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Hiring guidelines in Nigeria
- Pay & taxes
- Leave policy
- Termination
- Time-off
- Additional info
Pay & taxes
Leave policy
Termination
Time-off
Additional info
Minimum Wage Requirements
The minimum wage is NGN 30,000 per month.
Individual Income Tax
The individual income tax ranges from 7% to 24%. Income tax is calculated based on income tax bands.
| Gross Annual Income (NGN) | Tax Rate (%) |
|---|---|
| Up to 300,000 | 7% |
| Up to 600,000 | 11% |
| Up to 1,110,000 | 15% |
| Up to 1,600,000 | 19% |
| Up to 3,200,000 | 21% |
| Over 3,200,000 | 24% |
Payroll Cost
The employer cost is generally estimated at 12.0% of the employee salary.
- Industrial training fund - 1.10%
- Nigeria Social Insurance Trust Fund - 1.0%
- National Pension fund - 10.0%
- Life Insurance (GPA) - 1.8%
Overtime Pay & Maximum Hours
Overtime payment is not mandatory. Hours outside of standard work hours are considered overtime. There are no maximum working hours. There is no rate of pay for overtime specified by law, rather it is based on the employer’s discretion.
Standard working hours are 8 hours per day, 40 hours per week. The standard workweek is from Monday to Friday.