Home > Salary > Nigeria > Business Development Executive
A Business Development Executive is responsible for identifying and creating new business opportunities to drive growth and revenue for an organization. They analyze market trends, research potential clients, and develop strategies to expand the company's customer base. They also build and maintain relationships with key stakeholders, negotiate contracts, and collaborate with internal teams to ensure successful implementation of business initiatives. Additionally, they stay updated on industry developments, competitor activities, and emerging market trends to identify potential threats or opportunities.
Estimated Yearly Salary: 6,740,152 NGN
Estimated Monthly Salary: 561,679 NGN
Estimated Weekly Salary: 129,618 NGN per week
Estimated Hourly Salary: 3,240 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 542,564 NGN
Estimated Weekly Salary: 125,207 NGN per week
Estimated Hourly Salary: 3,130 NGN per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 8,046 USD
Estimated Monthly Salary: 671 USD
Estimated Weekly Salary: 155 USD per week
Estimated Hourly Salary: 4 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: 6,740,152 NGN
Estimated Monthly Salary: 561,679 NGN
Estimated Weekly Salary: 129,618 NGN per week
Estimated Hourly Salary: 3,240 NGN per hour
By working as Business Development Executive a person can save up to 465 USD per month or 5,579 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 Business Development Executive
Last revision of data: 2025-01-04
Data as of 2025
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Business Development Executive salary in Nigeria
Average Yearly Salary of Business Development Executive in Nigeria is approximately 6,740,152 NGN (8,046 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 Business Development Executive do?
A Business Development Executive is responsible for identifying and creating new business opportunities to drive growth and revenue for an organization. They analyze market trends, research potential clients, and develop strategies to expand the company's customer base. They also build and maintain relationships with key stakeholders, negotiate contracts, and collaborate with internal teams to ensure successful implementation of business initiatives. Additionally, they stay updated on industry developments, competitor activities, and emerging market trends to identify potential threats or opportunities.
Skills: Business Development, Sales, Strategy, Relationship Management, Market Analysis, Negotiation
Job industry: Sales
Job industry: Sales
How much does Business Development Executive make?
Salary details
How much does Business Development Executive make?Estimated Yearly Salary: 6,740,152 NGN
Estimated Monthly Salary: 561,679 NGN
Estimated Weekly Salary: 129,618 NGN per week
Estimated Hourly Salary: 3,240 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 6,510,768 NGNEstimated Monthly Salary: 542,564 NGN
Estimated Weekly Salary: 125,207 NGN per week
Estimated Hourly Salary: 3,130 NGN per hour
Last revision of data: 2024-01-03Business Development Executive estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,046 USD
Estimated Monthly Salary: 671 USD
Estimated Weekly Salary: 155 USD per week
Estimated Hourly Salary: 4 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 Business Development Executive job salary compared to average salary in Nigeria.
Comparison shows that a person working as Business Development Executive in Nigeria earns on average:
1.71 times the average salary (or 171% 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 Business Development Executive job salary compared to average salary in Nigeria.
Comparison shows that a person working as Business Development Executive in Nigeria earns on average:
1.71 times the average salary (or 171% of average salary).
Is Business Development Executive a well paid job?
Yes, our data shows that Business Development Executive 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 Business Development Executive?
High salary for Business Development Executive would be somewhere between 7,414,167 NGN and 9,773,220 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Development Executive 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: 6,740,152 NGN
Estimated Monthly Salary: 561,679 NGN
Estimated Weekly Salary: 129,618 NGN per week
Estimated Hourly Salary: 3,240 NGN per hour
By working as Business Development Executive a person can save up to 465 USD per month or 5,579 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 Business Development Executive
Cameroon is 2,598 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
(44,763,887 NGN per year, pre-tax.)
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7. Oncologist
(34,169,925 NGN per year, pre-tax.)
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10. Plastic surgeon
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Data as of 2025Random salary:
Specialist risk management risk control (4,390,582 NGN per year, pre-tax.)
Ipt engineer (6,886,785 NGN per year, pre-tax.)
School business manager (4,022,901 NGN per year, pre-tax.)
Field sales engineer (6,010,090 NGN per year, pre-tax.)
Chef assistant (1,853,773 NGN per year, pre-tax.)
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optisalary.com compiles salary data for educational use exclusively. While we strive to deliver correct figures, we do not ensure their full reliability. Users are highly encouraged to check with additional databases before making career-related plans. Salary amounts fluctuate based on several conditions, such as industry trends, negotiation power, and regional demand. We make no guarantees as to the validity of the provided information. Your access of this site acknowledges acceptance of this notice.