Economist salary in Nigeria

Average Yearly Salary of Economist in Nigeria is approximately 6,732,712 NGN (8,050 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 Economist do?

An economist is a professional who studies and analyzes the production, distribution, and consumption of goods and services. They examine economic data, trends, and indicators to understand and predict the behavior of markets, industries, and economies. Economists use various mathematical and statistical models to conduct research and provide insights into important economic issues such as inflation, unemployment, fiscal policies, and international trade. Their work involves conducting surveys, collecting and analyzing data, preparing reports, and making recommendations to governments, businesses, and organizations. Economists also evaluate the impact of policies and regulations on the economy and suggest strategies for improving efficiency and productivity.

Skills: Economist, Economic analysis, Market research, Policy evaluation, Data analysis, Economic forecasting
Job industry: Publishing

How much does Economist make?

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


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Salary comparison to National average

Is Economist a well paid job?

Yes, our data shows that Economist 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 Economist?

High salary for Economist would be somewhere between 7,405,983 NGN and 9,762,432 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Economist 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: 6,732,712 NGN
Estimated Monthly Salary: 561,059 NGN
Estimated Weekly Salary: 129,475 NGN per week
Estimated Hourly Salary: 3,237 NGN per hour
By working as Economist a person can save up to 465 USD per month or 5,583 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 Economist

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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