Getting a job in Nigeria is an arduous task; securing a very good job where the pay is high, and the conditions (non-salary benefits, the proximity of the company location, company brand & staff welfare) are favorable is even harder. This is due to the high unemployment rate, which keeps rising every year.
There are so many mushroom jobs out there, but the problem is under-payment, and the few companies that pay well are very challenging in terms of securing a job with them.
Thus, the quest to secure a high paying job is important to most young school leavers and even experience heads.
The Best Paying Companies in Nigeria have always been in the Oil and Gas sector due to the nation’s dependence on that sector for most of its revenue generation.
Multinational companies like Shell and Chevron lead the way in this sector and could pay up to N500,000 to entry-level staff while salaries could differ in sub-sectors in indigenous oil servicing and downstream firms.
Multinational Oil and gas firms pay in line with acceptable global standards as their employees could be deployed to work anywhere in the world, hence the high salaries.
Fast Moving Consumer Goods (FMCG) companies like Unilever, Nestlé, and Dangote are also great places to work, offering highly competitive salaries.
The telecommunications industry has had a major impact on the Nigerian economy since the telecommunication boom of the early 2000s, and it is one of the largest employers of skilled and unskilled labor.
The banking industry, on the other hand, is also attractive to most graduates of diverse academic backgrounds due to the high pay on offer; banks like Access, Zenith, and Guaranty Trust are known to be the best paying banks.
In the different industries listed above, there are disparities in salary scale depending on the job role, educational qualification (Fresh graduate, Masters Degree holder), and level of the employee in the company- entry, middle, or management level-company policies and department.
Here are the Best Paying Companies in Nigeria
Shell Petroleum Development Company (SPDC)
Shell is a dream workplace for most job seekers due to the high pay on offer and prestige of working for such a respected multinational company.
SPDC is a joint venture between the Dutch oil giants and the Nigerian National Petroleum Corporation (NNPC).
They pay between N667,000 to N1million to its entry-level staff; figures could reach up to N6million depending on the department and skills required. Contract staff earns between N250,000 to N500,000.
The American oil and gas company is one of the major players in the petroleum sector in the country.
Chevron has a reputation for making work conditions-salary & non-salary benefits-juicy for her staff. The salary range is between N750,000 to N2.5million for entry-level.
NNPC is an indigenous oil and gas company formed in 1977 to regulate the downstream and upstream sectors of the oil industry. NNPC pays about N1.56million for entry-level staff.
The telecommunication giants have got the largest subscriber base and widest reach in Nigeria.
MTN is a South African owned company that started operations in the early 2000s in Nigeria, alongside Econet (now Airtel, aside from other name transformations over the years).
They are still a major player in the industry and thus make them highly sought after. MTN pays up to N2.5million per annum for entry-level.
One of Nigeria’s foremost banks, Access bank are a major player in the industry with over 500 branches nationwide and assets totaling up to N2tn. The bank also pays a highly competitive salary to her staff; entry-level employees could earn up to N250,000 per month alongside other benefits.
Akintola Williams Deloitte
A professional service, accounting, and auditing firm of international repute, Akintola Williams Deloitte have once voted the best place to work in Nigeria by the renowned Great Place to Work Institute Nigeria. They pay N150, 000 to entry-level staff.
Nestlé Nigeria PLC
The first FMCG Company on this list, Nestlé products, can be found in many Nigerian homes. It’s a multinational firm that has been operating in Nigeria since 1957. Nestlé pays about N1million to N2.5million in annual salaries.
Nigerian Civil Service
Aside from the private sector and the multinational companies, the Nigerian Civil Service is the largest employer of labor in the country, often riddled with corruption practices and favoritism.
It can also boast of offering more job security than the others, even if on lower pay. There are no set standards across the various ministries of government; hence there are disparities in salaries.
The Power Holding Company of Nigeria (PHCN) pays N79, 000 per month for entry-level (excluding allowances), and some pay less.
Another in the oil and gas sector, the salary structure at Total could also be dependent on location. Total staff in Port-Harcourt could earn more than one in Lagos even if they are on the same level. Total pays its entry-level staff up to N5million and above per annum.
Nigerian Breweries PLC
A well-known company with widely accepted brands, NB as it’s fondly called, is a dream place to work for young graduates and experienced people.
It pays between N200,000 to N250,000 monthly to confirmed staff alongside other sales-related benefits for its field staff.
Owned by the richest man in Nigeria and one of Africa’s foremost businessmen Aliko Dangote, the Dangote group is highly diversified with interest in building materials like cement to essential household needs like spaghetti and sugar.
Dangote Sugar and Dangote Cement pay between N140,000 to N150,000 to entry-level staff, respectively.