Home > Salary > Nigeria > Chief Lending Officer
A Chief Lending Officer (CLO) is a high-level executive responsible for overseeing and managing the lending activities of a financial institution. They play a critical role in developing and implementing lending strategies to maximize profitability while minimizing risk. The CLO is responsible for setting lending policies, evaluating loan applications, managing loan portfolios, and ensuring compliance with regulatory requirements. They collaborate with other departments such as credit analysis, underwriting, and collections to ensure efficient loan processing and optimal customer service. Additionally, the CLO monitors market trends, assesses economic conditions, and makes recommendations for adjustments to lending practices. Strong leadership skills, extensive knowledge of lending principles and regulations, and the ability to analyze financial data are essential for success in this role.
Estimated Yearly Salary: 11,300,038 NGN
Estimated Monthly Salary: 941,670 NGN
Estimated Weekly Salary: 217,308 NGN per week
Estimated Hourly Salary: 5,433 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 913,330 NGN
Estimated Weekly Salary: 210,768 NGN per week
Estimated Hourly Salary: 5,269 NGN per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 13,547 USD
Estimated Monthly Salary: 1,129 USD
Estimated Weekly Salary: 261 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 11,300,038 NGN
Estimated Monthly Salary: 941,670 NGN
Estimated Weekly Salary: 217,308 NGN per week
Estimated Hourly Salary: 5,433 NGN per hour
By working as Chief Lending Officer a person can save up to 923 USD per month or 11,080 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 Chief Lending Officer
Last revision of data: 2025-01-04
Data as of 2025
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Chief Lending Officer salary in Nigeria
Average Yearly Salary of Chief Lending Officer in Nigeria is approximately 11,300,038 NGN (13,547 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 Lending Officer do?
A Chief Lending Officer (CLO) is a high-level executive responsible for overseeing and managing the lending activities of a financial institution. They play a critical role in developing and implementing lending strategies to maximize profitability while minimizing risk. The CLO is responsible for setting lending policies, evaluating loan applications, managing loan portfolios, and ensuring compliance with regulatory requirements. They collaborate with other departments such as credit analysis, underwriting, and collections to ensure efficient loan processing and optimal customer service. Additionally, the CLO monitors market trends, assesses economic conditions, and makes recommendations for adjustments to lending practices. Strong leadership skills, extensive knowledge of lending principles and regulations, and the ability to analyze financial data are essential for success in this role.
Skills: Chief Lending Officer, CLO, lending strategies, risk management, loan portfolio management, regulatory compliance, credit analysis, loan processing
Job industry: Banking
Job industry: Banking
How much does Chief Lending Officer make?
Salary details
How much does Chief Lending Officer make?Estimated Yearly Salary: 11,300,038 NGN
Estimated Monthly Salary: 941,670 NGN
Estimated Weekly Salary: 217,308 NGN per week
Estimated Hourly Salary: 5,433 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,959,960 NGNEstimated Monthly Salary: 913,330 NGN
Estimated Weekly Salary: 210,768 NGN per week
Estimated Hourly Salary: 5,269 NGN per hour
Last revision of data: 2024-01-02Chief Lending Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 13,547 USD
Estimated Monthly Salary: 1,129 USD
Estimated Weekly Salary: 261 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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 Chief Lending Officer job salary compared to average salary in Nigeria.
Comparison shows that a person working as Chief Lending Officer in Nigeria earns on average:
2.87 times the average salary (or 287% 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 Chief Lending Officer job salary compared to average salary in Nigeria.
Comparison shows that a person working as Chief Lending Officer in Nigeria earns on average:
2.87 times the average salary (or 287% of average salary).
Is Chief Lending Officer a well paid job?
Yes, our data show that Chief Lending Officer 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 Lending Officer?
High salary for Chief Lending Officer would be somewhere between 12,430,042 NGN and 16,385,055 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Chief Lending Officer 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: 11,300,038 NGN
Estimated Monthly Salary: 941,670 NGN
Estimated Weekly Salary: 217,308 NGN per week
Estimated Hourly Salary: 5,433 NGN per hour
By working as Chief Lending Officer a person can save up to 923 USD per month or 11,080 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 Lending Officer
Cameroon is 4,394 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.)
2. Cardiologist
(37,279,896 NGN per year, pre-tax.)
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4. Neurosurgeon
(35,033,176 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
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Hospitalist nocturnist (10,070,456 NGN per year, pre-tax.)
Gas appliance servicer (2,543,771 NGN per year, pre-tax.)
Crisis counselor (2,602,648 NGN per year, pre-tax.)
Project development director (8,614,134 NGN per year, pre-tax.)
Lab technician 3 (3,338,113 NGN per year, pre-tax.)
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