Average Corporate Counsel Salary in Nigeria for 2024

In this article, we will look at the average Corporate Counsel salary for 2024 in Nigeria and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Nigerian naira. To keep things simple, we are using the NGN currency code instead of the currency symbol โ‚ฆ.

How Much Does a Corporate Counsel Make in Nigeria?

A Corporate Counsel working in Nigeria will typically earn around 5,914,900 NGN per year, and this can range from the lowest average salary of about 2,724,700 NGN to the highest average salary of 9,409,200 NGN.

Average Annual Salary
5,914,900 NGN
Average Monthly Salary
492,908 NGN

Lowest Annual Salary
2,724,700 NGN
Lowest Monthly Salary
227,058 NGN

Highest Annual Salary
9,409,200 NGN
Highest Monthly Salary
784,100 NGN

These are average salaries for a Corporate Counsel in Nigeria and include benefits such as housing and transport. It's also possible for a Corporate Counsel to earn more or less than the average salaries shown above.

Corporate Counsel salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Corporate Counsel Salaries in Nigeria

So we've looked at the average salaries a Corporate Counsel will earn in Nigeria. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Corporate Counsel can earn between 2,724,700 NGN and 9,409,200 NGN on average in Nigeria. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Corporate Counsel in Nigeria is 6,382,300 NGN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 6,382,300 NGN, and 50% of the population earn more than 6,382,300 NGN.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Corporate Counsel salary in Nigeria, 25% of the population are earning less than 4,102,700 NGN while 75% of the population earn more than 4,102,700 NGN.

75% of the population earn less than 8,533,800 NGN, and 25% of the population earn more than 8,533,800 NGN.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Corporate Counsel Salary by Experience Level in Nigeria

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average corporate counsel salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Corporate Counsel in Nigeria that has less than two years of experience can expect to earn somewhere in the region of 3,085,500 NGN.
  • 2 - 5 Years Experience. With two to five years of experience the average Corporate Counsel salary would increase to 4,129,300 NGN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Corporate Counsel, the average salary would be 6,096,900 NGN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 7,441,400 NGN.
  • 15 - 20 Years Experience. A Corporate Counsel with 15 to 20 years of experience can earn an average of 8,099,800 NGN.
  • 20+ Years Experience. For a Corporate Counsel with more than 20 years, the expected average salary increases to 8,771,100 NGN.

Average Salary by Experience Chart

0-2 Years
3,085,500 NGN
2-5 Years +34%
4,129,300 NGN
5-10 Years +48%
6,096,900 NGN
10-15 Years +22%
7,441,400 NGN
15-20 Years +9%
8,099,800 NGN
20+ Years +8%
8,771,100 NGN

Corporate Counsel Salary by Education Level in Nigeria

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Corporate Counsel in Nigeria based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Corporate Counsel in Nigeria with a certificate or diploma education can earn an average salary of 3,529,600 NGN.

  • Bachelor's Degree. A Corporate Counsel in Nigeria with a bachelor's degree education can earn an average salary of 5,531,100 NGN.

  • Master's Degree. A Corporate Counsel in Nigeria with a master's degree education can earn an average salary of 9,276,800 NGN.

Average Salary by Education Chart

Certificate or Diploma
3,529,600 NGN
Bachelor's Degree +57%
5,531,100 NGN
Master's Degree +68%
9,276,800 NGN

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Nigeria is around 1,690,000 to 5,080,000 NGN and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Corporate Counsel Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Nigeria, a male corporate counsel will earn an average of 6,505,500 NGN, while a female corporate counsel will earn around 5,340,600 NGN.

This means that a male corporate counsel earns approximately 22% more than a female corporate counsel for performing the same job.

Average Salary by Gender Chart in Nigeria

Male
6,505,500 NGN
Female -22%
5,340,600 NGN

Corporate Counsel Average Pay Raise in Nigeria

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Corporate Counsel in Nigeria is around 11% every 19 months.

The national average pay raise across all professions and industries in Nigeria is around 8% every 19 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 19 ) × 12  = 7%

What this means is that a Corporate Counsel in Nigeria can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Nigeria for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Nigeria.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Corporate Counsel Bonus and Incentive Rates in Nigeria

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Corporate Counsel is a low bonus based job, with 31% of employees reporting at least one bonus in the last 12 months.

69% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
31%
No Bonus
69%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Nigeria earn approximately 6% more than private sector employees in the same role.

Public Sector
4,162,800 NGN
Private Sector -6%
3,934,900 NGN

Salaries for Jobs Similar to a Corporate Counsel

In the table below, we have salary information for jobs that are similar to a Corporate Counsel in Nigeria.

Job Title Category Salary
Administrative Law Judge Legal 10,306,800 NGN
Arbitrator Legal 4,846,300 NGN
Associate Attorney Legal 4,981,700 NGN
Attorney Legal 7,834,900 NGN
Bailiff Legal 2,519,500 NGN
Barrister Legal 2,052,200 NGN
Candidate Attorney Legal 4,690,500 NGN
Conciliator Legal 3,755,300 NGN
Contracts Associate Legal 2,557,100 NGN
Contracts Manager Legal 4,488,100 NGN
Contracts Negotiator Legal 3,685,200 NGN
Contracts Specialist Legal 2,447,200 NGN
Conveyancing Secretary Legal 2,015,600 NGN
Counsel Legal 5,868,200 NGN
Court Clerk Legal 1,751,700 NGN
Court Judicial Assistant Legal 3,108,200 NGN
Court Liaison Specialist Legal 3,455,900 NGN
Court Reporter Legal 3,071,100 NGN
Court Representative Legal 2,281,800 NGN
Crown Prosecution Service Lawyer Legal 11,232,800 NGN
General Counsel Legal 10,199,600 NGN
Immigration Executive Legal 5,614,600 NGN
In House Counsel Legal 5,975,000 NGN
Intellectual Property Specialist Legal 4,093,700 NGN
Judge Advocate Legal 7,993,600 NGN
Law Clerk Legal 1,800,200 NGN
Lawyer Legal 7,453,000 NGN
Legal Administrative Assistant Legal 2,052,200 NGN
Legal Advisor Legal 4,570,300 NGN
Legal Assistant Legal 2,015,600 NGN
Legal Associate Legal 3,733,300 NGN
Legal Consultant Legal 4,846,300 NGN
Legal Consultant Legal 4,981,700 NGN
Legal Counsel Legal 5,663,200 NGN
Legal Editor Legal 3,829,500 NGN
Legal Executive Legal 7,174,700 NGN
Legal Executive Secretary Legal 2,052,200 NGN
Legal IP Officer Legal 1,835,700 NGN
Legal Officer Legal 2,401,300 NGN
Legal Secretary Legal 2,230,100 NGN
Legal Services Director Legal 9,179,000 NGN
Legal Services Manager Legal 8,952,900 NGN
Legal Support Worker Legal 1,500,800 NGN
Legislative Liaison Legal 3,792,300 NGN
Litigation Attorney Legal 9,623,400 NGN
Litigation Paralegal Legal 4,642,200 NGN
Magistrate Judge Legal 11,782,700 NGN
Paralegal Legal 3,061,300 NGN
Patent Attorney Legal 5,963,300 NGN
Staff Attorney Legal 6,263,400 NGN

Salary Comparison by City

If you want to compare salaries with different cities in Nigeria, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Benin City 5,099,700 NGN
Ibadan 5,880,300 NGN
Kaduna 5,183,700 NGN
Kano 5,902,400 NGN
Lagos 5,952,700 NGN

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