Product Development Director salary in Nigeria

Average Yearly Salary of Product Development Director in Nigeria is approximately 10,285,276 NGN (12,264 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 Product Development Director do?

A Product Development Director is responsible for overseeing the entire lifecycle of a product, from its conceptualization to its launch. They lead a team of professionals in developing and implementing strategies to bring innovative products to market, ensuring they meet customer needs and align with company goals. This role involves conducting market research, identifying trends, and analyzing consumer insights to drive product development decisions. The Product Development Director collaborates with cross-functional teams, including design, engineering, marketing, and sales, to ensure the successful execution of product plans. They also manage budgets, timelines, and resources, while monitoring project progress and making necessary adjustments. A strong focus on product quality, competitive analysis, and staying up-to-date with industry advancements is crucial. The ultimate goal is to deliver high-quality products that generate revenue and maintain a competitive edge in the market.

Skills: Product Development, Innovation, Market Research, Project Management, Cross-functional Collaboration, Competitive Analysis
Job industry: Manufacturing

How much does Product Development 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 Product Development Director a well paid job?

Yes, our data show that Product Development 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 Product Development Director?

High salary for Product Development Director would be somewhere between 11,313,804 NGN and 14,913,650 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development 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: 10,285,276 NGN
Estimated Monthly Salary: 857,106 NGN
Estimated Weekly Salary: 197,794 NGN per week
Estimated Hourly Salary: 4,945 NGN per hour
By working as Product Development Director a person can save up to 816 USD per month or 9,797 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 Product Development 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.

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Data as of 2025

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