Last Updated on May 29, 2023 by Twinbrodas
Talking about the salary structure and allowances in the Nigerian National Petroleum Corporation (NNPC), In this post, we will be discussing the NNPC salary structure 2023 and allowances.
How Much is paid to NNPC Staffs as Monthly Salary?
The salaries of NNPC employees are paid out of the Petroleum Profit Tax (PPT), which is generated from oil and gas sales. However, the PPT has not been generating enough revenue in recent years to cover the salaries of all NNPC employees. This has led to salary arrears and a number of other financial issues for the Corporation. According to reports, In February 2020, the NNPC board approved a new salary structure for all employees, effective from January 1, 2023. This new salary structure will see most employees receive an increase in salary, with some receiving as much as 200%.
NNPC salary structure 2023
Employees who are at beginner’s level In Nigeria are paid between N150,000 and N350,000 per month. This is the amount paid to new graduates after they have completed their internship. This payment is usually an entry-level job for staff with little or no experience.
While the Senior NNPC Staffs are paid about N500,000 to N5,000,000 each month, depending on their position. This position is for the organization’s professional staff, executives, and managers. The NNPC pays a huge salaries to senior-level employees each month.
NNPC Experienced Managers are paid between N500,000 and N1 million on average, The payment depends on the level of experience and rank. Managers in some areas of the company gain even more. Some top executives receive more than 2 million Naira per month.
The new salary structure also includes allowances for housing, transportation and feeding. The new salary structure is for all employees of the NNPC, from the top management to entry-level staff.
What are the allowances for the NNPC Staffs
The allowances for the NNPC salary structure include transport, housing, and medical allowances.
The transport allowance is an annual payment of about N20,000 to all staff of the NNPC. The housing allowance is a monthly payment of about N25,000 to all staff of the NNPC who are not accommodated in company accommodation. The medical allowance is a monthly payment of N5000 to all staff of the NNPC.
As an employee, you will be able to enjoy better salary and allowances, as well as a number of other benefits that will make your work life a lot easier.
The new salary structure is also said to be more efficient and transparent, meaning that you will be able to track your earnings more easily and know exactly where any money deducted from your salary is going.
Many people desire to work in the company because of the pay and allowances. In this article, we have explained the NNPC salary structure 2023 and allowances.