Quick Answer: What is the average Nigerian salary?

A person working in Nigeria typically earns around 339,000 NGN per month. Salaries range from 85,700 NGN (lowest average) to 1,510,000 NGN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

What is Nigeria’s average income?

Living Wage Individual in Nigeria averaged 42500 NGN/Month from 2015 until 2018, reaching an all time high of 43200 NGN/Month in 2018 and a record low of 41800 NGN/Month in 2015.

What is the average salary in Nigeria in US dollars?

The average annual salary in Nigeria is 5,590,116 Naira and using the current exchange rate, that amounts to 13,634.43 USD. If it is monthly, that is 1136.20 US Dollars and 465,843 Naira. In a country like Nigeria, workers are paid between N63,054 to N2,062,823 as salary every month.

Is $100 a lot in Nigeria?

Largely depends on who you ask. $100 is around 36,000 Naira which is twice our current official minimum monthly wage. To someone who earns minimum wage, which unfortunately is the bulk of the Nigerian populace, it is a lot of money.

IMPORTANT:  Who owns Internet in Kenya?

How much does an average Nigerian earn monthly?

Average Salary of Workers in Nigeria 2021: The average monthly salary a worker in Nigeria earns is about N516, 995 including transport, housing, and other benefits. The salary is different, depending on the kind of job.

Who is considered rich in Nigeria?

According to Forbes the 5 richest Nigerians are: Aliko Dangote (net worth US $14.4 billion), Mike Adenuga (net worth US $9.9 billion), Femi Otedola (net worth US$1.85 billion), Folorunsho Alakija (net worth US$1.55 billion), Abdul Samad Rabiu (net worth $1.1 billion).

Is Nigeria richer than India?

India has a GDP per capita of $7,200 as of 2017, while in Nigeria, the GDP per capita is $5,900 as of 2017.

Is $200 a lot of money in Nigeria?

At the current exchange rate of N360/dollar, $200 is N72000. With up to two-thirds of the population living on less than a dollar a day, Nigerians living in poverty rise , $200 is a lot of money for most Nigerians.

What can you buy with $100 in Nigeria?

$100 is work 36,300 in Nigerian currency.

  • 10 bags of sachet water (pure water)
  • A bottle of water.
  • Transport fare over a short distance within a city.
  • Two beef roll snacks (gala)
  • Some really cheap biscuits.

How much money is rich in Nigeria?

Capital cost about N15M a year. You should be able to survive 45years living in Nigeria with N550,000,000.00. You would be considered wealthy* in Nigeria. The same as anywhere in the world really if you are going to go by international standards.

How much is a Coke in Nigeria?

Cost of living in Nigeria is, on average, 57.55% lower than in United States.

Cost of Living in Nigeria.

IMPORTANT:  Does Nigeria export cassava?
Restaurants Edit
Coke/Pepsi (12 oz small bottle) 134.78₦
Water (12 oz small bottle) 96.67₦
Markets Edit
Milk (regular), (1 gallon) 4,060.91₦

How much is $10000 in Nigeria money?

Are you overpaying your bank?

Conversion rates US Dollar / Nigerian Naira
1000 USD 388000.00000 NGN
2000 USD 776000.00000 NGN
5000 USD 1940000.00000 NGN
10000 USD 3880000.00000 NGN

Is Nigeria a safe country?

There is a high level of crime throughout Nigeria, including armed robbery, kidnapping for ransom, home invasions, carjacking and violent assault. Criminal activity is high in urban areas, including the city of Lagos, as well as on the northern border with Niger and Chad.

African stories