Nigeria

Currency
Nigerian naira (NGN)
Payroll Frequency
Monthly, bi-monthly or weekly
Employer Taxes
1% to 11%

About 

Nigeria

Located in the west of the continent between the Gulf of Guinea and the Sahel, Nigeria is Africa's most populous country and biggest economy. Nigeria is a multinational state inhabited by over 250 different ethnic groups speaking more than 500 languages.

Overview

Population
211,400,708
Language
English
Capital
Abuja
Currency
Nigerian naira (NGN)
Country code
+234
Min wage
30,000 NGN per month
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
48 hours per week

Payroll

Cycle

Monthly / bi-monthly/ weekly

Avg employer tax

1% to 11%

Taxation

Tax breakdown - Employer
  • Pension (only applicable to employers with over fifteen employees): 10%
  • National Provident Fund: 1%
VAT

7.50%

Holidays / PTO

Public holidays in 2024
  • 1 Jan: New Year's Day
  • 15 Apr: Good Friday
  • 18 Apr: Easter Monday
  • 1 May: Labor Day
  • 2 May: Id el Fitri
  • 3 May: Id el Fitri Holiday
  • 12 Jun: Democracy Day
  • 9 Jul: Id el Kabir
  • 10 Jul: Id el Kabir Holiday
  • 1 Oct: National Day
  • 8 Oct: Id el Maulud
  • 25 Dec: Christmas Day
  • 26 Dec: Boxing Day
Sick days

Paid sick leave is 12 days annually. After two days of leave, the employee must present a medical certificate.

Maternity leave

The amount of paid maternity leave varies between the public and private sectors (16 weeks and 12 weeks, respectively). Furthermore, public-sector workers are paid 100% of their salaries during maternity leave, but private-sector workers only 50%. Entitlement to any paid maternity leave is dependent on having completed six months' service.

Paternity leave

Paid paternity leave (of two to three weeks) is only granted in the states of Lagos and Enugu.

Termination

Termination Process

Termination processes vary according to the type of contract, the reason for termination, the employment agreement, and any collective agreements that are in place.

Notice Period

Employee's notice periods depend on their length of service:

  • Three months or less: one day
  • Three months to two years: one week
  • Two to five years: two weeks
  • Five or more years: one month
Severance Pay

No legal obligations exist to make severance payments in Nigeria.

Probation Period

No legal requirements related to probation periods exist in Nigeria. Such periods are normally stipulated in employment contracts or collective agreements.

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Tax Calculation

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NG
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Top Countries
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Nigeria

Currency
Nigerian naira (NGN)
Payroll Frequency
Monthly, bi-monthly or weekly
Employer Taxes
1% to 11%

About 

Nigeria

Located in the west of the continent between the Gulf of Guinea and the Sahel, Nigeria is Africa's most populous country and biggest economy. Nigeria is a multinational state inhabited by over 250 different ethnic groups speaking more than 500 languages.

Overview

Population
211,400,708
Language
English
Capital
Abuja
Currency
Nigerian naira (NGN)
Country code
+234
Min wage
30,000 NGN per month
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
48 hours per week

Payroll

Cycle

Monthly / bi-monthly/ weekly

Avg employer tax

1% to 11%

Taxation

Tax breakdown - Employer
  • Pension (only applicable to employers with over fifteen employees): 10%
  • National Provident Fund: 1%
VAT

7.50%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 15 Apr: Good Friday
  • 18 Apr: Easter Monday
  • 1 May: Labor Day
  • 2 May: Id el Fitri
  • 3 May: Id el Fitri Holiday
  • 12 Jun: Democracy Day
  • 9 Jul: Id el Kabir
  • 10 Jul: Id el Kabir Holiday
  • 1 Oct: National Day
  • 8 Oct: Id el Maulud
  • 25 Dec: Christmas Day
  • 26 Dec: Boxing Day
Sick days

Paid sick leave is 12 days annually. After two days of leave, the employee must present a medical certificate.

Maternity leave

The amount of paid maternity leave varies between the public and private sectors (16 weeks and 12 weeks, respectively). Furthermore, public-sector workers are paid 100% of their salaries during maternity leave, but private-sector workers only 50%. Entitlement to any paid maternity leave is dependent on having completed six months' service.

Paternity leave

Paid paternity leave (of two to three weeks) is only granted in the states of Lagos and Enugu.

Termination

Termination Process

Termination processes vary according to the type of contract, the reason for termination, the employment agreement, and any collective agreements that are in place.

Notice Period

Employee's notice periods depend on their length of service:

  • Three months or less: one day
  • Three months to two years: one week
  • Two to five years: two weeks
  • Five or more years: one month
Severance Pay

No legal obligations exist to make severance payments in Nigeria.

Probation Period

No legal requirements related to probation periods exist in Nigeria. Such periods are normally stipulated in employment contracts or collective agreements.

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
NG
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Top Countries
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation