Agricultural Economist Salary In Nigeria

We would be discussing Agricultural Economist Salary in Nigeria which would also hold up segments for their salary structure per month and per annum. Let’s get to see if Agricultural Economics in Nigeria are well paid for their services, therefore, if you are looking out to become an Agricultural Economist, or you want to know how much Agricultural Economists are paid in Nigeria? Then you have found the right spot and this article is for you.  Let’s quickly head straight up to the deal of the day, ride along with us as we take you through the tour of the salary structure of Agricultural Economics in Nigeria 2021

Agricultural Economist Salary in Nigeria

 

 S/N   Agricultural Economist Level   Salary Per Month 
 1.  Entry Level (Bachelor D.)  50,000 Average
 2.  Experienced  100,000 Above

AGRICULTURAL ECONOMIST SALARY STRUCTURE IN NIGERIA

Speaking of Agricultural economist salaries in Nigeria, are they paid well? first, we are going to kick off with the average salary then head straight to several salary breakdowns as it is done in the country. For an Agricultural Economist profession in Nigeria, we have the average monthly salary of an Agricultural Economics ranging from N30, 000 – N100, 000 (Maximum) depending on their level of education and experience, however, as rightly stated earlier, the salary structure would be explained also concerning the years of experience acquired.

However, the average monthly salary revealed earlier on is known to include housing, transports, and other benefits of the profession. Meanwhile, we would like you to note that their salary in Nigeria varies across states and companies depending on experience, gender, skills, and location. Let’s head straight up to the detailed breakdown.

Agricultural Economist Salary Range in Nigeria

Here we are going to layout every salary distribution in segments and explained in detail, but first, we are going to explain some types of salary structure for Agricultural Economist in Nigeria which includes;

  • Median salary and
  • percentile

Agricultural Economist Median salary

In Nigeria, we have the median salary of a certified Agricultural Economist in Nigeria to be N60, 000 per month, and what do I mean by median salary? Here is what I mean? Median salary shows that half of the people which appear to be 50% of the people who have taken up the Agricultural Economist profession as a career earns less than N60, 000 while the other half earns above the same price range in the country, in a Nutshell, median salary means the middle salary value.

Agricultural Economist Percentiles Salary

Percentiles are known to be a bit related to the median values but are of two different values which are 25% and 75%. According to the salary distribution diagram for Agricultural Economics salary in Nigeria, we have 25% of the Agricultural Economists in Nigeria to earn less than N40, 000, while 75% of the total number of Agricultural Economists in Nigeria is known to earn above the same price. More also, following the same salary distribution diagram, 75% of the Agricultural Economists in Nigeria earn less than #70, 000 while 25% earn above N70, 000.

Difference between Average and Median salary

There is no specific difference between them as both are just indicators. If you appear to earn more than the average and median salary, good for you, and if the other way round, there is room for improvement.

Agricultural Economist Salary in Nigeria by factors

Right here, we would be discussing the salary structure of Agricultural Economists in Nigeria based on different factors such as educational level, experience, gender, and sectors.

Agricultural Economist Salary structure by experience in Nigeria

Experience happens to be the most important factor in paying an Agricultural Economist in Nigeria. Here is the breakdown;

  • 0 – 2 Years – N35, 000
  • 2 – 5 Years – 30% increase
  • 5 – 10 Years – 36% increase
  • 10 – 15 Years – 20% increase from 5-10 years
  • 15 – 20 Years – 14% increase

Agricultural Economist Salary Structure By Education in Nigeria

  • Bachelor’s Degree – N50, 000 – N100, 000
  • Master’s Degree – Above N100, 000

NOTE: We would like you to know that what we have up there is an average salary and they could vary across each state and firm.

AGRICULTURAL ECONOMIST PROFESSION IN NIGERIA

Brief job description about agricultural economists

What do you think is the duty of agricultural economists? Well, here is the deal, an agricultural economist is known to specialize in the economic activities of the agricultural market, and for this reason, they carry out researches on statistics and data that relates to the agricultural industry as well as projects possible patterns within the economy. However, they can’t get to carry out their duties perfectly without the roper knowledge of economics to learn the supply and demand chain of goods and services in the agricultural sector. More also, as an agricultural economist, you get to choose an area of expertise from either environmental economics, policy analysis, livestock science and lots more.

Conclusion

Now we have the idea of what Agricultural Economists in Nigeria earns. With this I presume many might want to venture into the field, but here is the deal, career deals with passion and not money.

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