Rate benchmarks · Nigeria

Rate benchmarks for fractional executives (Nigeria, NGN)

What fractional CFOs, CTOs, CMOs and COOs charge in NGN per day and per month.

NGN 6–12M
Typical fractional CFO monthly retainer
Source: AndAssociates market observation, 2026
NGN 5–11M
Typical fractional CTO monthly retainer
Source: AndAssociates market observation, 2026
Regional context · Nigeria

Payroll and tax

  • Currency: NGN
  • Data protection: Nigeria Data Protection Act (NDPA) 2023 and NDPR
  • Payroll: PAYE, pension and NHF are withheld centrally; retainers are invoiced in NGN or USD.

Retainers are paid net of PAYE, pension and NHF, which AndAssociates withholds centrally.

Frequently asked questions

Quote in USD to hedge FX risk on cross-border retainers; quote in NGN for Nigerian founders paying locally, and refresh every quarter.