?

During 2024, Nigeria recorded an average salary increment of around 0.6% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
The year 2024 saw employees in Nigeria receiving an average salary increment of 0.6%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.6%.

Historical Graph of Annual Salary Increments in Nigeria

Employees in Nigeria received in recent years salary increase from 0.6% to 6.2% on average per year. It means 2.6% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
Nigeria employees have, on average, received a yearly salary increase of 2.6% in recent years. The increment has ranged from 0.6% to 6.2% per year.

Salary Forecast and Trends for the Future in Nigeria

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.8%. Estimated range is between 1.5% and 4.2%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.8%. Estimated range is between 1.5% and 4.2%.

Gender Wage Gap in Nigeria

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Actual wage gap in Nigeria is 5.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Nigeria has an actual wage gap of 5.0%.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women enjoy 10% more days of paid vacation than men each year.
  • College degrees are less common among women compared to men.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • The likelihood of women working part-time is higher than that of men, and part-time workers generally earn less than full-time workers.
  • Men are more likely to work in higher-paying occupations than women.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree brings a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader range of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array of job opportunities. Apart from financial advantages, pursuing a bachelor's degree nurtures personal growth, enhances critical thinking skills, and offers the opportunity to specialize in a specific field of interest. It also facilitates valuable networking avenues and the cultivation of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative adventure that leads to a more gratifying and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. exemplifies a relentless pursuit of excellence and a path towards a transformative and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 7%-11%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 16%-20% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of nearly 7%-11%. Expertise and leadership secure higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 16%-20% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Nigeria

What is the average hourly wage in the Nigeria?

Average Hourly Wage
1USD
Low 0 USD
Average 1 USD
High 3 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Planning for expenses and budgeting can be challenging when dealing with hourly wages that result in irregular or fluctuating income.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks typically associated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can upset work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Job insecurity may be more prevalent in hourly positions than in salaried positions, as they are susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly roles might have restricted possibilities for career advancement, professional growth, or upward movement within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Nigeria

What are the best paying jobs in Nigeria?

List with best paid jobs in NigeriaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Nigeria?

  1. Surgeon (USD 540)
  2. Doctor (USD 490)
  3. Chief Executive Officer (CEO) (USD 470)
  4. Registered Nurse Anesthetist (USD 460)
  5. Dentist (USD 440)
  6. Airline Pilot (USD 420)
  7. Intellectual Property Lawyer (USD 410)
  8. Marketing Manager (USD 360)
  9. Marketing Director (USD 360)
  10. Sales Director (USD 340)
  11. Sales Manager (USD 340)
  12. Petroleum Engineer (USD 340)
  13. Brand Manager (USD 330)
  14. Marketer (USD 330)
  15. Judge (USD 330)
  16. Treasurer (USD 320)
  17. Controller (USD 320)
  18. Pharmacist (USD 310)
  19. Tax Lawyer (USD 310)
  20. Lawyer (USD 310)
List with worst paid jobs in NigeriaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Nigeria?

  1. Cashier (USD 60)
  2. Childcare Worker (USD 70)
  3. Stock clerk (USD 70)
  4. Elder Care Worker (USD 70)
  5. Receptionist (USD 70)
  6. Bartender (USD 80)
  7. Food and beverage server (USD 80)
  8. Janitor (USD 80)
  9. Waiter (USD 80)
  10. Tour Guide (USD 80)
  11. Customer Service Representative (USD 90)
  12. Hotel Concierge (USD 90)
  13. Rehabilitation Counselor (USD 90)
  14. Travel Agent (USD 100)
  15. Secretary (USD 110)
  16. Painter (USD 110)
  17. Carpenter (USD 110)
  18. Bus Driver (USD 110)
  19. Artist (USD 120)
  20. Truck Driver (USD 120)
List with best paid industries in NigeriaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 350)
  2. Business and Management (USD 300)
  3. Marketing and Sales (USD 270)
  4. Engineering (USD 250)
  5. Law (USD 240)
  6. Accounting and Finance (USD 240)
  7. Computer and Information Technology (USD 230)
  8. Transportation and Logistics (USD 230)
  9. Science (USD 230)
  10. Education and Training (USD 190)
  11. Other (USD 140)
  12. Hospitality and Tourism (USD 120)
  13. Social Services (USD 100)
  14. Services (USD 90)