HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Project Manager Average Salary in Lagos 2024

How much money does a person working as Project Manager make in Lagos?


Average Monthly Salary
392,000 NGN
( 4,700,000 NGN yearly)

LOW
208,000
NGN
AVERAGE
392,000
NGN
HIGH
596,000
NGN
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Project Manager in Lagos typically earns around 392,000 NGN. Salaries range from 208,000 NGN (lowest) to 596,000 NGN (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Project Manager salaries in Lagos vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Project Manager Pay Scale and Salaries in Lagos

Median and salary distribution Lagos Project Manager monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/nigeria/lagos/executive-and-management/project-manager/median-and-salary-distribution-monthly-lagos-project-manager.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
352,000 NGN or more
10% of people earn
314,000 to 352,000 NGN
20% of people earn
232,000 NGN or less
65% of people earn
232,000 to 314,000 NGN
Minimum Salary
208,000 NGN
Median
353,000 NGN
Maximum
596,000 NGN




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Project Manager in Lagos range from 208,000 NGN (starting salary) to 596,000 NGN (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 353,000 NGN, half of the professionals who work as Project Manager in Lagos earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Project Manager in Lagos earn less than 294,000 NGN, while 75% earn more. Similarly, the chart shows that 75% earn less than 400,000 NGN while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Project Manager in Lagos compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 232,000 NGN to 314,000 NGN. About 20% of salaries are below the 232,000 NGN mark, while 10% fall within the range of 314,000 NGN to 352,000 NGN. Only 5% of individuals have salaries exceeding 352,000 NGN.

Salary Comparison by Years of Experience / Project Manager / Lagos

How do experience and age affect pay?

0 - 2 Years
239,000 NGN
2 - 5 Years+23%
293,000 NGN
5 - 10 Years+42%
415,000 NGN
10 - 15 Years+17%
485,000 NGN
15 - 20 Years+10%
534,000 NGN
20+ Years+6%
565,000 NGN
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Lagos Project Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/nigeria/lagos/executive-and-management/project-manager/salary-comparison-by-years-of-experience-monthly-lagos-project-manager.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Project Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 239,000 NGN.

While someone with an experience level between two and five years is expected to earn 293,000 NGN, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 415,000 NGN, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 485,000 NGN, 17% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 534,000 NGN, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 565,000 NGN, 6% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Project Manager / Lagos

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Project Manager.

High School
289,000 NGN
Certificate or Diploma+13%
328,000 NGN
Bachelor's Degree+31%
429,000 NGN
Master's Degree+32%
565,000 NGN
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Lagos Project Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/nigeria/lagos/executive-and-management/project-manager/salary-comparison-by-education-level-monthly-lagos-project-manager.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Project Manager in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 289,000 NGN.


Level 2: Certificate or Diploma

At this level, the average salary becomes 328,000 NGN, 13% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 429,000 NGN, 31% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 565,000 NGN, 32% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Nigeria costs anywhere from 1,700,000 NGN to 5,100,000 NGN and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Project Manager / Lagos

Salary comparison by gender Nigeria Project Manager monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/nigeria/executive-and-management/project-manager/salary-comparison-by-gender-monthly-nigeria-project-manager.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Project Manager in Nigeria, the average difference between the salary of male and female employees is 10%.

Male
373,000 NGN
Female-9%
340,000 NGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Nigeria for all Careers

Salary comparison by gender monthly Nigeria
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/nigeria/salary-comparison-by-gender-monthly-nigeria.jpg


Average Annual Salary Increment Percentage / Project Manager / Lagos

How much are annual salary increments in Lagos for individuals working as Project Manager? How often do employees get salary raises?

Individuals working as Project Manager in Nigeria are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Nigeria Project Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/nigeria/executive-and-management/project-manager/annual-salary-increment-rate-nigeria-project-manager.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Nigeria / All Professions

Annual Salary Increment Rate Nigeria
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/nigeria/annual-salary-increment-rate-nigeria.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Nigeria is 5%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Project Manager / Nigeria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Nigeria Project Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/nigeria/executive-and-management/project-manager/annual-salary-bonus-rate-nigeria-project-manager.jpg

100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Project Manager / Lagos


2,260 NGN per hour

The average hourly wage (pay per hour) for individuals working as Project Manager in Lagos is 2,260 NGN.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Project Manager in Lagos is 1,200 NGN. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Executive and Management-100%
Account Coordinator327,000 NGN-17%
Account Director392,000 NGN+0%
Account Executive401,000 NGN+2%
Account Manager379,000 NGN-3%
Administration Manager392,000 NGN+0%
Administration Officer209,000 NGN-47%
Administration Supervisor327,000 NGN-17%
Administrative Clerk157,000 NGN-60%
Administrative Officer157,000 NGN-60%
Area Director366,000 NGN-7%
Area Manager366,000 NGN-7%
Asset Protection Associate427,000 NGN+9%
Assistant Director401,000 NGN+2%
Assistant General Manager427,000 NGN+9%
Assistant Manager431,000 NGN+10%
Assistant Managing Director479,000 NGN+22%
Assistant Operations Manager457,000 NGN+17%
Assistant Project Manager409,000 NGN+4%
Assistant Section Head340,000 NGN-13%
Assistant to CEO379,000 NGN-3%
Assistant Vice President435,000 NGN+11%
Associate Account Director414,000 NGN+6%
Associate Director414,000 NGN+6%
Bid Manager466,000 NGN+19%
Branch Manager448,000 NGN+14%
Business Development Manager501,000 NGN+28%
Business Operations Associate409,000 NGN+4%
Business Operations Lead422,000 NGN+8%
Campaign Manager453,000 NGN+16%
Catering Coordinator251,000 NGN-36%
Catering Manager405,000 NGN+3%
CEO784,000 NGN+100%
Chairman of The Board762,000 NGN+94%
Chairman Office Manager501,000 NGN+28%
Chief Commercial Officer566,000 NGN+44%
Chief Corporate Officer631,000 NGN+61%
Chief Digital Officer549,000 NGN+40%
Chief Digital Strategy Officer559,000 NGN+43%
Chief Digital Transformation Officer523,000 NGN+33%
Chief Ethics Officer475,000 NGN+21%
Chief Executive Officer784,000 NGN+100%
Chief Financial Officer721,000 NGN+84%
Chief Investment Officer579,000 NGN+48%
Chief of Staff366,000 NGN-7%
Chief Operating Officer588,000 NGN+50%
Chief Privacy Officer502,000 NGN+28%
Chief Resilience Officer575,000 NGN+47%
Chief Risk Officer505,000 NGN+29%
Chief Strategy Officer643,000 NGN+64%
Chief Trust and Safety Officer491,000 NGN+25%
Client Account Manager470,000 NGN+20%
Client Accounts Officer396,000 NGN+1%
Client Services Manager505,000 NGN+29%
Commercial Director531,000 NGN+36%
Commercial Manager483,000 NGN+23%
Commercial Project Manager427,000 NGN+9%
Commodity Broker327,000 NGN-17%
COO588,000 NGN+50%
Corporate Affairs Executive466,000 NGN+19%
Corporate Compliance Director509,000 NGN+30%
Corporate Director536,000 NGN+37%
Corporate Officer366,000 NGN-7%
Corporate Partnerships Officer379,000 NGN-3%
Country Manager610,000 NGN+56%
Department Head479,000 NGN+22%
Department Manager479,000 NGN+22%
Department Supervisor414,000 NGN+6%
Deputy Director553,000 NGN+41%
Deputy Manager557,000 NGN+42%
Director610,000 NGN+56%
Director of Accreditation518,000 NGN+32%
Director of Catering Services466,000 NGN+19%
Director of Client Services501,000 NGN+28%
Director of Facilities Management427,000 NGN+9%
Director of Operations518,000 NGN+32%
Director of Process Simplification409,000 NGN+4%
Director of Product Management518,000 NGN+32%
Director of Project Management544,000 NGN+39%
Director of Revenue Management479,000 NGN+22%
Director of Training and Development501,000 NGN+28%
Distribution Manager536,000 NGN+37%
Division Manager457,000 NGN+17%
Duty Manager448,000 NGN+14%
Engagement Manager549,000 NGN+40%
Executive Director771,000 NGN+97%
Executive Manager636,000 NGN+62%
Franchise Manager662,000 NGN+69%
General Manager610,000 NGN+56%
Generational Consultant418,000 NGN+7%
Global Master Data Manager544,000 NGN+39%
Global Technical Lead361,000 NGN-8%
Head of Investment523,000 NGN+33%
Head of Middle Office492,000 NGN+26%
Head of Projects523,000 NGN+33%
Head of Strategy588,000 NGN+50%
Head of Supply Chain479,000 NGN+22%
Head of Sustainability440,000 NGN+12%
Housing Manager418,000 NGN+7%
HSE Manager431,000 NGN+10%
Innovation Manager444,000 NGN+13%
Key Account Manager435,000 NGN+11%
Knowledge Manager501,000 NGN+28%
Location Manager488,000 NGN+25%
Logistics Executive405,000 NGN+3%
Logistics Manager405,000 NGN+3%
Management Consultant414,000 NGN+6%
Management Executive562,000 NGN+43%
Manager523,000 NGN+33%
Managing Director627,000 NGN+60%
MIS Executive523,000 NGN+33%
Ocean Services Manager544,000 NGN+39%
Online Business Manager732,000 NGN+87%
Operational Manager549,000 NGN+40%
Operations Analyst457,000 NGN+17%
Operations Assistant379,000 NGN-3%
Operations Director583,000 NGN+49%
Operations Executive566,000 NGN+44%
Operations Manager583,000 NGN+49%
Operations Supervisor483,000 NGN+23%
Planning Director553,000 NGN+41%
PMO Manager488,000 NGN+25%
Policy Administration Executive444,000 NGN+13%
Private Sector Executive462,000 NGN+18%
Product Development Manager523,000 NGN+33%
Product Executive457,000 NGN+17%
Production Executive527,000 NGN+34%
Production Manager527,000 NGN+34%
Production Supervisor444,000 NGN+13%
Program Director544,000 NGN+39%
Program Manager544,000 NGN+39%
Programme Coordinator374,000 NGN-5%
Project Control Manager544,000 NGN+39%
Project Coordinator322,000 NGN-18%
Project Management Officer370,000 NGN-6%
Project Manager392,000 NGN+0%
Project Portfolio Manager418,000 NGN+7%
Quality Manager422,000 NGN+8%
R/D Director466,000 NGN+19%
Regional Director718,000 NGN+83%
Regional Manager540,000 NGN+38%
Relationship Manager518,000 NGN+32%
Retail District Manager370,000 NGN-6%
Revenue Manager414,000 NGN+6%
Risk and Capital Manager592,000 NGN+51%
Risk Officer396,000 NGN+1%
Safety Manager392,000 NGN+0%
Section Head401,000 NGN+2%
Service Manager418,000 NGN+7%
Shift Supervisor322,000 NGN-18%
Solutions Manager370,000 NGN-6%
Supervisor322,000 NGN-18%
Supply Chain Manager553,000 NGN+41%
Surveyor366,000 NGN-7%
Technical Director501,000 NGN+28%
Technical Manager501,000 NGN+28%
Territory Manager518,000 NGN+32%
Validation Manager444,000 NGN+13%
Vice President631,000 NGN+61%
Zone Manager544,000 NGN+39%

Salary Comparison By City

CityAverage Salary
Lagos392,000 NGN

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Nigeria is 6% on average across all career fields.

Private Sector
329,000 NGN
Public Sector+6%
349,000 NGN
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Project Manager in Lagos?

A good and competitive compensation would range anywhere between 353,000 NGN and 400,000 NGN. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Project Manager in Lagos ranges from 208,000 NGN to 294,000 NGN. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison

©Salary Explorer 2024