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* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.
Nigeria is one of the fastest-growing IT markets in Africa, and many Nigerian employees are comfortable using technology.
Nigeria is one of Africa’s fastest developing countries, making it an ideal starting point for exploring potential value in the African market.
Nigeria has a diverse workforce. Nigeria is a multi-ethnic and multi-religious country, and its workforce reflects this diversity.
Nigeria’s banking sector is becoming highly attractive to foreign investment as it is valued at over $9 billion and the country has more than 200 fintech companies.
In Nigeria, it is mandatory for both employer and employee to sign a written employment agreement. To be legally compliant, employment agreements must include the following information:
The probation period in Nigeria is typically 3 to 6 months. However, there is no specific legal requirement for a probation period in Nigeria. The length of the probation period is usually specified in the employee's employment contract.
Normal full time working hours are 40 hours per week. However, the Labour Act does not specify general working hours rather these are fixed by the mutual agreement or collective bargaining within the enterprise or industry.
Employers in Nigeria can require their employees to work overtime, but they must pay their employees overtime pay for any hours worked in excess of the standard 40-hour workweek. Overtime pay is calculated at 1.5 times the employee's normal hourly rate.
The national minimum wage in Nigeria is currently 70,000 NGN per month.
There are no statutory requirements for 13th-month salary payments. However, bonuses are common at the discretion of the employer.
Individual income tax in Nigeria is a progressive tax, meaning that the tax rate increases as the taxable income increases. it ranges from 7% to 24%
As per the Pension Reform Act 2014, employees must contribute a minimum of 8% of their basic salary, housing allowance, and transport allowance, while employers must contribute a minimum of 10% of the same sum.
The tax-related information provided in this guide is intended for general guidance and informational purposes only. Reach out to our dedicated team for insights on remote hiring in Nigeria tailored to your needs.
The termination process in Nigeria is governed by the Labour Act and the National Industrial Court Act. Under these laws, employers have the right to terminate employment contracts at any time, but they must give employees notice of termination or pay them salary in lieu of notice.
The notice period required depends on the employee's length of service, as follows:
Severance pay in Nigeria is not mandatory by law, but it is often part of an agreement between the employer and employee, or is provided under sectoral (branch) collective agreements. The amount of severance pay paid to an employee typically depends on their length of service and last salary. There are two main types of severance pay in Nigeria:
Nigeria has 11 public holidays in a calendar year, which are not included in the minimum paid leave entitlement and are taken in addition to annual leave. The following are national holidays in Nigeria:
Several government agency authorities administer Nigeria’s government benefits programs. Statutory benefits in Nigeria include:
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