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Chairman salary in Nigeria

Average Yearly Salary of Chairman in Nigeria is approximately 18,473,842 NGN (21,954 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 Chairman do?

occupation personasThe occupation of a chairman is a senior leadership role within an organization or company. The chairman is responsible for overseeing the board of directors, ensuring that the organization's goals and objectives are met, and providing guidance and direction to the executive team. They play a crucial role in decision-making processes, setting strategic direction, and managing relationships with key stakeholders. The chairman also represents the organization externally, engaging with shareholders, government officials, and industry leaders.

Skills: Leadership, Governance, Strategic Planning, Decision-making, Stakeholder Management, Board Oversight
Job industry: Corporate governance


How much does Chairman make?

Salary details
How much does Chairman make?
Estimated Yearly Salary: 18,473,842 NGN
Estimated Monthly Salary: 1,539,487 NGN
Estimated Weekly Salary: 355,266 NGN per week
Estimated Hourly Salary: 8,882 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 17,798,440 NGN
Estimated Monthly Salary: 1,483,203 NGN
Estimated Weekly Salary: 342,278 NGN per week
Estimated Hourly Salary: 8,557 NGN per hour
Last revision of data: 2024-01-07



Chairman estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 21,954 USD
Estimated Monthly Salary: 1,830 USD
Estimated Weekly Salary: 422 USD per week
Estimated Hourly Salary: 11 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 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.

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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 Chairman job salary compared to average salary in Nigeria.
Comparison shows that a person working as Chairman in Nigeria earns on average:
4.68 times the average salary (or 468% of average salary).

Is Chairman a well paid job?

Yes, our data show that Chairman is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Chairman?

High salary for Chairman would be somewhere between 20,321,226 NGN and 26,787,071 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Chairman 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: 18,473,842 NGN
Estimated Monthly Salary: 1,539,487 NGN
Estimated Weekly Salary: 355,266 NGN per week
Estimated Hourly Salary: 8,882 NGN per hour
By working as Chairman a person can save up to 1,624 USD per month or 19,487 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 Chairman

Cameroon is 7,132 USDdown arrow 68%
Details on Chairman salary in Cameroon
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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+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

(44,763,887 NGN per year, pre-tax.)
(37,279,896 NGN per year, pre-tax.)
(36,135,019 NGN per year, pre-tax.)
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(34,175,491 NGN per year, pre-tax.)
(34,169,925 NGN per year, pre-tax.)
(34,162,253 NGN per year, pre-tax.)
(34,132,586 NGN per year, pre-tax.)
(34,129,168 NGN per year, pre-tax.)

Data as of 2025

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Please note:
The salary data presented here are meant for informational purposes only.
This website provides salary data solely for reference use. While we endeavor for accuracy, we do not guarantee the validity of all figures. Users must double-check salary details with reliable sources before making career-related plans. Salary amounts may fluctuate based on multiple factors, such as company size, negotiation tactics, and industry demand. We accept no responsibility for errors in the salary estimates provided. By using optisalary.com, you acknowledge that salary data is subject to change.
optisalary.com displays salary data exclusively for reference purposes. While we strive for correctness, we do not guarantee the precision of all figures. Users should verify salary details with reliable organizations before making financial decisions. Salary amounts may vary based on multiple elements, such as geographic location, experience, and job role. We assume no liability for errors in the pay figures provided. By accessing optisalary.com, you acknowledge that salary data is not absolute.