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;
- Place of Employment
- Educational qualification
- 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 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 |
| PhD. 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 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 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