Account Payable Specialist salary in Nigeria

Average Yearly Salary of Account Payable Specialist in Nigeria is approximately 3,014,128 NGN (3,590 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Account Payable Specialist do?

An accounts payable specialist is responsible for managing and processing all incoming invoices and payments for an organization. They ensure that all invoices are accurate, properly coded, and approved before making payments to vendors or suppliers. This includes reconciling invoices with purchase orders and resolving any discrepancies or issues that may arise. Additionally, they maintain vendor records, track expenses, and prepare financial reports related to accounts payable activities. Attention to detail, strong organizational skills, and proficiency in accounting software are essential for success in this role.

Skills: Account Payable, Finance, Accounting, Invoicing, Payment Processing, Vendor Management
Job industry: Finance

How much does Account Payable Specialist make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Account Payable Specialist a well paid job?

No, our data shows that Account Payable Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Account Payable Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Account Payable Specialist?

High salary for Account Payable Specialist would be somewhere between 3,315,541 NGN and 4,370,486 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Account Payable Specialist in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 3,014,128 NGN
Estimated Monthly Salary: 251,177 NGN
Estimated Weekly Salary: 57,964 NGN per week
Estimated Hourly Salary: 1,449 NGN per hour
By working as Account Payable Specialist a person can save up to 94 USD per month or 1,123 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Account Payable Specialist

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Nigeria

Data as of 2025

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