01
Age
and Pay
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A Complex Relationship
10
%
of workers in Lagos fall between the ages of 19 and 35
However, this youthful energy faces a significant hurdle: low earning power.
Age of entry into the workforce
Nigeria 15
UK-16
USA-18
This disparity is evident in the sentiment expressed by Wale, a 22-year-old Lagosian who earns 80,000 Naira (approximately $50) monthly.
Despite their eagerness and potential, their starting salaries often force them to rely on family support for necessities like housing, hindering their ability to build financial independence.
I stay with my parents so I don’t have to pay house rent and utility bills.
Wale (22, Single, 80k)
Median Salary
Median Salary vs Age Range
<20
20-29
30-39
40-49
50-59
60>
Age Range
It doesn’t make a lot of sense until you are 50
Interestingly, the data shows a trend of higher incomes for those over 50. This trend is further exemplified by Dozie, a Lagos resident over 50 who earns a higher income (100,000 Naira) and owns his own home,
I have my own house.
Dozie (50, Married, 100k)
Thriving in Change
0
%
on basic essentials
0
%
possess valuable entrepreneurial skills
This highlights a potential disconnect between traditional markers of qualification (degrees) and the actual skills needed in today's market. This forward-thinking approach is exemplified by Hauwa, a 26-year-old Lagosian who earns 50,000 Naira monthly. Recognising the value of skills beyond formal degrees, Hauwa says:
I am saving to learn a skill
Hauwa (26, Married, 50k)
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Download the
Report
The findings of this report underscore the financial strain faced by employed Nigerians. This highlights the urgent need for innovative solutions, such as earned wage access, to provide financial relief and support the well-being of Nigerian workers.
For a deeper dive into the data and specific figures, refer to the full report:
Turn Insights into Action
Our “State of The Employed” report reveals that 70% of employees lack access to financial support from their employers. With PaidHR’s Earned Wage Access, you can offer your team instant access to part of their salary anytime—at no extra cost to your organization.
Ready to see it in action? Book a demo today.
Book a Demo
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