Home > Salary > Nigeria > Small Business Owner
A small business owner is an individual who operates and manages a business on a small scale. They are responsible for all aspects of the business, including planning, organizing, and overseeing daily operations. This occupation requires a diverse skill set as small business owners often wear multiple hats and handle various tasks such as marketing, finance, human resources, and customer service. They must possess strong leadership and decision-making skills to effectively manage their team and make strategic business decisions. Small business owners must also be adaptable and able to navigate challenges and uncertainties that arise in the dynamic business environment. Overall, this occupation demands a high level of dedication, hard work, and entrepreneurial spirit.
Estimated Yearly Salary: 5,176,676 NGN
Estimated Monthly Salary: 431,390 NGN
Estimated Weekly Salary: 99,551 NGN per week
Estimated Hourly Salary: 2,489 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 417,652 NGN
Estimated Weekly Salary: 96,381 NGN per week
Estimated Hourly Salary: 2,410 NGN per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 6,192 USD
Estimated Monthly Salary: 516 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 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: 5,176,676 NGN
Estimated Monthly Salary: 431,390 NGN
Estimated Weekly Salary: 99,551 NGN per week
Estimated Hourly Salary: 2,489 NGN per hour
By working as Small Business Owner a person can save up to 310 USD per month or 3,725 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 Small Business Owner
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Rcm analyst (5,360,463 NGN per year, pre-tax.)
Client service executive (7,692,120 NGN per year, pre-tax.)
Project controller information technology (it) (6,520,193 NGN per year, pre-tax.)
Office service clerk (2,230,546 NGN per year, pre-tax.)
Vice principal high school (7,676,853 NGN per year, pre-tax.)
Small Business Owner salary in Nigeria
Average Yearly Salary of Small Business Owner in Nigeria is approximately 5,176,676 NGN (6,192 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 Small Business Owner do?
A small business owner is an individual who operates and manages a business on a small scale. They are responsible for all aspects of the business, including planning, organizing, and overseeing daily operations. This occupation requires a diverse skill set as small business owners often wear multiple hats and handle various tasks such as marketing, finance, human resources, and customer service. They must possess strong leadership and decision-making skills to effectively manage their team and make strategic business decisions. Small business owners must also be adaptable and able to navigate challenges and uncertainties that arise in the dynamic business environment. Overall, this occupation demands a high level of dedication, hard work, and entrepreneurial spirit.
Skills: Small Business Owner, Entrepreneur, Manager, Leadership, Decision-making, Adaptability
Job industry: Entrepreneurship
Job industry: Entrepreneurship
How much does Small Business Owner make?
Salary details
How much does Small Business Owner make?Estimated Yearly Salary: 5,176,676 NGN
Estimated Monthly Salary: 431,390 NGN
Estimated Weekly Salary: 99,551 NGN per week
Estimated Hourly Salary: 2,489 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,011,820 NGNEstimated Monthly Salary: 417,652 NGN
Estimated Weekly Salary: 96,381 NGN per week
Estimated Hourly Salary: 2,410 NGN per hour
Last revision of data: 2024-01-08Small Business Owner estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,192 USD
Estimated Monthly Salary: 516 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 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
Please type in your occupation and select desired country to see latest trends in salaries.
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 Small Business Owner job salary compared to average salary in Nigeria.
Comparison shows that a person working as Small Business Owner in Nigeria earns on average:
1.31 times the average salary (or 131% 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 Small Business Owner job salary compared to average salary in Nigeria.
Comparison shows that a person working as Small Business Owner in Nigeria earns on average:
1.31 times the average salary (or 131% of average salary).
Is Small Business Owner a well paid job?
Yes, our data shows that Small Business Owner 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 Small Business Owner?
High salary for Small Business Owner would be somewhere between 5,694,344 NGN and 7,506,180 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Small Business Owner 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: 5,176,676 NGN
Estimated Monthly Salary: 431,390 NGN
Estimated Weekly Salary: 99,551 NGN per week
Estimated Hourly Salary: 2,489 NGN per hour
By working as Small Business Owner a person can save up to 310 USD per month or 3,725 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 Small Business Owner
Cameroon is 1,997 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:
Rcm analyst (5,360,463 NGN per year, pre-tax.)
Client service executive (7,692,120 NGN per year, pre-tax.)
Project controller information technology (it) (6,520,193 NGN per year, pre-tax.)
Office service clerk (2,230,546 NGN per year, pre-tax.)
Vice principal high school (7,676,853 NGN per year, pre-tax.)
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