Funding Specialist salary in Nigeria

Average Yearly Salary of Funding Specialist in Nigeria is approximately 2,811,005 NGN (3,358 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 Funding Specialist do?

A funding specialist is a professional who specializes in securing financial resources for individuals, organizations, or projects. They work closely with clients to understand their financial needs and objectives, and then identify potential funding sources such as grants, loans, or investment opportunities. The occupation requires strong analytical and research skills to assess the viability of different funding options and determine the most appropriate ones for each client. Funding specialists also assist in preparing funding applications, developing business plans, and presenting proposals to potential funders. They may work in various industries including nonprofit organizations, government agencies, or financial institutions.

Skills: Funding specialist, Financial resources, Grants, Loans, Investment opportunities, Funding applications.
Job industry: Finance

How much does Funding Specialist make?

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


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Salary comparison to National average

Is Funding Specialist a well paid job?

No, our data shows that Funding Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Funding Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Funding Specialist?

High salary for Funding Specialist would be somewhere between 3,092,106 NGN and 4,075,957 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Funding Specialist 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: 2,811,005 NGN
Estimated Monthly Salary: 234,250 NGN
Estimated Weekly Salary: 54,058 NGN per week
Estimated Hourly Salary: 1,351 NGN per hour
By working as Funding Specialist a person can save up to 74 USD per month or 891 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 Funding Specialist

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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Data as of 2025

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