Home > Salary > Nigeria > Risk Manager
A risk manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization's operations, financial stability, or reputation. They analyze data, conduct risk assessments, and develop strategies to minimize risks and ensure business continuity. Risk managers work closely with various departments within an organization to implement risk management policies, procedures, and best practices. They also monitor industry trends and regulatory changes to anticipate and address emerging risks.
Estimated Yearly Salary: 7,634,925 NGN
Estimated Monthly Salary: 636,244 NGN
Estimated Weekly Salary: 146,825 NGN per week
Estimated Hourly Salary: 3,671 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 616,689 NGN
Estimated Weekly Salary: 142,313 NGN per week
Estimated Hourly Salary: 3,558 NGN per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 9,141 USD
Estimated Monthly Salary: 762 USD
Estimated Weekly Salary: 176 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 7,634,925 NGN
Estimated Monthly Salary: 636,244 NGN
Estimated Weekly Salary: 146,825 NGN per week
Estimated Hourly Salary: 3,671 NGN per hour
By working as Risk Manager a person can save up to 556 USD per month or 6,674 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 Risk Manager
Last revision of data: 2025-01-04
Data as of 2025
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Risk Manager salary in Nigeria
Average Yearly Salary of Risk Manager in Nigeria is approximately 7,634,925 NGN (9,141 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 Risk Manager do?
A risk manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization's operations, financial stability, or reputation. They analyze data, conduct risk assessments, and develop strategies to minimize risks and ensure business continuity. Risk managers work closely with various departments within an organization to implement risk management policies, procedures, and best practices. They also monitor industry trends and regulatory changes to anticipate and address emerging risks.
Skills: Risk management, Risk assessment, Data analysis, Business continuity, Regulatory compliance, Risk mitigation
Job industry: Finance
Job industry: Finance
How much does Risk Manager make?
Salary details
How much does Risk Manager make?Estimated Yearly Salary: 7,634,925 NGN
Estimated Monthly Salary: 636,244 NGN
Estimated Weekly Salary: 146,825 NGN per week
Estimated Hourly Salary: 3,671 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,400,272 NGNEstimated Monthly Salary: 616,689 NGN
Estimated Weekly Salary: 142,313 NGN per week
Estimated Hourly Salary: 3,558 NGN per hour
Last revision of data: 2024-01-07Risk Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,141 USD
Estimated Monthly Salary: 762 USD
Estimated Weekly Salary: 176 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
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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 Risk Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Risk Manager in Nigeria earns on average:
1.94 times the average salary (or 194% 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 Risk Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Risk Manager in Nigeria earns on average:
1.94 times the average salary (or 194% of average salary).
Is Risk Manager a well paid job?
Yes, our data shows that Risk 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 Risk Manager?
High salary for Risk Manager would be somewhere between 8,398,418 NGN and 11,070,641 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk 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: 7,634,925 NGN
Estimated Monthly Salary: 636,244 NGN
Estimated Weekly Salary: 146,825 NGN per week
Estimated Hourly Salary: 3,671 NGN per hour
By working as Risk Manager a person can save up to 556 USD per month or 6,674 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 Risk Manager
Cameroon is 2,967 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:
Nanotechnology engineer (7,821,616 NGN per year, pre-tax.)
Account manager 3 (3,519,381 NGN per year, pre-tax.)
Asic physical design engineer (9,226,932 NGN per year, pre-tax.)
Insurance verifier (2,806,165 NGN per year, pre-tax.)
National sales coordinator (2,473,940 NGN per year, pre-tax.)
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Please note:The salary figures presented here are intended for reference purposes only.
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optisalary.com presents salary data for informational purposes exclusively. We attempt to provide accurate figures, but do not assure their precision. Users are encouraged to consult alternative platforms before making financial decisions. Salary ranges can vary due to geographic location, experience, and industry trends. We assume no responsibility for inconsistencies in the salary data provided. Your engagement with this site indicates agreement of this policy.