Financial Manager salary in Nigeria
Gross annual earnings — 2024 · Africa · Source: ILO / Life Indexed estimate
Financial Manager salary in Nigeria over time
Financial Manager salary — Africa comparison
How Nigeria compares to other Africa countries
| Country | Average salary (2024) | vs Nigeria |
|---|---|---|
| Nigeria | NGN 19,575,000/yr | — |
| Tanzania | TZS 27,216,000/yr | local currency |
| Kenya | KES 2,106,000/yr | local currency |
| Egypt | EGP 864,000/yr | local currency |
| South Africa | ZAR 507,600/yr | local currency |
| Ethiopia | ETB 504,000/yr | local currency |
| Ghana | GHS 247,500/yr | local currency |
| Morocco | MAD 229,500/yr | local currency |
Financial Manager salary worldwide
Frequently asked questions about Financial Manager salaries in Nigeria
What is the average Financial Manager salary in Nigeria in 2024?
The average financial manager salary in Nigeria in 2024 is NGN 19,575,000 per year (NGN 1,631,250 per month, or NGN 376,442 per week). This figure represents gross annual earnings before income tax and social contributions. Source: ILO / Life Indexed estimate.
What is the salary range for a Financial Manager in Nigeria?
Financial Managers in Nigeria earn between NGN 12,723,800 and NGN 28,383,800 per year in 2024. The spread reflects differences in experience level, employer size, sector (public vs private), and geographic location within the country.
How much does a Financial Manager earn per month in Nigeria?
A financial manager in Nigeria earns approximately NGN 1,631,250 per month (gross) in 2024, based on an annual average of NGN 19,575,000. Monthly take-home pay will be lower after income tax and social security deductions, which vary by individual circumstances and applicable tax brackets in Nigeria.
What is the entry-level Financial Manager salary in Nigeria?
Entry-level financial managers in Nigeria typically earn between NGN 12,723,800 and NGN 16,638,800 per year in 2024. Salaries at the junior level are generally 15–35% below the national average, increasing with professional certifications, years of experience, and specialisation.
Is the Financial Manager salary in Nigeria increasing?
Yes. Based on available data, Financial Manager salaries in Nigeria have grown by approximately 41% between 2022 and 2026, reflecting ongoing demand and wage growth trends.
Is NGN 19,575,000 a good salary for a Financial Manager in Nigeria?
Whether NGN 19,575,000 per year is a good financial manager salary in Nigeria depends on cost of living, location, and career stage. This figure represents the 2024 national average — earners above this level are in the upper half of the pay distribution for this occupation. Factors that influence individual compensation include employer type (multinational vs. local), city (capital cities typically pay 10–25% more), qualifications, and years of experience.
How does the Financial Manager salary in Nigeria compare to other Africa countries?
Nigeria's financial manager salary of NGN 19,575,000/yr (among comparable economies) is higher than 6 countries and lower than 1 country in the Africa region as of 2024. Differences across countries reflect purchasing power, labour market conditions, cost of living, and local demand for this role.