The Nigerian National Petroleum Corporation (NNPC) which has recently adopted the name Nigerian National Petroleum Company Limited (NNPCL) is the state oil corporation of Nigeria in charge of prospecting for oil and gas, oil and gas production, and marketing of petroleum products.
NNPC Limited being a major employer of labour in the energy industry pays quite handsomely to its workforce.
Therefore in this article, we will explore the 2024 NNPC Limited Salary Structure for both entry-level and experienced professionals in the company.
Also see: Federal Inland Revenue Service (FIRS) Salaries in Nigeria in 2024
Overview of NNPC Limited
History: NNPC was established in 1977 as a merger of the Nigerian National Oil Corporation (NNOC) and the Federal Ministry of Mines and Power.
In a momentous occasion that took place on Tuesday, July 19, 2022, President Muhammadu Buhari presented the newly established Nigerian National Petroleum Company Limited.
This remarkable ceremony marked the official transition of the oil company from a state-owned and operated institution to a commercial oil business that is limited by shares.
Mission: NNPC’s mission is to be a world-class oil and gas company, driven by a passion for excellence, innovation, and sustainability.
Values: NNPC values integrity, teamwork, respect, and accountability.
NNPC Salary Structure 2024 Overview
NNPC’s salary scale is such that it seeks to lure and keep professional personnel within the oil and gas sector. It provides good salaries, excellent incentive packages, and benefits.
The salary structure is further segmented into grade levels each with its corresponding salary bracket.
This structure guarantees that employees are rewarded appropriately relative to their experience, educational level, and the nature of the job demanded of them.
NNPC Salary for Entry-Level Staff
The Entry-Level salary of an employee at NNPC is intentionally set to be competitive to enable the organization to recruit new talented graduates from universities and other institutions.
Entry-level salaries at NNPC Limited are among the best in the country because the demand for skilled professionals at a young level is critical for a nation’s organization.
A typical starting point for entry-level employees at NNPC is either Grade Level 8 or 9, depending on the qualifications and experience of the individual.
Salary Range for Entry-Level Positions
Here are some approximate salary ranges for staff members that are just starting:
| Grade Level | Salary Range (Naira) |
| 8 | 2,500,000 – 3,500,000 per annum |
| 9 | 3,000,000 – 4,500,000 per annum |
Some examples of entry-level positions at NNPC include:
- Graduate Trainee
- Junior Engineer
- Administrative Assistant
Compensation Package for Entry-Level Staff
Apart from the basic salary, entry-level employees at NNPC receive a complete compensation plan that includes:
- Health Insurance: Covers all aspects of medicals, dental, as well as vision.
- Pension Plan: Well-structured pension scheme which aims at providing future financial benefits for the employees.
- Housing Allowance: Housing costs help reimburse expenses such as rent.
- Transport Allowance: Allotment for transportation costs or reimbursement of travel expenses.
- Performance Bonuses: Money that is paid in addition to salary that is dependent on certain performance factors.
NNPC Salary for Experienced Staff
Experienced staff at NNPC typically start at Grade Level 10 or above, depending on their qualifications and experience.
Here are some approximate salary ranges for experienced staff:
| Grade Level | Salary Range (Naira) |
| Level 10 | 5,000,000 – 7,000,000 per annum |
| Level 11 | 7,500,000 – 10,000,000 per annum |
| Level 12 | 10,500,000 – 14,000,000 per annum |
| Level 13 | 15,000,000 – 18,000,000 per annum |
| Level 14 | 20,000,000 – 25,000,000 per annum |
Some examples of experienced staff positions at NNPC include:
- Senior Engineer
- Manager
- General Manager
Allowances and Benefits For Experienced Staff
In addition to their basic salary, NNPC staff also receive various allowances and benefits, including:
- Housing Allowance: 20% of basic salary
- Transportation Allowance: 15% of basic salary
- Meal Allowance: 10% of basic salary
- Medical Allowance: 5% of basic salary
- Pension Scheme: NNPC contributes 10% of the basic salary to the staff pension scheme
- Leave Allowance: 30 days annual leave, plus 10 days sick leave
NNPC Employee Benefits
NNPC offers a wide range of benefits to its employees, ensuring their well-being and job satisfaction. These benefits include:
Health and Wellness
- Comprehensive Health Insurance: Coverage for medical, dental, and vision care.
- Wellness Programs: Initiatives to promote physical and mental health.
Financial Security
- Pension Plan: A robust pension scheme to secure employees’ futures.
- Life Insurance: Coverage to support employees’ families in the event of untimely death.
Work-Life Balance
- Paid Time Off: Generous vacation, sick leave, and maternity/paternity leave.
- Flexible Working Hours: Options for remote work and flexible scheduling.
Professional Development
- Training Programs: Opportunities for further education and skill development.
- Career Advancement: Clear pathways for career progression within the organization.
Career Progression and Salary Growth
NNPC employees who exhibit exceptional performance and contribute to the success of the company may be eligible for promotions and salary increases.
Additionally, the NNPC may provide opportunities for international assignments and exposure to various aspects of the oil and gas industry.
These opportunities are available to employees who are interested in advancing their careers and increasing their salaries.
FAQs – 2024 NNPC Limited Salary Structure: Entry-Level and Experienced Staff Salaries
How many staff are in the NNPC?
According to the most recent documents that were made public by the company, the total number of employees employed by the Nigerian National Petroleum company (NNPC) and its subsidiaries increased by 10.83 percent to 7,338 as of April 2021. This is in comparison to the staff strength of 6,621 as of April 2020.
How much does a graduate trainee at NNPC make?
Glassdoor reports that the anticipated total pay range for a Graduate Trainee at NNPC or PPMC is between NGN 2.1 million and NGN 2.2 million per year. This figure takes into account both the base salary and any additional income that may be received.
The annual basic salary for a Graduate Trainee at NNPC or PPMC is approximately NGN 2.1 million on average.
How much does NNPC pay their accountant?
SalaryScale reports that the average salary for employees working at the Nigerian National Petroleum Corporation (NNPC) is 263,603 Naira.
Individuals from the Nigerian National Petroleum Corporation (NNPC) have compiled this information in their capacity as employees. Account Manager, Account Officer, Accountant, Administrative Executive, Administrative Manager, Administrative Officer, and other positions are among those that fall under this category.
Based on the salaries that were submitted, the gender breakdown at Nigerian National Petroleum Corporation (NNPC) is as follows: 66% of employees are male, 19% are female, and 15% are unidentified.
Who is the top staff of NNPC?
The top staff of NNPC is the Group Managing Director (GMD) of NNPC Limited.
Conclusion: 2024 NNPC Limited Salary Structure: Entry-Level and Experienced Staff Salaries
2024 NNPC Limited Salary Structure is designed to attract, reward, and retain top talent in the oil and gas industry. With competitive salaries, comprehensive benefits, and clear career progression paths, NNPC offers an attractive proposition for both entry-level and experienced professionals.