Credit Administrator salary in Nigeria

Average Yearly Salary of Credit Administrator in Nigeria is approximately 5,090,260 NGN (6,103 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 Credit Administrator do?

A credit administrator is responsible for managing and overseeing the credit and lending activities of an organization. They play a crucial role in evaluating and analyzing credit applications, assessing the creditworthiness of customers, and determining appropriate credit limits. Additionally, credit administrators monitor and review credit accounts to ensure compliance with company policies and procedures, as well as industry regulations. They also handle collections and manage delinquent accounts, working closely with customers to develop repayment plans and resolve any issues. Strong analytical skills, attention to detail, and knowledge of financial principles are essential for this role. Effective communication and negotiation skills are also important for building relationships with customers and collaborating with internal teams. Overall, credit administrators play a vital role in maintaining the financial health of an organization by managing credit risks and ensuring timely payments.

Skills: credit management, financial analysis, risk assessment, creditworthiness evaluation, collections management, customer relationship management
Job industry: Finance

How much does Credit Administrator make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Credit Administrator a well paid job?

Yes, our data shows that Credit Administrator 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 Credit Administrator?

High salary for Credit Administrator would be somewhere between 5,599,286 NGN and 7,380,877 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Credit Administrator 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: 5,090,260 NGN
Estimated Monthly Salary: 424,188 NGN
Estimated Weekly Salary: 97,890 NGN per week
Estimated Hourly Salary: 2,447 NGN per hour
By working as Credit Administrator a person can save up to 303 USD per month or 3,636 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 Credit Administrator

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

Random salary:
Senior engineering manager (9,200,154 NGN per year, pre-tax.)
Computer aided design (cad), technician (3,231,976 NGN per year, pre-tax.)
Cable engineer (6,073,628 NGN per year, pre-tax.)
Senior quality assurance (qa), test automation engineer (6,783,611 NGN per year, pre-tax.)
Reimbursement specialist (2,602,648 NGN per year, pre-tax.)

Feedback about these results