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.
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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