Offer Letter Generator — Lagos, Nigeria
Offer Letter Generator for Lagos — Nigeria Business Capital
Lagos is Nigeria's commercial capital and Africa's largest city economy. Victoria Island, Lekki, and Ikoyi house major banks, oil companies, and tech startups. The Lagos tech ecosystem, centered aroun...
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Lagos is Nigeria's commercial capital and Africa's largest city economy. Victoria Island, Lekki, and Ikoyi house major banks, oil companies, and tech startups. The Lagos tech ecosystem, centered around Yaba ('Yabacon Valley'), has produced unicorns like Flutterwave and Paystack. Average salaries range from ₦150,000-500,000/month for mid-level professionals in tech and banking.
Under the Labour Act (Cap L1, Laws of the Federation of Nigeria 2004), an employer must give a written statement of the main terms of employment within three months of the start date — covering wages, hours, leave and notice periods. A well-drafted Lagos offer letter satisfies this by spelling out the basic salary, the housing and transport allowances that make up the taxable package, and the probation period, which is commonly three to six months in the private sector.
Two figures every Lagos offer should reference are the national minimum wage, raised to ₦70,000 a month by the National Minimum Wage Act 2024, and the pension contribution mandated by the Pension Reform Act 2014 — a minimum of 18% of basic, housing and transport (10% from the employer, 8% from the employee) paid into the employee's Retirement Savings Account through a licensed Pension Fund Administrator. Fintech and banking employers on Victoria Island often add HMO health cover, a 13th-month bonus and stock options on top of the headline number.
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FAQ
Frequently Asked Questions
Lagos tech salaries have grown significantly with the fintech boom. Junior developers earn ₦150,000-350,000/month, mid-level engineers earn ₦400,000-800,000/month, and senior engineers at top companies can earn ₦1,000,000-3,000,000+/month. Fintech companies like Flutterwave, Paystack, and Moniepoint offer competitive packages including health insurance and sometimes USD-denominated components. Remote roles for international companies pay even higher, often in USD. The Yaba tech hub and Victoria Island financial district are the main employment centers.
The Labour Act (Cap L1 LFN 2004) requires an employer to give the employee a written statement of the main terms within three months of starting. In practice a Lagos offer letter should state the job title and reporting line, the start date, the basic salary and the housing and transport allowances that make up the package, working hours, annual and sick leave, the probation and notice periods, and the pension and HMO arrangements. Fintech and banking offers on Victoria Island usually add bonus, 13th-month and sometimes equity terms, which should be written clearly to be enforceable.
Under the Pension Reform Act 2014 the minimum contribution is 18% of the sum of basic, housing and transport allowances — 10% from the employer and 8% from the employee — paid into the worker's Retirement Savings Account with a licensed Pension Fund Administrator. The scheme is mandatory for employers with 15 or more staff, and smaller firms can join voluntarily under PenCom guidelines. Many Lagos employers round their own contribution up above the statutory minimum as a retention incentive.
Yes. Most Lagos private-sector offers include a probation period of three to six months, during which either side can end the relationship on shorter notice. The offer letter should state the length of probation, the notice that applies during it, and what confirmation involves — usually a performance review. After confirmation the full contractual notice period applies. Probation terms are a matter of contract in Nigeria rather than statute, so spelling them out in the offer letter avoids later disputes.