What Is the Salary Structure of the Nigerian Navy?

What Is the Salary Structure of the Nigerian Navy?

According to an article quoted in AllAfrica from the Nigerian newspaper, Leadership, an Admiral in the Nigerian Navy earns a yearly salary of 16,303,140 Nigerian naira (₦). This is equivalent to $51,805.50 in US currency.

For other top commissioned officers, the annual salaries are ₦13,363,229 ($81,483.11) for a Vice-Admiral; ₦12,038,945 ($73,408.20) for a Read Admiral; ₦7,385,856 ($45,090.70) for a Commodore; ₦3,715,859 ($22,690.88) for a Captain and ₦3,380,086 ($20,671.49) for a Commander.

Officers ranked at Rear Admiral or above earn lifelong full-salary pensions, while those ranked at Commodore or below receive a pension of five years' worth of their salary.