- 70% of Nigerians earn less than N100, 000.
- Highest proportions of those that earn less than N20, 000 per month are those in the education industry.
- More females than males are dissatisfied with their current jobs.
This 2012 edition is the first of proposed annual publications. The aim of its release is to make available information on salaries and remuneration trends in the country, and to educate jobseekers and employees on the roles of allowances, commissions, entitlements and general workplace practices as a whole.
The findings of this survey showed, for the first time, the trends and patterns of the wages of employees in the Nigerian labour market. The statistics revealed astonishing, as well as confirmed, results. These results were organized in various orders according to specialization, industry, experience and gender.
It came as no surprise that employees in the Oil and Gas industry were the highest paid, followed by those in the financial services sector; that men earned much more than women and that most workers had jobs that were not related to their course of study. What was confirmed, but also saddening, was that the least paid professionals were those in the Education sector, most of them earning a paltry sum of less than N20, 000 per month.
The report also showed the correlation between years of experience and remuneration. Respondents who had spent above 8 years on the job (57%) earned more than 1 million naira per month. It also, stunningly, debunks the assumption, to an extent, that the higher the degree, the more the pay. 0.7% of the respondents, who had PhD’s, earned above the 1 million naira per month mark compared to their counterparts with just a master’s or a bachelor’s—the master’s degree holders coming out tops in the millionaire category.
The infographic below gives a summary on the statistics of the whole survey. In general, the answer to the big question how much do Nigerians earn? shows (on the purple balloon on the left) that the majority of Nigerians (29%) earn between N21, 000 to N50, 000 every month.
As with all surveys there will be a margin of error, and a call as to whether it is truly representative of Nigeria as a whole. This result, nevertheless, is as good as we can get, for some of the figures are hardly unexpected. The Jobberman.com crew have conducted a commendable survey and made available a well prepared report which can be obtained free at www.jobberman.com/survey.
Jobberman.com, a clear market leader in the jobs category in West Africa, is more than just a job search portal. They have given a new meaning to job search by making it easier to search for, and find jobs, and apply for positions online.
Last year they partnered with Albert Afolabi to release a concise must-read book for every graduate, The Complete Graduate, which can be downloaded here. The Jobberman.com blog is filled with career advice, how-to guides and helpful tips on how to survive as a jobseeker.
Ranked as the number 1 website in the jobs category by Alexa.com, and operating in all the major cities in Nigeria, Jobberman.com is now the largest jobs website in sub-Saharan Africa. In February 2012, it was number 8 in the Forbes Magazine’s list of Top 20 Tech Start-ups in Africa.
Download your free copy of the salary survey results here.