Agricultural Economist Salary in Nigeria

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

Before we proceed, you must have a glance at who an agricultural economist is and he or she does.

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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. Agriculture is a business practice by many.

There is, therefore, a need to ensure that the scarce resources of agriculture are wisely 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 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 EmploymentMonthly Agricultural Economists SalariesAnnual Agricultural Economists Salaries
Agro-based companiesN80, 000 to N150, 000N960, 000 to N1, 800, 000
Commercial farm management companiesN50, 000 to N120, 000N600, 000 to N1, 440, 000
Environmental consultanciesN70, 000 to N200, 000N840, 000 to N2, 400, 000
Food processing companiesN70, 000 to N300, 000N840, 000 to N3, 600, 000
Food retail companiesN50, 000 to N80, 000N600, 000 to N2, 400, 000
Government agenciesN80, 000 to N200, 000N960, 000 to N2, 400, 000
Media organization (agricultural journalism)N80, 000 to N200, 000N960, 000 to N2, 400, 000
Financial InstitutionsN70, 000 to N200, 000N840, 000 to N2, 400, 000
Tertiary institutionsN80, 000 to N500, 000N960, 000 to N6, 000, 000
Secondary schoolsN30, 000 to N80, 000N360, 000 to N960, 000

Agricultural Economist Salary in Nigeria according to Educational Qualification

See summary data of Agricultural Economists’ salaries in Nigeria;

Educational QualificationsMonthly Agricultural Economist SalaryAnnual Agricultural Economist Salary
Fresh GraduatesN50, 000 to N80, 000N600, 000 to N960, 000
Master’s Degree HoldersN80, 000 to N150, 000N960, 000 to N1, 800, 000
PhD. HoldersN250, 000 to N500, 000N3, 000, 000 to N6, 000, 000

Agricultural Economist Salary in Nigeria According to Experience

Graduates in Agricultural economics’ salary in Nigeria are 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 ExperienceLow-end SalaryHigh-End Salary
<5N50, 000N80, 000
<10N80, 000N175, 000
>10N150, 000N250, 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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