How much do Nigerian companies really pay?
Although not everyone considers pay
package
as the first thing for picking up a particular
job, but there is no denying that pay packages
determine a whole lot of things when it comes
to picking up jobs.
It does seem like many corporate
organisations are waking up to the reality that
if they must engage and keep the best hands,
paying encouraging salaries, rather than
stipends is the right thing.
As far as Nigeria is concerned, which
companies are doing well at rewarding
labour? We are going to look at a few of them
and the industries they represent. It is also
important to note that within same industry,
there are disparities in salary scale depending
on company policies, department and of
course the level of the staff in the company –
entry, middle or management.
1. Shell Petroleum Development Company of
Nigeria Ltd (Oil & Gas) is a Joint Venture
between Shell and The Nigerian National
Petroleum Corporation (NNPC)andranks
topmost on the list of companies that pays
the highest salaries in Nigeria. The Company
pays its entry level staff between N1million to
as high as N2.5million (even as high as
N6million) to junior staff depending on
department and skills required.
2. Chevron (Oil & Gas) is also one of the top
in the list of highest paying companies. The
company operates in the Oil & Gas industry
and is reputable for making its workers smile
with juicy salary packages and other perks.
Maybe this is due to its American background.
Chevron pays a salary range of between
around N2 – N2.5million in salary for her
entry level staff per annum.
3. Mobil Oil & Gas Multinational (Also known
as Exxonmobil) (Oil & Gas). Also with an
American root Mobil has a strong base in the
country and is the world’s largest publicly
traded international oil and Gas Company, the
world’s largest refiner and marketer of
petroleum products and also a technology
company, applying science and innovation to
find better, safer and cleaner ways to deliver
the energy the world needs. Exxonmobil pays
around N3.6million – N9.6million in annual
salary at entry level and that depends on your
duty and which of the departments of the
company you work with.
4. NNPC Oil & Gas (Oil & Gas) This is Nigeria
owned oil and gas company and it’s just
natural to be interested in what it pays its
employees. With its Corporate Headquarters
located at NNPC Towers, Central Business
District, Herbert Macaulay Way, P.M.B. 190,
Garki, Abuja, this custodian of Nigeria’s
national wealth pays about N1.56million for
entry level staff per annum.
5. MTN (Telecoms) There is no arguing the
fact that MTN is the most widely known
Telecoms Company in Nigeria. The company’s
branded yellow colour stands out
conspicuously anywhere. The company has
gained so much ground and share of the
industry that the rest are only playing catch
up. That is why it is the number 5th best
company in Nigeria. MTN pays her entry level
staff up to N2.5million per annum.
Other companies that are within the top 10
bracket of highest paying companies in
Nigeria are:
6. Nestle Nigeria Plc (FCMG) is probably the
most recognised name in Nigeria as far as
house-hold items are concerned. The company
which pays about N1million to N2.5million in
annual salaries. This is apart from the several
house-hold items as perks.
7. Nigeria Civil Service (Government) a lot of
people believe offers some level of job
security. Sack is not common as it is in the
private sector. Although there are no
standards across all ministries under the
government, hence some pay more than the
others. At entry level for example in the
Nigerian Customs the annual salary is
between N960,000 – N1.2million and some of
course pay less.
8. Total Oil (Oil & Gas), a major player in the
O&G industry in Nigeria. This company pays
its entry level staff anything from N5million
and above in annual salary. Sometimes a staff
in a place like Port-Harcourt may earn more
than one in Lagos, though they are in the
same level.
9. Dangote Group (FCMG) is another very well-
known name in Nigeria and across Africa. The
Group has interests in different economic
sectors from building materials to daily
house-hold needs. And its staff enjoys
different salary packages across the different
companies under the conglomerate, bearing in
mind the standard national minimum wage.
10. Nigeria Breweries (FCMG) is another well-
known company in Nigeria that has cut a
nitch for itself and is very well accepted
among its customers. This company pays
from N800,000 and above in annual salary.
Which of these companies is your choice? Why
would you want to work for the company?
What are the things you primarily consider in
order to choose a company to work for?
