Home > Salary > Nigeria > Inventory Management Director
The occupation of an Inventory Management Director involves overseeing and managing the inventory control processes within an organization. They are responsible for developing and implementing inventory management strategies to optimize stock levels, minimize costs, and maximize efficiency. The director collaborates with various departments, such as purchasing, sales, and logistics, to ensure accurate forecasting and planning of inventory needs. They monitor inventory levels, track product movement, and analyze data to identify trends and make informed decisions. Additionally, the Inventory Management Director is responsible for implementing inventory control systems, training staff on best practices, and ensuring compliance with company policies and industry regulations.
Estimated Yearly Salary: 12,196,450 NGN
Estimated Monthly Salary: 1,016,371 NGN
Estimated Weekly Salary: 234,547 NGN per week
Estimated Hourly Salary: 5,864 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 979,722 NGN
Estimated Weekly Salary: 226,090 NGN per week
Estimated Hourly Salary: 5,652 NGN per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 14,510 USD
Estimated Monthly Salary: 1,209 USD
Estimated Weekly Salary: 279 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 12,196,450 NGN
Estimated Monthly Salary: 1,016,371 NGN
Estimated Weekly Salary: 234,547 NGN per week
Estimated Hourly Salary: 5,864 NGN per hour
By working as Inventory Management Director a person can save up to 1,004 USD per month or 12,043 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 Inventory Management Director
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Inventory Management Director salary in Nigeria
Average Yearly Salary of Inventory Management Director in Nigeria is approximately 12,196,450 NGN (14,510 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 Inventory Management Director do?
The occupation of an Inventory Management Director involves overseeing and managing the inventory control processes within an organization. They are responsible for developing and implementing inventory management strategies to optimize stock levels, minimize costs, and maximize efficiency. The director collaborates with various departments, such as purchasing, sales, and logistics, to ensure accurate forecasting and planning of inventory needs. They monitor inventory levels, track product movement, and analyze data to identify trends and make informed decisions. Additionally, the Inventory Management Director is responsible for implementing inventory control systems, training staff on best practices, and ensuring compliance with company policies and industry regulations.
Skills: Inventory Management, Supply Chain Management, Logistics, Forecasting, Cost Optimization, Inventory Control
Job industry: Supply chain management
Job industry: Supply chain management
How much does Inventory Management Director make?
Salary details
How much does Inventory Management Director make?Estimated Yearly Salary: 12,196,450 NGN
Estimated Monthly Salary: 1,016,371 NGN
Estimated Weekly Salary: 234,547 NGN per week
Estimated Hourly Salary: 5,864 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,756,668 NGNEstimated Monthly Salary: 979,722 NGN
Estimated Weekly Salary: 226,090 NGN per week
Estimated Hourly Salary: 5,652 NGN per hour
Last revision of data: 2024-01-03Inventory Management Director estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 14,510 USD
Estimated Monthly Salary: 1,209 USD
Estimated Weekly Salary: 279 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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 Inventory Management Director job salary compared to average salary in Nigeria.
Comparison shows that a person working as Inventory Management Director in Nigeria earns on average:
3.09 times the average salary (or 309% 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 Inventory Management Director job salary compared to average salary in Nigeria.
Comparison shows that a person working as Inventory Management Director in Nigeria earns on average:
3.09 times the average salary (or 309% of average salary).
Is Inventory Management Director a well paid job?
Yes, our data show that Inventory Management Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Inventory Management Director?
High salary for Inventory Management Director would be somewhere between 13,416,095 NGN and 17,684,853 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Inventory Management Director 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: 12,196,450 NGN
Estimated Monthly Salary: 1,016,371 NGN
Estimated Weekly Salary: 234,547 NGN per week
Estimated Hourly Salary: 5,864 NGN per hour
By working as Inventory Management Director a person can save up to 1,004 USD per month or 12,043 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 Inventory Management Director
Cameroon is 4,691 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:
Emergency medical services (ems), director (5,479,980 NGN per year, pre-tax.)
Weigher (2,575,716 NGN per year, pre-tax.)
Sfdc developer (5,876,674 NGN per year, pre-tax.)
General manager golf course (4,101,932 NGN per year, pre-tax.)
Retail sales assistant (1,735,610 NGN per year, pre-tax.)
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