Managing Director salary in Nigeria

Average Yearly Salary of Managing Director in Nigeria is approximately 12,971,389 NGN (15,540 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 Managing Director do?

A Managing Director is a high-level executive responsible for overseeing the operations and strategic direction of a company. They are typically appointed by the board of directors and play a crucial role in setting organizational goals, implementing policies, and ensuring the overall success of the business. The Managing Director leads and manages a team of senior executives, providing guidance and support to achieve financial targets, operational efficiency, and market growth. They are also responsible for building and maintaining relationships with key stakeholders such as clients, investors, and government authorities. This position requires strong leadership skills, business acumen, and the ability to make critical decisions that impact the company's performance and reputation.

Skills: Managing Director, Executive Leadership, Strategic Management, Operational Efficiency, Financial Targets, Stakeholder Relations
Job industry: Business

How much does Managing Director make?

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


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Salary comparison to National average

Is Managing Director a well paid job?

Yes, our data show that Managing 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 Managing Director?

High salary for Managing Director would be somewhere between 14,268,528 NGN and 18,808,514 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Managing 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: 12,971,389 NGN
Estimated Monthly Salary: 1,080,949 NGN
Estimated Weekly Salary: 249,450 NGN per week
Estimated Hourly Salary: 6,236 NGN per hour
By working as Managing Director a person can save up to 1,089 USD per month or 13,073 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 Managing Director

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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