Finance Officer salary in Nigeria

Average Yearly Salary of Finance Officer in Nigeria is approximately 5,237,365 NGN (6,274 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 Finance Officer do?

A finance officer is responsible for managing the financial operations of an organization. They handle various tasks related to budgeting, financial planning, monitoring cash flow, preparing financial reports, and ensuring compliance with financial regulations. Finance officers analyze financial data, identify trends and patterns, and provide recommendations to improve the financial performance of the organization. They work closely with other departments to develop budgets, track expenses, and make strategic financial decisions. Attention to detail, strong analytical skills, and a good understanding of financial principles are essential in this role. Additionally, finance officers must have excellent communication and interpersonal skills to effectively collaborate with colleagues and stakeholders.

Skills: finance officer, financial management, budgeting, financial reporting, cash flow management, financial analysis
Job industry: Finance

How much does Finance Officer make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Finance Officer a well paid job?

Yes, our data shows that Finance Officer 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 Finance Officer?

High salary for Finance Officer would be somewhere between 5,761,102 NGN and 7,594,179 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Finance 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: 5,237,365 NGN
Estimated Monthly Salary: 436,447 NGN
Estimated Weekly Salary: 100,719 NGN per week
Estimated Hourly Salary: 2,518 NGN per hour
By working as Finance Officer a person can save up to 317 USD per month or 3,807 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 Finance Officer

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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