Highest Paid Government Parastatals In Nigeria

Highest Paid Government Parastatals In Nigeria. Want To Get Information On The Highest Paying Government Agencies? Check This Post For More.

Highest Paid Government Parastatals In Nigeria

Are you willing to get a government job? Do you wish to know the highest paid government parastatals in Nigeria? Then you have definitely come to the right platform for such information. I have made a list of the highest paid government parastatals in Nigeria in this article which I am sure will be highly informative to you.

What are government parastatals?

Government parastatals are simply companies, agencies or organizations that are owned and controlled by the government either fully or partially.

Here is the list of the highest paid government parastatals in Nigeria:

  1. Nigerian National Petroleum Company (NNPC)
  2. Bank of Industry (BOI)
  3. Central bank of Nigeria (CBN)
  4. Nigerian Maritime Administration and Safety Agency (NIMASA)
  5. Nigerian Ports Authority (NPA)

Highest Paid Government Parastatals In Nigeria

1.   NIGERIAN NATIONAL PETROLEUM COMPANY (NNPC)

The Nigerian national petroleum company is considered as the highest paid government parastatal in Nigeria. This particular agency is one that is responsible for the management of the federal government’s dealings of oil and gas both within and outside the country. The Nigerian national petroleum company was established in 1977. The creation of the Nigerian National Petroleum company was done with the merging of the Nigerian National Oil Corporation and the Federal ministry of mines and steel.

Read Also: Npower Recruitment Application Portal npvn.npower.gov.ng 2020/2021

The main function of the Nigerian national petroleum company is to manage and regulate the venture between the Federal Government of Nigeria and the foreign multinational corporations. Some examples of some of the companies are

  1. Exxonmobil
  2. Agip
  3. Cheveron
  4. Shell etc.

It should be noted that the headquarters of the Nigerian national petroleum company is located at the NNPC towers which is in the Federal capital territory. They also have different zonal offices which are located in some states like Lagos, Kaduna, and Port Harcourt etc.  They also pay their staffs in dollars which makes them one of the best places to work. Here is a brief rundown of how they are being paid:

  1. An intern earns around 31,000 to 50,000 naira
  2. An entry level staff earns around 180,000 to 350,000 naira
  3. Sale manager earns around 300,000 to 450,000 naira
  4. Experienced hires earns around 500,000 to 1,000,000 naira
  5. Anybody in managerial position earns around 500,000 to 1,000,000 naira

2.   BANK OF INDUSTRY (BOI)

Another government parastatal that is considered to be one of the highest paid as well is the bank of industry (BOI). The bank of industry or the BOI is considered to be the largest development finance institution going on in Nigeria presently. The bank of industry (BOI) owns three entities which are: the ministry of finance incorporated Nigeria, the central bank of Nigeria, private stake holders.

The objective of the bank of industry (BOI) is to ensure that it promotes youth entrepreneurship, any business and any other project that would be for the benefit of Nigeria at large. This particular parastatal or agency is also said to be one of the best that pays well. It should be noted that the average salary of each employer per year is said to be about 20,000,000 naira. Here is a breakdown of the average salary of some of its employees:

  1. An analyst earns about 350,000 naira
  2. A banking officer earns about 570,000 naira

3.   CENTRAL BANK OF NIGERIA (CBN)

Another government parastatal that is considered to be one of the highest paying is the central bank of Nigeria (CBN). One thing that you should know about the central bank of Nigeria (CBN) is that it was established or founded by the CBN Act of 1958 but CBN formerly began proper operations on the 1st of August 1959.

The central bank of Nigeria (CBN) as we all know is the head of all the commercial banks in Nigeria and it has played a very significant role in trying to maintain capital reserve for the operations commercial banks in Nigeria. The Central bank of Nigeria (CBN) is known to be the highest monetary authority in Nigeria.

The activities of the central bank of Nigeria (CBN) are usually kept very confidential but we have gathered a few information as regards the average pay of some of the employees of the central bank of Nigeria (CBN) which are:

  1. A trainee earns about 50,000 naira
  2. An entry level staff earns about 120,000 naira
  3. A loan officer earns amount 573,000 naira
  4. A credit analyst earns about 647,000 naira
  5. A branch manager earns about 732,000 naira

The central bank of Nigeria (CBN) is simply a very good place to secure a job considering the current state of the Nigerian economy today.

Read Also: Federal Government Recruitment 2020/2021 Application Form Portal

4.   NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY (NIMASA)

Another government parastatal that is considered to be one of the highest paying is the Nigerian maritime administration and safety agency (NIMASA). In this particular agency, the pay is quite attractive and they are quite paid decently. It is quite important to note that the Nigerian maritime administration and safety agency (NIMASA) was established in the year 2006 and it major function is to regulate the Nigerian shipping industry, the maritime labour and also the coastal waters together with the Nigerian Navy.

It should be noted that the Nigerian maritime administration and safety agency (NIMASA) has a lot of other functions that it performs alongside with its major function. the average pay of an entry level staff of the Nigerian maritime administration and safety agency (NIMASA) is around 200,000 to 240,000 naira.

5.   NIGERIAN PORTS AUTHORITY (NPA) 

Another government parastatal that is considered to be one of the highest paying is the Nigerian ports authority (NPA). Here is a pay rundown of some of the employees of the Nigerian ports authority (NPA):

  1. A counselor earns about 180,000 naira to 200,000 naira
  2. A deck cadet earns about 250,000 naira to 300,000 naira
  3. HSE officers earn about 300,000 naira to 400,000 naira
  4. Control and instrumentation engineers earn about 450,000 naira to 600,000 naira

This is definitely not a bad place to work at all as the pay is quite an attractive one. I really hope that this article is quite helpful to you.

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Ruth Aldama

Ruth Aldama is a Content Developer at BenUpdate.com. Ben Update Is A Team of Resource Persons and Consultants. If You Need A Personal Assistance on This Topic, Kindly Contact Us.

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