Home > Salary > Nigeria > Financial Administrator
A financial administrator is responsible for managing the financial operations of an organization. They handle various tasks related to budgeting, financial planning, and record-keeping. Their role involves analyzing financial data, preparing financial reports, and ensuring compliance with financial regulations. They also oversee payroll and accounts payable/receivable functions, monitor cash flow, and make recommendations for improving financial efficiency. Additionally, financial administrators may assist in the development of financial policies and procedures, manage investments, and provide financial advice to management.
Estimated Yearly Salary: 4,202,087 NGN
Estimated Monthly Salary: 350,174 NGN
Estimated Weekly Salary: 80,809 NGN per week
Estimated Hourly Salary: 2,020 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 339,555 NGN
Estimated Weekly Salary: 78,359 NGN per week
Estimated Hourly Salary: 1,959 NGN per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 5,058 USD
Estimated Monthly Salary: 422 USD
Estimated Weekly Salary: 97 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 4,202,087 NGN
Estimated Monthly Salary: 350,174 NGN
Estimated Weekly Salary: 80,809 NGN per week
Estimated Hourly Salary: 2,020 NGN per hour
By working as Financial Administrator a person can save up to 216 USD per month or 2,591 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.
Estimated Yearly Salary for Financial Administrator
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Real estate salesperson (3,887,400 NGN per year, pre-tax.)
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Prepress technician or worker (2,404,786 NGN per year, pre-tax.)
Data manager (5,526,796 NGN per year, pre-tax.)
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Financial Administrator salary in Nigeria
Average Yearly Salary of Financial Administrator in Nigeria is approximately 4,202,087 NGN (5,058 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 Financial Administrator do?
A financial administrator is responsible for managing the financial operations of an organization. They handle various tasks related to budgeting, financial planning, and record-keeping. Their role involves analyzing financial data, preparing financial reports, and ensuring compliance with financial regulations. They also oversee payroll and accounts payable/receivable functions, monitor cash flow, and make recommendations for improving financial efficiency. Additionally, financial administrators may assist in the development of financial policies and procedures, manage investments, and provide financial advice to management.
Skills: Financial administration, Budgeting, Financial planning, Record-keeping, Compliance, Cash flow management
Job industry: Finance
Job industry: Finance
How much does Financial Administrator make?
Salary details
How much does Financial Administrator make?Estimated Yearly Salary: 4,202,087 NGN
Estimated Monthly Salary: 350,174 NGN
Estimated Weekly Salary: 80,809 NGN per week
Estimated Hourly Salary: 2,020 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 4,074,664 NGNEstimated Monthly Salary: 339,555 NGN
Estimated Weekly Salary: 78,359 NGN per week
Estimated Hourly Salary: 1,959 NGN per hour
Last revision of data: 2024-01-05Financial Administrator estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,058 USD
Estimated Monthly Salary: 422 USD
Estimated Weekly Salary: 97 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Financial Administrator job salary compared to average salary in Nigeria.
Comparison shows that a person working as Financial Administrator in Nigeria earns on average:
1.07 times the average salary (or 107% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Financial Administrator job salary compared to average salary in Nigeria.
Comparison shows that a person working as Financial Administrator in Nigeria earns on average:
1.07 times the average salary (or 107% of average salary).
Is Financial Administrator a well paid job?
Yes, our data show that Financial Administrator is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Financial Administrator?
High salary for Financial Administrator would be somewhere between 4,622,296 NGN and 6,093,026 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial 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: 4,202,087 NGN
Estimated Monthly Salary: 350,174 NGN
Estimated Weekly Salary: 80,809 NGN per week
Estimated Hourly Salary: 2,020 NGN per hour
By working as Financial Administrator a person can save up to 216 USD per month or 2,591 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 Financial Administrator
Cameroon is 1,632 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Nigeria
(44,763,887 NGN per year, pre-tax.)
2. Cardiologist
(37,279,896 NGN per year, pre-tax.)
(36,135,019 NGN per year, pre-tax.)
4. Neurosurgeon
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
(34,162,253 NGN per year, pre-tax.)
(34,132,586 NGN per year, pre-tax.)
10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Real estate salesperson (3,887,400 NGN per year, pre-tax.)
Restaurant manager casual dining (4,373,719 NGN per year, pre-tax.)
Prepress technician or worker (2,404,786 NGN per year, pre-tax.)
Data manager (5,526,796 NGN per year, pre-tax.)
Payroll analyst (4,965,004 NGN per year, pre-tax.)
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