Inventory Purchasing Manager salary in Nigeria

Average Yearly Salary of Inventory Purchasing Manager in Nigeria is approximately 5,040,381 NGN (6,043 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 Purchasing Manager do?

An inventory purchasing manager is responsible for overseeing the procurement of goods and materials needed for a company's operations. They analyze inventory needs, monitor stock levels, and collaborate with suppliers to ensure timely delivery of products. The role involves conducting market research to identify potential suppliers, negotiating contracts, and evaluating vendor performance. Inventory purchasing managers also work closely with other departments, such as sales and production, to forecast demand and ensure adequate inventory levels are maintained. They utilize inventory management software to track inventory movement, optimize stock levels, and generate reports for management analysis. Strong analytical skills, negotiation abilities, and attention to detail are essential for this role. Overall, an inventory purchasing manager plays a crucial role in maintaining optimal inventory levels, reducing costs, and ensuring smooth operations.

Skills: inventory management, procurement, supplier collaboration, supply chain, contract negotiation, inventory optimization
Job industry: Retail

How much does Inventory Purchasing Manager make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Inventory Purchasing Manager a well paid job?

Yes, our data shows that Inventory Purchasing Manager 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 Inventory Purchasing Manager?

High salary for Inventory Purchasing Manager would be somewhere between 5,544,419 NGN and 7,308,552 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Inventory Purchasing Manager 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: 5,040,381 NGN
Estimated Monthly Salary: 420,032 NGN
Estimated Weekly Salary: 96,930 NGN per week
Estimated Hourly Salary: 2,423 NGN per hour
By working as Inventory Purchasing Manager a person can save up to 298 USD per month or 3,576 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 Purchasing Manager

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

Random salary:
Cafe general manager (5,033,899 NGN per year, pre-tax.)
National accounts sales manager (5,819,758 NGN per year, pre-tax.)
Associate staff engineer transportation (5,386,348 NGN per year, pre-tax.)
Elevator repairer (4,064,047 NGN per year, pre-tax.)
Vessel operator (4,147,188 NGN per year, pre-tax.)

Feedback about these results