Cost Accounting Manager salary in Nigeria

Average Yearly Salary of Cost Accounting Manager in Nigeria is approximately 7,798,753 NGN (9,354 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 Cost Accounting Manager do?

A cost accounting manager is responsible for overseeing and managing the cost accounting function within an organization. They analyze and interpret financial data to determine manufacturing costs, product profitability, and budget variances. Their main role is to ensure accurate cost allocation, control expenses, and provide timely and reliable cost information for decision-making purposes. They collaborate with cross-functional teams to develop and implement cost-saving strategies, identify areas for improvement, and optimize operational efficiency. Additionally, they prepare and present financial reports, conduct cost audits, and assist in budgeting and forecasting processes. The key skills required for this role include strong analytical and problem-solving abilities, proficiency in cost accounting principles and techniques, knowledge of relevant software and tools, attention to detail, and effective communication skills.

Skills: Cost Accounting, Financial Analysis, Budgeting, Cost Allocation, Operational Efficiency, Decision-making.
Job industry: Manufacturing

How much does Cost Accounting Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Cost Accounting Manager a well paid job?

Yes, our data shows that Cost Accounting 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 Cost Accounting Manager?

High salary for Cost Accounting Manager would be somewhere between 8,578,628 NGN and 11,308,192 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Cost Accounting 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: 7,798,753 NGN
Estimated Monthly Salary: 649,896 NGN
Estimated Weekly Salary: 149,976 NGN per week
Estimated Hourly Salary: 3,749 NGN per hour
By working as Cost Accounting Manager a person can save up to 574 USD per month or 6,887 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 Cost Accounting Manager

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.

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Data as of 2025

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