Looking for the top 10 highest paying parastatals in Nigeria 2025? You’re not alone. Many Nigerian graduates, job seekers, civil servants, and career planners want to know which federal parastatals pay the best salaries in Nigeria this year.
This guide gives you a complete breakdown of the highest paying federal parastatals in Nigeria in 2025, including salary structures, allowances, job benefits, and why these government agencies are highly competitive to join.
Whether you’re preparing for federal job exams, planning a government career, or simply researching salary structures in Nigeria, this article has everything you need to know.
What Is a Parastatal in Nigeria?
A parastatal is a government-owned agency, corporation, or body created by law to perform specific public functions. These organizations are usually semi-autonomous but operate under the supervision of federal ministries.
They are responsible for delivering public services in key sectors like oil and gas, electricity, banking, communications, and national security.
Why Do People Prefer Working in Parastatals?
Federal parastatals are among the most attractive employers in Nigeria because of:
Stable salary structure (CONRAISS, CONUASS, or special pay scales)
Job security and pension
Housing, transport, and medical allowances
Annual leave and bonuses
Regular promotions and training
Prestige and networking opportunities
Now, let’s explore the top 10 highest paying parastatals in Nigeria in 2025 and how much they pay.
1. Central Bank of Nigeria (CBN)
The Central Bank of Nigeria is Nigeria’s apex financial institution and one of the highest paying parastatals in the country.
Entry-level salary: ₦350,000 – ₦500,000 monthly
Mid-level salary: ₦750,000 – ₦1.2 million monthly
Director-level salary: Over ₦2.5 million monthly
Annual bonuses & allowances: Yes (transport, housing, lunch subsidy)
Why it pays well:
CBN handles monetary policy, bank regulation, and financial system stability. Because of its sensitive national role, the pay scale is designed to attract top talent in finance, economics, law, and ICT.
2. Nigerian National Petroleum Company Limited (NNPC)
NNPC is Nigeria’s state-owned oil company and a giant in the energy sector. It's easily one of the best paying federal jobs in Nigeria.
Entry-level salary: ₦300,000 – ₦500,000 monthly
Senior engineer salary: ₦700,000 – ₦1.5 million monthly
Top executive salary: ₦2 million and above
Additional perks: Car allowance, housing, medical, offshore bonus, foreign training
Why it pays well:
NNPC controls Nigeria’s oil revenues and upstream/downstream operations. Due to international competition for skilled professionals, they offer competitive pay packages.
3. Nigerian Communications Commission (NCC)
The NCC regulates Nigeria’s telecom industry. It is among the most technologically advanced and well-funded federal agencies.
Entry-level salary: ₦250,000 – ₦400,000 monthly
Mid-level salary: ₦600,000 – ₦1 million monthly
Senior executive salary: ₦1.8 million and above
Bonuses: Communication, data, travel, and internet allowances
Why it pays well:
As the regulator of a multi-trillion naira industry, NCC offers excellent pay to attract lawyers, ICT experts, engineers, and economists.
4. Nigerian Ports Authority (NPA)
NPA manages Nigeria’s seaports and generates huge revenue from international trade.
Entry-level salary: ₦200,000 – ₦350,000 monthly
Managerial salary: ₦600,000 – ₦1 million monthly
Executive directors: ₦1.5 million and above
Extra perks: Housing, maritime hazard, and risk allowances
Why it pays well:
The ports are vital to Nigeria’s economy. NPA ensures top-tier salaries to retain maritime experts and customs professionals.
5. Federal Inland Revenue Service (FIRS)
FIRS is the major revenue-generating body in Nigeria. It collects taxes and ensures compliance with federal tax laws.
Entry-level salary: ₦220,000 – ₦300,000 monthly
Tax officer salary: ₦450,000 – ₦800,000 monthly
Director salary: ₦1.5 million and above
Allowances: Fieldwork, hazard, performance bonuses
Why it pays well:
FIRS rewards performance-based results and offers financial incentives to attract accountants, lawyers, economists, and auditors.
6. Nigerian Maritime Administration and Safety Agency (NIMASA)
NIMASA oversees maritime safety, shipping regulation, and maritime labor in Nigeria.
Entry-level salary: ₦220,000 – ₦350,000 monthly
Naval architect/surveyor: ₦600,000 – ₦1 million monthly
Management roles: ₦1.5 million and above
Perks: Marine duty, risk allowance, international travel
Why it pays well:
Due to the global nature of maritime operations, NIMASA offers competitive salaries for skilled professionals in engineering and marine law.
7. Department of Petroleum Resources (DPR) → Now NUPRC
Now called the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), this body regulates Nigeria’s upstream oil sector.
Entry-level salary: ₦280,000 – ₦400,000 monthly
Mid-level engineers: ₦600,000 – ₦900,000 monthly
Top management: ₦1.8 million monthly
Extras: Housing, field risk, transport, and foreign training
Why it pays well:
They supervise billion-dollar oil investments, hence the need to offer attractive salaries to petroleum engineers, analysts, and legal experts.
8. National Information Technology Development Agency (NITDA)
NITDA is Nigeria’s ICT regulatory body and plays a major role in national digital transformation.
Entry-level salary: ₦200,000 – ₦300,000 monthly
Tech specialist salary: ₦500,000 – ₦800,000 monthly
Directorate positions: ₦1.5 million monthly
Allowances: Data, software license, laptop grants, training abroad
Why it pays well:
Technology is the future, and NITDA invests heavily in attracting top tech professionals and cybersecurity experts.
9. National Pension Commission (PenCom)
PenCom regulates pension funds and retirement benefits for federal and private sector employees.
Entry-level salary: ₦180,000 – ₦280,000 monthly
Mid-level officers: ₦450,000 – ₦750,000 monthly
Top directors: ₦1.4 million monthly
Other perks: Housing loan schemes, long service bonus
Why it pays well:
PenCom handles trillions in pension assets and needs professionals in finance, law, and data management to maintain trust and compliance.
10. Bank of Industry (BOI)
BOI is a development finance institution that supports industrial and small-scale business development in Nigeria.
Entry-level salary: ₦200,000 – ₦300,000 monthly
Senior banking roles: ₦600,000 – ₦1 million monthly
Executive staff: ₦2 million and above
Bonuses: Profit sharing, training allowance, relocation package
Why it pays well:
As a top-performing agency, BOI pays highly to retain investment bankers, economists, and loan experts.
Summary Table: Highest Paying Parastatals in Nigeria (2025)
| Rank | Parastatal/Agency | Entry-Level Salary (₦) | Top Salary (₦) |
|---|---|---|---|
| 1 | Central Bank of Nigeria (CBN) | 350k – 500k | 2.5 million+ |
| 2 | NNPC | 300k – 500k | 2 million+ |
| 3 | NCC | 250k – 400k | 1.8 million+ |
| 4 | NPA | 200k – 350k | 1.5 million+ |
| 5 | FIRS | 220k – 300k | 1.5 million+ |
| 6 | NIMASA | 220k – 350k | 1.5 million+ |
| 7 | NUPRC (Former DPR) | 280k – 400k | 1.8 million+ |
| 8 | NITDA | 200k – 300k | 1.5 million+ |
| 9 | PenCom | 180k – 280k | 1.4 million+ |
| 10 | Bank of Industry (BOI) | 200k – 300k | 2 million+ |
Pro Tips for Getting Jobs in High Paying Parastatals
Pass federal recruitment exams – Most agencies use CBT tests and interviews.
Build your qualifications – Degrees in law, engineering, finance, and ICT are in high demand.
Gain NYSC experience in a related sector
Follow recruitment portals and announcements
Prepare a solid CV and cover letter tailored to public service roles.
FAQs – Highest Paying Parastatals in Nigeria 2025
Which federal agency pays the highest salary in Nigeria?
CBN is the highest paying parastatal in 2025, followed closely by NNPC.
Do parastatals pay better than ministries?
Yes. Parastatals have more flexible salary structures and higher allowances compared to regular federal ministries.
Can HND holders work in top parastatals?
Yes, especially in technical or administrative roles, though BSc holders often get preference.
Do federal jobs include pension and health benefits?
Yes. Most parastatals provide pension, healthcare, leave allowance, and group life insurance.
Final Thoughts – Top 10 Highest Paying Parastatals in Nigeria 2025
If you’re looking for job security, good pay, and long-term benefits, working in one of the highest paying parastatals in Nigeria in 2025 is one of the best decisions you can make.
These agencies offer competitive salaries, structured promotions, and a chance to build a stable future. With the right qualifications, determination, and preparation, you too can land one of these top federal jobs.