Hire your remote team in Nigeria

Name: Hire a remote team in Nigeria
Brand: Rivermate
SKU: nigeria
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

We currently do not offer any services in this country.
We're sorry for the inconvenience...

Hiring a remote team in a country as Nigeria comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Nigeria. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

Get started

Book a call

1. Hire a remote team in Nigeria with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Nigeria, particularly if you don't have established local relationships. You can hire employees in Nigeria effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Nigeria.

As an employer of record, we help you hire employees and run payroll services in Nigeria, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Nigeria.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Nigeria or individually hire remote employees in Nigeria, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Nigeria services can best help your company!

3. Hire a remote team in Nigeria

Nigeria is Africa's largest country. Nigeria is an emerging market with a mixed economy. Nigeria's main industries are petroleum, tourism, agriculture, and mining. The unemployment rate has fallen slightly from 8.1% in 2020 to 7.96% in 2021. Nigeria has a diverse range of job opportunities in many industries.

The oil and gas sector dominates the Nigerian economy, accounting for roughly 80% of total revenue. It is Africa's most populous country, opening doors to skilled and enthusiastic professionals and graduates. The country is gradually resuming normalcy following the pandemic's impact, and employment rates are increasing. The country is also a significant food exporter and importer.

4. Cost of living in Nigeria

Nigeria's cost of living is $1008, which is 1.08 times higher than the global average. Nigeria ranked 63rd out of 197 countries in terms of cost of living and 169th in terms of quality of life.

In Nigeria, the average after-tax salary is $176, which is enough to cover living expenses for 0.2 months.

Why does living in Nigeria cost 5.7 times the average salary? Because we have a reference point of a developed country lifestyle, and maintaining such a standard of living in some least developed countries is difficult and expensive. As a result, the costs of living in Nigeria for locals and expats differ significantly.

5. Cost of renting in Nigeria

Nigeria is Africa's largest and most populous country. It has many tourist attractions and is free of natural disasters. It's a fantastic place to live. Ikot Ekpene City and Ibadan City are two of the country's most affordable cities.

The cost of renting a house in Nigeria is determined by the amenities desired as well as the size of the house. Depending on where you live, a one-bedroom apartment will cost you around $719.38 (295,666.6₦). The rent is subject to increase based on the amenities available and the desired lifestyle.

6. Major industries in Nigeria

The petroleum industry is Nigeria's largest and most profitable industry. The country is one of the top ten oil producers in the world. The main export products are petroleum products and crude oil. Oil exports account for 14% of the country's GDP. It also accounts for 83% of the country's revenue.

Tourism is another important industry. Nigeria's vibrant landscape and exotic wildlife make it a popular tourist destination. Nightlife experiences in Nigeria are also popular among visitors. This industry has grown in the country. The tourism industry contributes 6% to the country's GDP.

Agriculture is another important industry in Nigeria. It employs approximately 30% of the country's labor force and offers numerous job opportunities. Oil palms are the most in need of a crop because they are used in many industries such as cosmetics, plastics, and pharmaceuticals. Cocoa is another high-demand agricultural product.

7. Hiring cost in Nigeria

When conducting a hiring process for your company, the cost of the hiring process should not be overlooked. Some of the most important factors to consider when hiring new employees are:

- Onboarding and training processes

- Cost of the hiring process

- Cost of the interview process

- Time required

8. Employment laws Nigeria

Nigeria has a highly regulated labor market in which both local and federal laws govern the scope of an employment contract. Employers in Nigeria must follow the rules and regulations for employment aspects such as:

- Maximum work hours per week

- Leaves and holidays available

- Termination of employment

- Minimum wages

9. Top skills Nigeria

Nigeria is a mixed economy and emerging market, with the service sector dominating. As a result, it is eager to hire skilled individuals and highly qualified professionals who have been trained in a variety of hard and soft skills. There are numerous opportunities for these skills, ranging from business consultant to copywriter and graphic designer.

If you are an employer and are looking to hire in Nigeria, these are the major skills and areas which have witnessed a recent growth rate

- Business

- Project Management

- Language (creative opportunities)

- Graphic Design

- Writing

- Professional skills

Every city in Nigeria has unique characteristics that make it suitable for a variety of industries. Nigeria is a beautiful country with a diverse landscape that is a great place to live and offers a diverse range of opportunities for employees from a variety of industries.

- Lagos - Lagos is Nigeria's most populous city. The city serves as the state's economic hub. It is the most important African financial center. The city is home to financial corporations, commercial banks, and major headquarters, which provides a diverse range of job opportunities. The city is also a hub for the entertainment industries, particularly the film and music industries. Another important industry in the city is tourism.

- Kanos is the country's second-most populous city. The agricultural industry is the city's mainstay. The main export products are peanuts, cotton, skins, and hides. Commerce and mining are examples of other industries. Clothing, cosmetics, pharmaceuticals, leather, foam rubber products, and candles are also popular in the manufacturing industry.

10. Economic landscape in Nigeria

According to National Bureau of Statistics reports, the Nigerian economy recovered from the pandemic and is expected to resume normal operations in 2021, after the pandemic imposed restrictions. In 2020, the GDP rate fell by 1.79% when compared to the previous year, reaching 429.42 billion USD. In the first quarter of 2021, GDP is expected to grow by 2.53%.

11. Market size in Nigeria

Nigeria's economy is a middle-income mixed economy and the largest in Africa. Manufacturing, technology, financial services, communication, and entertainment are among the expanding industries. The oil sector contributes significantly to the country's economy. Agriculture, tourism, and mining are some of the larger industries.

12. Minimum wage in Nigeria

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.

13.Why choose Rivermate to hire your remote team in Nigeria?

Establishing an entity in Nigeria to hire a team takes time, money, and effort. The labor law in Nigeria has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Nigeria 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 (EOR) solutions in Nigeria 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 Nigeria via our Employer of Record (EOR) / PEO solution.