Chief Executive salary in Nigeria

Average Yearly Salary of Chief Executive in Nigeria is approximately 15,776,136 NGN (18,808 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 Chief Executive do?

The Chief Executive Officer (CEO) is the highest-ranking executive in an organization, responsible for making major corporate decisions, managing overall operations, and ensuring the company's success. They provide leadership, set strategic goals, and establish policies to drive growth and profitability. The CEO works closely with other executives, stakeholders, and board members to develop and implement business strategies, allocate resources, and monitor performance. They play a crucial role in representing the company to external stakeholders, including investors, clients, and the public.

Skills: CEO, executive leadership, strategic management, decision-making, corporate governance, organizational growth
Job industry: Business

How much does Chief Executive make?

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


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Salary comparison to National average

Is Chief Executive a well paid job?

Yes, our data show that Chief Executive 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 Chief Executive?

High salary for Chief Executive would be somewhere between 17,353,750 NGN and 22,875,397 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Chief 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: 15,776,136 NGN
Estimated Monthly Salary: 1,314,678 NGN
Estimated Weekly Salary: 303,387 NGN per week
Estimated Hourly Salary: 7,585 NGN per hour
By working as Chief Executive a person can save up to 1,362 USD per month or 16,341 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 Chief Executive

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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