Home > Salary > Nigeria > Accounts Payable Manager
The occupation of an accounts payable manager involves overseeing and managing the accounts payable department within an organization. This role requires strong financial and analytical skills to ensure accurate and timely processing of invoices, payments, and expense reports. The accounts payable manager is responsible for maintaining vendor relationships, resolving any payment discrepancies or issues, and ensuring compliance with company policies and procedures. They also collaborate with other departments, such as purchasing and finance, to streamline processes and improve efficiency. Attention to detail, organizational skills, and the ability to work under pressure are essential in this role.
Estimated Yearly Salary: 5,430,162 NGN
Estimated Monthly Salary: 452,514 NGN
Estimated Weekly Salary: 104,426 NGN per week
Estimated Hourly Salary: 2,611 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 437,158 NGN
Estimated Weekly Salary: 100,883 NGN per week
Estimated Hourly Salary: 2,522 NGN per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 6,514 USD
Estimated Monthly Salary: 543 USD
Estimated Weekly Salary: 125 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 5,430,162 NGN
Estimated Monthly Salary: 452,514 NGN
Estimated Weekly Salary: 104,426 NGN per week
Estimated Hourly Salary: 2,611 NGN per hour
By working as Accounts Payable Manager a person can save up to 337 USD per month or 4,047 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.
Estimated Yearly Salary for Accounts Payable Manager
Last revision of data: 2025-01-04
Data as of 2025
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Accounts Payable Manager salary in Nigeria
Average Yearly Salary of Accounts Payable Manager in Nigeria is approximately 5,430,162 NGN (6,514 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 Accounts Payable Manager do?
The occupation of an accounts payable manager involves overseeing and managing the accounts payable department within an organization. This role requires strong financial and analytical skills to ensure accurate and timely processing of invoices, payments, and expense reports. The accounts payable manager is responsible for maintaining vendor relationships, resolving any payment discrepancies or issues, and ensuring compliance with company policies and procedures. They also collaborate with other departments, such as purchasing and finance, to streamline processes and improve efficiency. Attention to detail, organizational skills, and the ability to work under pressure are essential in this role.
Skills: Accounts Payable, Finance, Financial Management, Vendor Management, Invoice Processing, Payment Discrepancies.
Job industry: Finance
Job industry: Finance
How much does Accounts Payable Manager make?
Salary details
How much does Accounts Payable Manager make?Estimated Yearly Salary: 5,430,162 NGN
Estimated Monthly Salary: 452,514 NGN
Estimated Weekly Salary: 104,426 NGN per week
Estimated Hourly Salary: 2,611 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,245,900 NGNEstimated Monthly Salary: 437,158 NGN
Estimated Weekly Salary: 100,883 NGN per week
Estimated Hourly Salary: 2,522 NGN per hour
Last revision of data: 2024-01-08Accounts Payable Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,514 USD
Estimated Monthly Salary: 543 USD
Estimated Weekly Salary: 125 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Accounts Payable Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Accounts Payable Manager in Nigeria earns on average:
1.38 times the average salary (or 138% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Accounts Payable Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Accounts Payable Manager in Nigeria earns on average:
1.38 times the average salary (or 138% of average salary).
Is Accounts Payable Manager a well paid job?
Yes, our data shows that Accounts Payable Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Accounts Payable Manager?
High salary for Accounts Payable Manager would be somewhere between 5,973,178 NGN and 7,873,735 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Accounts Payable Manager 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: 5,430,162 NGN
Estimated Monthly Salary: 452,514 NGN
Estimated Weekly Salary: 104,426 NGN per week
Estimated Hourly Salary: 2,611 NGN per hour
By working as Accounts Payable Manager a person can save up to 337 USD per month or 4,047 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 Accounts Payable Manager
Cameroon is 2,096 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Nigeria
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Data as of 2025Random salary:
Morgue attendant (3,528,079 NGN per year, pre-tax.)
Tax associate (3,624,467 NGN per year, pre-tax.)
Dog behaviorist (3,864,840 NGN per year, pre-tax.)
Security administrator computer network (4,007,525 NGN per year, pre-tax.)
Vacation relief operator (3,559,688 NGN per year, pre-tax.)
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