GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income In Nigeria

The average income in Nigeria is relatively low, with a significant percentage of the population living below the poverty line.

In this post, we will explore various statistics related to the average income and salaries in Nigeria, providing insights into different sectors and professions. From the country’s gross national income per capita to specific industry averages, these figures paint a comprehensive picture of earning potentials in Nigeria.

Statistic 1

"In 2019, Nigeria's gross national income per capita was $2,050."

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Statistic 2

"According to a report from Trading Economics, the average income in Nigeria was 56023.67 NGN/Month in 2020."

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Statistic 3

"Nigeria’s GDP per capita fell from $2,229.9 in 2015 to $2,028.2 in 2020."

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Statistic 4

"The average annual salary in Nigeria was NGN 5,590,116 in 2021."

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Statistic 5

"The average salary for employees with Bachelors Degree in Nigeria is NGN 1,510,000."

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Statistic 6

"The average salary of an IT Industry employee in Nigeria is NGN 1,540,000."

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Statistic 7

"The average salary of an Accounts Administration employee is NGN 1,170,000."

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Statistic 8

"The average income of an Agriculture & Forestry employee is around NGN 1,420,000."

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Statistic 9

"The average salary for an Engineer in Nigeria is NGN 2,410,000."

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Statistic 10

"The average salary for a person in the aviation sector in Nigeria is NGN 2,410,000."

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Statistic 11

"The average income of a worker in the oil & gas industry in Nigeria is NGN 3,770,000."

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Statistic 12

"A construction worker in Nigeria earns an average salary of NGN 2,040,000."

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Statistic 13

"The average salary for employees in the Human Resources sector is NGN 1,970,000."

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Statistic 14

"An average Finance & Banking employee in Nigeria earns a salary of NGN 2,510,000."

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Statistic 15

"A software engineer in Nigeria on average earns around 2,380,000 NGN per year."

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Statistic 16

"As of 2021, the average income of an Architect in Nigeria is NGN 2,370,000."

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Statistic 17

"Medical practitioners in Nigeria have an average income of NGN 2,770,000."

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Statistic 18

"A person working as a Petroleum Engineer in Nigeria typically earns around 4,930,000 NGN per year."

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Statistic 19

"In Q1 2019, the average yearly household income in Nigeria stood at 2,482,000 Naira - a 63% growth over the average household income in 2009."

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Statistic 20

"The average yearly university graduate salary in Nigeria is around 1,000,000 NGN."

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In conclusion, the statistics on income in Nigeria provide a comprehensive overview of the diversity in earnings across various industries and professions. While the average income in the country varies significantly, with some sectors like oil & gas and petroleum engineering commanding higher salaries, others such as human resources and accounts administration offer comparatively lower wages. The data also reflect a mix of growth and decline in income levels over the years, underscoring the importance of understanding the nuances within the Nigerian labor market.

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