Agricultural Economist Salary in Nigeria - Nigeria Boom

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Agricultural Economist Salary in Nigeria

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This article is written to enlighten you on agricultural economist salary in Nigeria.
Before we proceed, it is important you have a glance of who an agricultural economist is and he or she does.

Agricultural Economics Salary in Nigeria

Who is an Agricultural Economist?

Agricultural economics can be simply defined as the economics of agriculture. Since agriculture is the art and science of planting of crops and rearing of farm animals, it can be considered to have a relationship with economics.
Economics, in simple terms, is the study of how money influences or is organized within an area of business or in society.
No one would practice agriculture for non-profit. In fact, agriculture is a business practice by many.
There is, therefore, a need to ensure that the scarce resources of agriculture is intelligently used to ensure great satisfaction.
Agriculture economics is therefore the discipline for that. Agricultural economics ensures that the operations and resources of agriculture are managed in such a manner that the resulting reward will be great.
You can read more about agriculture economics
Agricultural Economist Salary in Nigeria

Major factors that Influence Agricultural Economist Salary in Nigeria

Agricultural Economist salary in Nigeria is influenced by various factors. Among these factors includes;
1.     Place of Employment
2.     Educational qualification
3.     Years of Experience

Agricultural Economist Salary in Nigeria According to their Place of Employments

The salary of an agricultural economist in Nigeria is significantly influenced by their place of employment.
Some employment opportunities available for agricultural economists in Nigeria include
·        Agro-based companies
·        Commercial farm management companies
·        Environmental consultancies
·        Food processing companies
·        Food retail companies
·        Government agencies
·        Media organization (agricultural journalism)
·        Financial institutions
·        Tertiary institutions
·        Secondary schools
See below summary data of agricultural economists’ salaries in Nigeria according to their place of employment.

Place of Employment
Monthly Agricultural Economists Salaries
Annual Agricultural Economists Salaries
Agro-based companies
N80, 000 to N150, 000
N960, 000 to N1, 800, 000
Commercial farm management companies
N50, 000 to N120, 000
N600, 000 to N1, 440, 000
Environmental consultancies
N70, 000 to N200, 000
N840, 000 to N2, 400, 000
Food processing companies
N70, 000 to N300, 000
N840, 000 to N3, 600, 000
Food retail companies
N50, 000 to N80, 000
N600, 000 to N2, 400, 000
Government agencies
N80, 000 to N200, 000
N960, 000 to N2, 400, 000
Media organization (agricultural journalism)
N80, 000 to N200, 000
N960, 000 to N2, 400, 000
Financial Institutions
N70, 000 to N200, 000
N840, 000 to N2, 400, 000
Tertiary institutions
N80, 000 to N500, 000
N960, 000 to N6, 000, 000
Secondary schools
N30, 000 to N80, 000
N360, 000 to N960, 000

Agricultural Economist Salary in Nigeria according to Educational Qualification

See summary data of Agricultural Economists’ salaries in Nigeria;

Educational Qualifications
Monthly Agricultural Economist Salary
Annual Agricultural Economist Salary
Fresh Graduates
N50, 000 to N80, 000
N600, 000 to N960, 000
Master’s Degree Holders
N80, 000 to N150, 000
N960, 000 to N1, 800, 000
Ph.D. Holders
N250, 000 to N500, 000
N3, 000, 000 to N6, 000, 000

Agricultural Economist Salary in Nigeria According to Experience

Graduates in Agricultural economics’ salary in Nigeria is also influenced by their years of experience.
See summary data below of agricultural economists’ salaries in Nigeria according to their years of experience
Years of Experience
Low end Salary
High End Salary
<5
N50, 000
N80, 000
<10
N80, 000
N175, 000
>10
N150, 000
N250, 000

Top Industries |Place of Employment for Graduates in Agricultural Economics in Nigeria for High Salary

·        Government agencies
·        Food manufacturing companies
·        Financial institutions
·        Agro-based companies
·        Environmental consultancies
·        Tertiary institutions

Qualities Required of an Agricultural Economist in Nigeria


The following qualities are required to become successful in agricultural economist in Nigeria;
·        Excellent managerial skill
·        Must be a logical thinker
·        Excellent written skill
·        Ability to carry out market surveys
·        Ability to interpret market surveys
·        Must be current to the trends of agriculture and food in Nigeria
·        Good communication skill






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