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Salary data for country: Nigeria
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Top Management

Salary for position Economic/Financial Manager in Nigeria

Gross salary in Nigeria is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
226K - 1.2M NGN
10% earn less lthan 226K NGN
10% earns more than 1.2M NGN
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Salaries in the survey are expressed in gross.

Based on the Paylab.com salary survey, 80% of people on the Economic/Financial Manager position in the Nigeria earn between 225,553 NGN and 1,247,441 NGN monthly gross.

10% of employees earn less than 225,553 NGN and 10% of people earn more than 1,247,441 NGN.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Economic/Financial Manager typically do

  • Responsibility for the smooth running of the economic department in the company.
  • Planning, managing, and monitoring all the financial activities in the company.
  • Managing, coordinating, motivating and assessing subordinate employees.
  • Drawing up a budget, forecasts, and a financial plan.
  • Managing and monitoring the cash flow of the company.
  • Communicating with commercial financial institutions, auditors, tax authorities, etc.
  • Completing reports and their presenting to the owners of the company.

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The most common career path of an employee

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Position Economic/Financial Manager in the labour market

In the salary ranking,
the job position takes

18. place

Women representation in position

n/a

Average age of respondent by position

n/a

685. place

Nursery School Teacher Assistant

Education, Science & Research

Salary group 1

90,227 - 198,200 NGN

19. place

Technical Director

Top Management

Salary group 2

250,224 - 1,186,678 NGN

18. place

Economic/Financial Manager

Top Management

Salary group 2

225,553 - 1,247,441 NGN

17. place

IC Design Engineer

Information Technology

Salary group 2

288,233 - 1,164,273 NGN

1. place

Software Engineer

Information Technology

Salary group 3

472,899 - 3,009,342 NGN

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  • Salary for the position by region, education, experience, company size, age
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  • Salary range from 1st to 9th decile
  • A breakdown of all monitored non-financial benefits
  • Analysis of financial benefits
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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Economic/Financial Manager.

The total gross salary for the position Economic/Financial Manager ranges between 165,395 NGN and 2,399,712 NGN per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Paylab.com to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Economic/Financial Manager have a total gross salary of at least 1,247,441 NGN per month.

10% of the highest-earning employees in this position have a total gross salary higher than 1,247,441 NGN per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 225,553 NGN per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Economic/Financial Manager earns 800,885 NGN per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Paylab.com you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Economic/Financial Manager, we currently have less than 20 verified respondents collected.