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Ease of doing business
02. Grow your team in
Payroll, benefits, taxes, and compliance can be difficult to manage in
, particularly if you don't have established local relationships. You can hire employees in
effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global employment solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.
Nigeria is a country in West Africa that is formally known as the Federal Republic of Nigeria. It is bordered on the north by Niger, on the northeast by Chad, on the east by Cameroon, and on the west by Benin. Its southern coast runs along the Atlantic Ocean's Gulf of Guinea. Nigeria is a federal republic made up of 36 states and the Federal Capital Territory, which includes Abuja, the country's capital. Lagos, Nigeria's and Africa's largest capital, is one of the world's largest metropolitan areas. Nigeria has been home to many indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC representing the country's first internal unification. The modern state arose from British colonialization in the nineteenth century, and Lord Lugard's merger of the Southern and Northern Nigeria Protectorates in 1914 gave it its current territorial form. The British developed administrative and legal systems while using traditional chiefdoms to exercise indirect rule. On October 1, 1960, Nigeria became a formally independent federation. It went through a civil war from 1967 to 1970, then a series of democratically-elected civilian governments and military dictatorships before achieving stability in the 1999 presidential election; the 2015 election was the first time an sitting president had lost re-election. Nigeria is a multicultural state populated by more than 250 ethnic groups speaking 500 different languages. The Hausa–Fulani in the north, Yoruba in the west, and Igbo in the east are the three main ethnic groups, accounting for over 60% of the total population. The official language is English, which was chosen to promote linguistic harmony throughout the country. Nigeria's constitution guarantees religious freedom, and the country is home to some of the world's largest Muslim and Christian populations. Nigeria is roughly split in half, with Muslims in the north and Christians in the south; indigenous religions, such as those of the Igbo and Yoruba ethnic groups, are in the minority. Nigeria is Africa's most populous country and the world's seventh most populous country, with an estimated population of 206 million people. Its economy is the largest in Africa, ranked 26th in the world by nominal GDP and 25th in terms of purchasing power parity. Nigeria is known as the "Giant of Africa" due to its massive population and economy, and the World Bank classifies it as an emerging market. It is an rising global force, a regional power in Africa, and a middle power in international relations. However, the country has a low Human Development Index and is also one of the world's most corrupt countries.
04. Public holidays
05. Types of leave
Paid time off
Employees are paid for six days.
Nigeria recognizes thirteen public holidays.
Employees are compensated with twelve sick days per year.
Mothers who have worked for the firm for at least six months are entitled to 12 weeks of maternity leave (six weeks before and six weeks after the delivery), paid at 50% of their usual wage.
Nigeria does not have a national paternity leave.
Nigeria does not have a national parental leave.
06. Employment termination
Employment may be terminated at any moment by either the employer or the employee with sufficient notice.
The amount of notice required varies according to the length of service. For less than three months of service, a one-day notice period is required. If an employee has worked for the company for three months to two years, they are entitled to a one-week notice period. Two weeks will be granted for every two to five years of service. Finally, employees with more than five years of service are entitled to a one-month notice period.
There is no law requiring severance pay but it is usually part of an agreement between the employer and employee.
There is no specific provision regarding the length of a probation period in Nigeria.
07. Working hours
Individual or collective bargaining agreements, or the industrial wage board, determine work hours in Nigeria. The typical workweek, on the other hand, is 40 hours with an eight-hour day.
Overtime is permitted and is specified in the employment contract or collective bargaining agreement.
08. Minimum wage
In 2018, the minimum salary was 18,000 NGN per month, however beginning of April 2019, it has increased to 30,000 NGN per month.
09. Employee benefits
Although public healthcare is accessible in Nigeria, employers often offer supplemental private healthcare insurance.
Pension plans, dental benefits, life insurance, stock options, a vehicle allowance, and a mobile phone are all common perks.
10. Why Rivermate as your Employer of Record / PEO?
Establishing an entity in
to hire a team takes time, money, and effort. The labor law in
has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into
simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record solutions in
give you peace of mind so you can focus on running your business.
Please contact us if you'd like to learn more about how Rivermate can help you hire employees in
via our Employer of Record / PEO solution.
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