Agricultural Economist Salary in Nigeria

This article is written to enlighten you on agricultural economist salary in Nigeria.

Before we proceed, it is important you have an idea of who an agricultural economist is and he or she does.

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 crops and rearing 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 are 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

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