Major Top Most Paying Federal Government (FG) Jobs in Nigeria 2024
Nigeria’s Highest Paying Governmental Organizations The tendency has now reversed because there are now more universities than there were previously, which has increased the number of graduates. As a result, the nation’s unemployment rate has gone up.
Following this, there are far fewer job prospects in federal government entities. Nowadays, it is quite challenging to get a job in these organizations. The federal parastatal currently offers a fairly generous benefits package. These are some of the highest paying jobs available.
Furthermore, it is highly desirable to have a steady income stream and receive a pension in old life. The compensation package for federal agencies is sector-specific, just like in the private sector. As customary, When it comes to take-home pay, the oil and gas, banking, healthcare, and maritime industries are at the top of the list.
Most of the time, people look for work in the private sector due to the lucrative compensation package. In actuality, it can be challenging to land a meaningful work at any of the big government parastatals, especially if you lack contacts and they pay very well.
Here are the Major Most paying Government Jobs in Nigeria In 2024
1. Nigeria’s Central Bank
The Nigerian Central Bank is not the kind of government organization that enjoys airing its financial transgressions. It is still hard to keep such information out of the public realm in the modern era of technology. During the training months, the Central Bank of Nigeria pays forty-three thousand Naira to the trainee. The monthly salary of an entry-level employee is one hundred and twenty-two thousand Naira. The monthly salary of a loan officer, a position to which one can advance from entry level, is 573,33,000 Naira.
The position of credit analyst, which pays 637,500 Naira a month, is the next one that can be obtained. That exceeds seven million annually. The branch manager position is the most challenging to get within the Central Bank personnel hierarchy. This is because Nigeria has a relatively small number of Central Bank branches. The monthly salary of a branch manager at Central Bank, if one exists, is seventy-two thousand Naira. This is more than eight million Naira annually on average. Reading these numbers is probably making all accounting students drool.
2. Nigerian Communication Commission (NCC)
Another government organization in Nigeria that offers high salaries is the Nigerian Communication Commission.
Nigeria’s digital economy is expanding quickly and making significant advancements. For this reason, the Nigerian Communication Commission is one of the well-paying government organizations in Nigeria.
The Commission has been monitoring the emergence and development of Nigeria’s telecommunications industry since its founding in 1992.
3. BANK OF INDUSTRY (BOI)
Currently the largest Development Finance Institution (DFI) in operation in Nigeria, Bank of Industry Limited, or BOI, is the second-highest paid federal government parastatal in Nigeria. The Central Bank of Nigeria (CBN), which owns 5.19% of the bank, the Ministry of Finance Incorporated (MOFI) of Nigeria, which owns approximately 94.80% of the bank, and private investors, who own 0.01% of the bank, are the three institutions that own the bank.
Under the Federal Ministry of Industry, Trade and Investment, BOI is a significant parastatal that offers financial support to businesses and organizations to build small, medium, and large-scale projects as well as to expand and diversify contemporary enterprises.
The bank’s goal of funding industrial initiatives in significant economic areas guarantees that it encourages young people to start their own enterprises and engage in other projects for the benefit of Nigeria. One of the few federal government organizations in Nigeria that pays well is BOI, which has a high ranking.
Among the top paid government-owned parastatals in the nation is the Bank of Industry. In its 2016 annual report, the bank stated that over 335 workers had received their salary. With an average compensation per employee of ₦20 million annually, this government-owned company has one of the highest salaries in the financial sector.
The average monthly pay of some of the BOI employees we obtained is also disclosed in a breakdown of their staff salaries:
₦350,000 for an analyst
A bank employee: ₦570,000
4. NNPC, the Nigerian National Petroleum Company
The federal government’s internal and international oil and gas transactions are overseen by the NNPC, which also pays the highest rates. They serve as the joint venture platform for the FG and large corporations such as Schlumberger, Agip, ExxonMobil, and Chevyron.
Following a successful merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel, the Nigerian National Petroleum Corporation (NNPC) was established on February 1st, 1977.
The Federal Government of Nigeria and international multinational firms have a joint venture, which NNPC is primarily responsible for overseeing and managing. Texaco, Total S.A., Agip, Chevron, Royal Dutch Shell, and ExxonMobil are a few of these oil firms. In charge of overseeing both the upstream and downstream sectors, they represent the Nigerian government in the oil business by acting as a legal supervisory agency.
The NNPC has its global office in London and its headquarters in the NNPC Towers in Abuja (FCT). They pay their employees in US dollars (USD), making them one of the greatest places to work in Nigeria, even though they have zonal offices in other important states and cities like Lagos, Kaduna, Port Harcourt, and Warri.
While entry-level employees at NNPC make between ₦180,000 and ₦350,000, interns make between ₦18,000 and ₦30,000. Additionally, the wage range for managerial and experienced recruits is ₦1,000,0000 to ₦500,000.
According to reports, NNPC is the highest paid government parastatal in Nigeria, and its employees receive the greatest compensation packages available. The portfolios determine the pay received.
₦31,000 to ₦50,000 for interns
Starting pay range: ₦180,000 to ₦350,000
₦300,000 to ₦450,000 for a sales manager
₦350,000 to ₦500,000 for an economist
₦500,000 to ₦1,000,0000 for managers
5. National Pension Commission (PENCOM)
Staff members of the National Pension Commission (PENCOM) are highly compensated.
It is among the federal government agencies where employees receive the highest pay.
After completing their induction or recruitment training, level 8 employees of the Commission are eligible to receive allowances exceeding two million naira.
Level 8 Employees of the Commission make around N180,000 per month.
6. FIRS Federal Inland Revenue Service
Another government department that keeps information regarding its compensation packages very private is the government Inland Revenue Service. However, there is no end to the reach of technology. According to information, entry-level employees receive a monthly salary of between 100,000 and 200,000 Naira. The compensation package increases to between 100,000 and 200,000 Naira upon promotion to Officer One. The Federal Inland Revenue Service only offers pay, unlike the majority of other compensation packages. As a result, none of the provided figures are negotiable in the upward direction.
7. Nigerian Ports Authority
The Nigerian Ports Authority’s salary was somewhat easier to obtain, despite the fact that most government entities had difficult salary requirements. Numerous job openings at the Nigerian Ports Authority have been posted throughout the past few years, along with the accompanying compensation. A counselor working in the social, nursing, or health departments should expect to make at least four hundred thousand Naira a year. An accrual of between 400,000 and 600,000 Naira per year is reasonable for an IT or e-business manager.
The salary package for a deck cadet in the energy, oil, or gas department ranges from 800,000 to one million Naira. A senior graphic designer working in the public relations, marketing, or advertising division might anticipate receiving one million to five hundred thousand Naira year. The wage range for an HSE officer working in purchasing or supply chain is three to four million Naira annually. First place is awarded to an instrument or control designer with an annual salary of five million Naira or more.
Here is a list of the top government organizations and agencies in Nigeria for students who would like to work for the federal government when they graduate.
Not included above are more high-paying positions with the federal government that offer competitive remuneration to their employees. These government parastatals that offer competitive compensation to their employees include the Nigerian Customs Service, the Department of Petroleum Resources, the Defense Intelligence Agency, and others. I hope the information above has expanded your perspective on some of the highest paying federal government departments’ compensation packages.
One of the federal government jobs should be your first choice if you truly want to settle for a well-paying position in the nation. The top federal government jobs in Nigeria that are open have been discussed in this article, along with their corresponding pay. This will help you decide which is the greatest option out of your options.