Hi there! We are glad that you join us as we continue to dish you the salary scale of different professions in Nigeria. Today, we are concerned with Agricultural Economics Salary in Nigeria.
Perhaps you have heard of this profession or have a little idea about its job description and you are asking about Where can an Agricultural Economist Work in Nigeria as well as Agricultural Economics Jobs Salary in Nigeria, then you have come to the right place and you are reading the right article where you will be enlightened on the salary scale of agricultural economics.
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Agricultural Economics Salary in Nigeria
Our discussion on Agricultural Economics Salary in Nigeria will enlighten you and inform you on whether agricultural economists are well paid or not, especially if you are interested in making this profession a lifetime career and interested to know Where can an Agricultural Economist Work in Nigeria.
The field of agricultural economics is a branch of economics that deals with the application of economic theory in optimizing food and fiber production and distribution. More so, they specialize in the economic activities of the agricultural market among others.
Having said a bit about the agricultural economics profession and as we continue in our discourse on Agricultural Economics Salary in Nigeria, we will now take an in-depth discussion on Agricultural Economics Jobs Salary in Nigeria.
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Agricultural Economist Salary in Nigeria
The Agricultural Economist profession in Nigeria is not among the highest-paid profession in Nigeria and their average salary is not compared to some professions in Nigeria especially the likes of engineering, and medicine, among others. As such, the average monthly salary of an Agricultural Economist is in the range of N30,000 (minimum) to N100, 000 (Maximum). This is dependent on their educational level and years of work experience.
Before we further continue our discourse on Agricultural Economics Jobs Salary in Nigeria, we will like to iterate that the average monthly salary of this profession stated above is inclusive of housing, transport, bonuses, and allowances as well as other benefits of the profession.
Also, the salary of agricultural economists in Nigeria varies across states and the organizations where they work, including years of work experience, gender, skills, and location.
Agricultural Economist Salary by Experience in Nigeria
- The years of work experience is one of the major factors that serve as a yardstick in agricultural economic professional salary in Nigeria. Take a look at the salary scale by experience below.
- Agricultural economics with 0 – 2 Years work experience salary is estimated to be N35, 000 at entry-level monthly.
- Those with work experience of 2 – 5 Years earn a salary estimated to be N50, 000 monthly at entry-level
- Also, agricultural economics professionals with a work experience of 5 – 10 years earn a salary estimated to be N70,000 monthly at entry-level
- Agricultural economics professionals that have the work experience of 10 – 15 years earn a salary estimated to be N120, 000 per month at entry-level
- Agricultural economics with 15 – 20 years of work experience earn a salary estimated to be N150,000 per month at entry-level.
- Agricultural Economist Salary Structure by Education in Nigeria
- Another benchmark that measures the Agricultural Economics Salary in Nigeria 2021 is the educational attainment of this professional. The salary of this professional differs by educational qualification as highlighted below.
- Agricultural Economists with a Bachelor’s Degree earn a salary between the ranges of N50, 000 – N100, 000 monthly at the entry-level.
- Agricultural Economists with a Master’s Degree earn a salary that is above N100, 000 per month at entry level.
Roles and Duties of Agricultural Economics
- Agricultural economics professionals are trained specialist who examines data to determine patterns and trends in economic activity in the agricultural sector.
- Agricultural marketing systems
- Agricultural policy
- Commodity exchanges
- Conduct research to collect data and market samples.
- Farm credit
- Food science
- Natural resource management
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Universities in Nigeria to Study Agricultural Economics
Agricultural economics is a field that requires you to enroll in a higher school of learning to obtain the degree that is needed for it. Interestingly, it is a 4-years course and during this period, students that enroll in this profession are trained on the different economic theories and approaches that can be used to maximize the farm products.
More so, students will during their educational training be trained on operation research which teaches them how to distribute the farm produce generated to different locations and at the same time still be cost-effective in the process.
Below is a comprehensive list of higher schools of learning where Agricultural Economics is available.
- Crawford University
- Delta State University
- Federal University of Agriculture, Abeokuta
- Federal University of Technology, Akure
- Federal University of Technology, Owerri
- Igbinedion University
- Ladoke Akintola University of Technology
- Landmark University
- Niger Delta University
- Obafemi Awolowo University
- Olabisi Onabanjo University
- Osun State University
- University of Benin
- University of Ibadan
- University of Nigeria
Now that you are familiar with the list of higher schools of learning where you can study agricultural economics, you should also know the requirements.
To gain admission into any of the institutions above to study agricultural economics, you will need to sit for the Unified Tertiary Matriculation Examination (UTME) which is organized by the Joint Admission Matriculation Board (JAMB).
JAMB must also be with the subject combination English Language (compulsory) and other three subjects which can either be Biology or Agricultural Science, Chemistry and Physics or Mathematics.
Not just that, you are required to have a 5 credit pass in WAEC/NECO in subjects such as Mathematics, English Language, Geography (or Economics, Physics), Chemistry, and Biology (or Agricultural Science).
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Where can an Agricultural Economist Work in Nigeria
It is important to also consider you can fit in after the completion of your academic program. Knowing that the same thought about Where can an Agricultural Economist Work in Nigeria is considered by many individuals before diving to study this course. As such we find it imperative not to shy away from this discourse making this one of the important segments of this article.
A degree in agricultural economics can earn you a successful career in farming such as crop and animal farming.
There are other jobs available outside farming that professionals of this profession can fit into including
- Academic institutions
- Accounting firms
- Financial institutions
- Agricultural organizations (i.e. Farms, Research Institutes, etc.)
- Bottling Plants
- Tobacco Companies
- Food Processing
- agribusiness & Manufacturing Firms (i.e. flour mill, cassava processing plants, Cake makers)
- Furniture Manufacturing
- Leather Tanning
- Footwear Manufacturing
- Logistics, and Supply Chain
- Government Agencies
- non-governmental organization
- Paper Products Manufacturing
- Textiles Industries.
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Skills of an Agricultural Economist
There are a set of skills and techniques that you also need to possess aside from the educational qualification. To be outstanding in this profession, you need to think outside the box and go beyond the knowledge acquired within the four walls of the classroom. Below are sets of skills that will help you in this line of profession.
- Analytical and problem-solving skills
- Good attention to detail
- Good judgment and decision making skills
- Good listening and communication skills
- Knowledge of agricultural systems and techniques
- in-depth knowledge of economic methods and theories
- Possess quality leadership skills
- Math and computer skills
- Observational skills
- Patience and persistence
- Sales and marketing skills
- Ability to identify problems, predict outcomes, and evaluate policies
- Ability to be current on the latest events
- Ability to work independently and at the same time with the team
- Time-management and organizational skills
- In-depth knowledge of agricultural business management
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Conclusion on Agricultural Economics Salary in Nigeria
In conclusion, you can see that Agricultural Economics Jobs Salary in Nigeria is not among the highest-paid professions in Nigeria as we discussed earlier in this article on Agricultural Economics Salary in Nigeria. More so, I believe that you have been well informed about the job description of this profession as well as Where can an Agricultural Economist Work in Nigeria.
With all that being said, we hope that you have learned one or more information about this profession including their salary scale, where they can work, and their job description. We will now like to hear from you on how helpful this article has been to you.