NIGERIA
HR Outsourcing Solutions
Delegate Your HR Functions To Us in Nigeria
About Nigeria
Page Last Updated: 04/06/2026
Nigeria, situated in West Africa, is a vibrant and diverse nation with a rich tapestry of cultures, landscapes, and economic opportunities. As the most populous country on the African continent, Nigeria boasts a dynamic blend of traditional heritage and modern urban life. Africa HR Solutions has aided numerous companies in expanding in-country, navigating complexities and ensuring seamless operations. Beyond getting your employees onboarded and paid on time, we also provide them with a comprehensive benefits package.
Population: 227.71 M
Gross Domestic Product (GDP): $252.74 B
GDP Growth: 3.3%
Inflation: 26.3%
Foreign Direct Investment (% of GDP): 0.0%
Unemployment Rate: 3.58%
Capital: Abuja
Currency: Nigerian naira (NGN)
Languages: English
Nigeria Payroll at a Glance
Currency
Nigerian naira (NGN)
Income Tax
7%-24%
Employer Taxes
12%
Employee Contribution
11.5%
Fiscal Year
1 January - 31 December
Date Format
dd/mm/yyyy or mm/dd/yyyy
Interesting Facts About Nigeria
- Nigeria is home to over 250 ethnic groups, with Hausa, Igbo, and Yoruba being the largest.
- Nigeria gained independence from British rule on October 1, 1960.
- Nigeria is a major oil producer, ranking among the top 10 globally.
- Nollywood, Nigeria’s film industry, is the second-largest in the world in terms of output, surpassing Hollywood by the number of films produced annually.
- Nigeria is known for its diverse cuisine, including dishes like jollof rice, suya, and egusi soup.
Public Holidays in Nigeria
- New Year’s Day
- Good Friday
- Easter Monday
- Labor Day
- Democracy Day
- Eid-ul-Fitr
- Eid-ul-Kabir
- National Day
- Eid-ul-Moulud
- Christmas Day
- Boxing Day

While the content presented on this webpage is accurate as of the time of publication, it is imperative to recognise that the content is provided solely for informational purposes and does not constitute legal and/or tax advice. To obtain the most current and precise guidance, it is essential to verify specific details related to employment or compliance with our experts or consult your own legal and/or tax advisor(s). Africa HR Solutions Ltd. explicitly does not offer legal or tax advice. The information provided is general in nature, not tailored to a specific company or workforce, and does not reflect the service delivery of Africa HR Solutions in any given jurisdiction. Africa HR Solutions makes no representations or warranties regarding the accuracy, completeness, or timeliness of this information and disclaims any liability arising out of or in connection with it, including any loss resulting from the use of or reliance on the information.
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