Employer of Record in Nigeria | Payroll

Payroll in Nigeria

Wages

Wages in Nigeria vary by location and industry. The legal minimum wage is 70,000 NGN per month, while several states have set higher rates. Minimum wage rates are reviewed every three years.

Salaries

The annual average salary in Nigeria is approximately 4,068,000 NGN, with monthly earnings varying significantly by position, experience, and region. The median monthly salary is estimated to be around 339,000 NGN.

Salaries by location in Nigeria

Lagos: The city is known for offering salaries above the national average, particularly in sectors such as finance, technology, and healthcare.

Abuja: This city offers competitive compensation in industries like public administration, education, and trade, with wages generally reflecting the cost of living.

Kano: While this city offers salaries that are competitive, certain sectors may offer compensation slightly below the national average, influenced by regional economic factors.

As your employment partner in Nigeria, we can provide you with the latest resources and insights on average employee compensation across various roles and regions, ensuring that you make competitive and compliant employment offers.

Payroll frequency

In Nigeria, employees are typically paid on a monthly basis, with salaries disbursed on a fixed, predetermined date specified in the employment contract or workplace regulations. Nigerian labor law mandates that remuneration must be paid at least once a month, ensuring regular income for employees.

In addition to regular monthly wages, employees may receive additional compensation such as annual bonuses or incentives. These payments are often stipulated in collective bargaining agreements or internal company policies and are disbursed according to the terms outlined therein. Employers are required to adhere to the agreed-upon schedules for these payments to maintain compliance with labor regulations.