Salary Structure for Senior Management in Nigeria
Senior management in Nigeria is responsible for leading and overseeing the operations of organizations.
They typically have many years of experience in their field and are responsible for making important decisions that affect the success of the organization.
The salary structure for senior management in Nigeria varies depending on a number of factors, including the size and industry of the organization
the experience and qualifications of the individual, and the location of the job. However, there are some general trends that can be observed.
Salary Ranges
According to PayScale, the average salary for a senior manager in Nigeria is ₦6,000,000 per year. The salary range for senior managers in Nigeria is typically from ₦550,000 to ₦4,000,000 per month.
Factors Affecting Salary
The following factors can affect the salary of a senior manager in Nigeria
• Size and industry of the organization: Senior managers working for larger organizations or organizations in more profitable industries tend to earn higher salaries.
• Experience and qualifications: Senior managers with more experience and qualifications tend to earn higher salaries.
• Location of the job: Senior managers working in major cities like Lagos and Abuja tend to earn higher salaries than those working in smaller cities or rural areas.
Salaries of Government Organizations
The following are the salaries of senior managers in some government organizations in Nigeria
• Central Bank of Nigeria: The CBN Governor earns an annual salary of ₦24,000,000. Deputy Governors earn an annual salary of ₦21,000,000.
• Nigerian National Petroleum Corporation (NNPC): The NNPC Group Managing Director earns an annual salary of ₦18,000,000. Executive Directors earn an annual salary of ₦16,000,000.
• Federal Inland Revenue Service (FIRS): The FIRS Executive Chairman earns an annual salary of ₦15,000,000. Executive Commissioners earn an annual salary of ₦13,000,000.
FAQs
How much is a senior manager paid in Nigeria?
The average salary for a senior manager in Nigeria is ₦6,000,000 per year. The salary range for senior managers in Nigeria is typically from ₦550,000 to ₦4,000,000 per month.
How much is level 7 salary in Nigeria?
The salary for level 7 in Nigeria varies depending on the organization and the industry. However, the average salary for level 7 is typically around ₦4,000,000 per year.
What is the highest salary of a senior manager in Nigeria?
The highest salary of a senior manager in Nigeria varies depending on a number of factors, including the size and industry of the organization, the experience and qualifications of the individual, and the location of the job. However, some senior managers in Nigeria earn salaries in the millions of naira per year.
How much are managers paid in Nigeria?
The average salary for a manager in Nigeria is ₦511,000 per year. The salary range for managers in Nigeria is typically from ₦211,000 to ₦900,000 per month.
