Senior Economist salary in Nigeria

Average Yearly Salary of Senior Economist in Nigeria is approximately 10,242,961 NGN (12,268 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 Senior Economist do?

A senior economist is a highly skilled professional who analyzes economic data, conducts research, and provides expert advice on economic issues. They are responsible for studying market trends, forecasting economic conditions, and assessing the impact of policies and regulations on various sectors. Senior economists often work in government agencies, research institutions, or consulting firms, where they play a crucial role in shaping economic policies and strategies. Their job involves collecting and interpreting economic data, developing economic models and theories, and presenting findings to stakeholders and decision-makers. They may also be involved in conducting cost-benefit analyses, evaluating the effectiveness of economic policies, and providing recommendations for improvement. Strong analytical skills, proficiency in statistical analysis software, and a deep understanding of economic theories and principles are essential for this role.

Skills: Senior Economist, Economic Analysis, Research, Economic Policy, Forecasting, Economic Modeling
Job industry: Finance and economics

How much does Senior Economist make?

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


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Salary comparison to National average

Is Senior Economist a well paid job?

Yes, our data show that Senior Economist 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 Senior Economist?

High salary for Senior Economist would be somewhere between 11,267,257 NGN and 14,852,293 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Economist 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: 10,242,961 NGN
Estimated Monthly Salary: 853,580 NGN
Estimated Weekly Salary: 196,980 NGN per week
Estimated Hourly Salary: 4,925 NGN per hour
By working as Senior Economist a person can save up to 817 USD per month or 9,801 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 Senior Economist

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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