What are really the highest paying jobs in Nigeria? Dynamics of the Nigerian labour market are ever-changing as tertiary institutions in the country continue to churn out a large number of graduates on a yearly basis. This creates a situation whereby the volume of job seekers far exceeds currently available jobs. Thus, Nigerian graduates — both fresh and otherwise — have to scramble to get recruited for the few available vacant positions that pay well.
Highest Paying Jobs in Nigeria
While there are a lot of jobs in the country, only a handful of them offer attractive remuneration. In this article, we explore the top 10 highest paying jobs in Nigeria this year.
10. Marketing Experts/Advertising
The value a trained and certified marketing expert or advertising professional offers a business is quite immense. In this country today, the survival of any business or brand depends largely on how effective their advertising or marketing strategy is. In the current tech age, the popularity and prowess of digital marketers have added an interesting perspective on the import of deploying sound advertising campaigns for businesses and companies.
One of the primary duties of an expert in this field is, creating an advertising campaign that’ll help achieve certain set business objective. Such an objective could be about maximizing profit or achieving the highest level of efficiency as well as effectiveness. Hence, it is crucial to get a competent advertising expert who can create extensive awareness for a business. Experts in this field earn a huge and lucrative income, since the brands they advertise for can’t realize their set objectives without their efforts. Their earning potential in Nigeria lies in the region of ₦150,000 – ₦250,000 a month, depending on the company in question.
9. Software Programmers/Ethical Hackers/IT Security Analysts
It is common knowledge that today’s world is tech-driven and is ruled by innovation. So long IT continues to be revolutionary tools for businesses and companies, these experts will never cease to be relevant. Owing to the fact that digitalization has become quite ubiquitous in this age, businesses all over the world, including Nigeria, are looking to create/maintain an online presence through offering their IT products or services for sale online.
But having an online presence is fraught with various security threats. This is where these experts come in: Ethical hackers, IT security analysts or software programmers are responsible for improving cybersecurity, maintaining the security of web & online platforms, preventing security breaches, and other IT-related issues. The salary range for these professionals lies between ₦3,000,000 to ₦5,000,000 annually. Their job requires in-depth training and great skills, and they form the core of any major company or corporation.
8. Music Artists
It’s no longer news the Nigerian music industry is rapidly joining the leagues of the top industries in one of Africa’s major economies with the highest number of young millionaire musicians. For this reason, there is a growing influx of many young people into the music sector in this country. Though the job of a musician is quite straightforward — just create and release music that entertains — the endeavour requires a great deal of talent and dedication. For this reason, only a few young Nigerians that venture into the art becomes a household name. Successful music artists are often idolized by fans and followers and are paid from ₦600,000 to ₦2 million to perform at events. Some musicians even take roles in films and make money in other ways. They are undoubtedly one of the highest-paid professionals in the country.
7. Investment Bankers
According to Investopedia, an investment banker is a professional that “often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities.” You find them in public and private corporations, where their expertise is needed in raising funds (both equity and debt) in the capital markets. Investment bankers aren’t just bankers as they are more versatile than the latter. For this reason, their monthly salary is quite huge, depending on their qualifications (certifications) and years of work experience.
6. Aeronautic Engineer and Pilots
Aeronautical engineers are charged with maintaining aircrafts technology and handling other aircraft-related matters. They are also referred to as aircraft engineers. The job of aeronautical engineer or pilot is very delicate as the safety of the nation’s aircraft, whether military or commercial, lies in their hands. Also, the lives and safety of airplane travellers depend on these experts. Hence, their take-home pay is handsome.
A lot of people may consider this quite shocking. But it shouldn’t come as a big surprise since Nigeria’s a very religious country. So, pastors are idolized and showered with gifts and money. Several leading household names in the pastoral profession own at least 1 private jet, and some even have other hugely priced properties in Nigeria and abroad. This shows this profession is one of the highest paying jobs in this country currently. A very good beginner pastor receives an annual pay of ₦5 million, and the established ones make about 9 times of that figure. Definitely one of the highest paying jobs in Nigeria.
4. Petroleum Production Engineers
Nigeria’s oil and gas sector is one of the most sought-after industries in the country by the employed, underemployed, and unemployed. For foreseeable years to come, the sector will remain an essential commodity and petrodollar will continue to be a key source of revenue for the government. Thus, Petroleum Engineers are among one of the highest paid professionals in one of the major oil-rich countries in the world. These engineers are responsible for designing, testing, and deploying means of extracting petroleum. One of the highest paying jobs in Nigeria and, thus, making them highly respected.
3. Project Managers
The work of Project Managers in a company is to plan, lead a team, and execute different projects within the organization. They work in various sectors, including oil & gas industries, Telecom, big Manufacturing firms, FCMG, banking. And they earn big pay annually.
2. Business Manager/Director
The job of the manager or director is one of the most demanding (physically and mentally) jobs nowadays. The manager of a company is responsible for the success or failure of the organization and oversee operations, production, marketing, and human resource in the company. The median salary of a director or manager in this country is around ₦20 million, annually, so they’re also rewarded for their great efforts.
This is a physician that treats injuries, diseases, as well as deformities, using surgical methods that could be invasive, minimally-invasive, or non-invasive, like the use of appliances, instruments, or by manual manipulation. A Surgeon isn’t just a doctor but kind of a doctor specializing in performing operations, which involve gaining access to the body of a patient. They usually undergo longer and specialized training than your regular doctors.
There are different types of surgeon: We have general surgeon, neurosurgeon, plastic surgeon, pediatric surgeon, and others. Since their job requires more skills and training, they are hugely compensated. The annual pay of surgeons varies by their area of specialization, years of experience, and level of training. But generally, surgeons rank high among the best paying professionals in this country in 2019.
These are the top 10 highest paying jobs in Nigeria currently. The kind of pay a job takes is usually commensurate with the value rendered.