Economic Consultant salary in Nigeria

Average Yearly Salary of Economic Consultant in Nigeria is approximately 6,535,795 NGN (7,810 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 Economic Consultant do?

An economic consultant is a professional who provides expert advice and analysis on economic issues to businesses, organizations, or governments. They help clients understand and navigate the complexities of the economy, identify opportunities for growth, and mitigate risks. Economic consultants conduct research, collect and analyze data, develop models and forecasts, and provide recommendations based on their findings. They may also assist in policy development, market analysis, cost-benefit analysis, and strategic planning. Their expertise spans various areas such as macroeconomics, microeconomics, finance, statistics, and econometrics. Economic consultants work closely with clients to assess their needs, provide tailored solutions, and communicate their findings effectively.

Skills: economic consultant, economic analysis, business advisory, data analysis, forecasting, policy development
Job industry: Consulting

How much does Economic Consultant make?

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


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Salary comparison to National average

Is Economic Consultant a well paid job?

Yes, our data shows that Economic Consultant 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 Economic Consultant?

High salary for Economic Consultant would be somewhere between 7,189,375 NGN and 9,476,903 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Economic Consultant 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: 6,535,795 NGN
Estimated Monthly Salary: 544,650 NGN
Estimated Weekly Salary: 125,688 NGN per week
Estimated Hourly Salary: 3,142 NGN per hour
By working as Economic Consultant a person can save up to 445 USD per month or 5,343 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 Economic Consultant

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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