and Pay
workers in
Lagos fall
between
the ages
of 19 and
35
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.
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,
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:
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:
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.
