Certified project managers in Nigeria earn 60% more money than their non-certified counterparts, according to the Project Management Institute Salary Survey.
The Punch reported that the 13th edition of PMI’s Earning Power Survey was released this week which shows that respondents who held a Project Management Professional certification made, on average, 33% more money than those who did not hold the certification across the 21 countries that were polled.
According to the poll, project professionals in Nigeria who hold the PMP certification have seen even bigger pay increases than their non-certified counterparts, with a median compensation rise of 60%.
Managing Director of PMI, Sub-Saharan Africa, George Asamani, stated: “A career in project management can be both rewarding and gratifying, especially if you have the appropriate certification.”
“For professionals, the PMP certification is a must-have because it can increase earning potential. Project managers are thought to be in short supply on the continent, hence PMI makes a conscious effort to provide them with internationally recognized certificates at every step of their careers.”
In the year preceding the survey’s completion, about two-thirds (66%) of the respondents stated that their total compensation—which includes their salary, bonus, and other monetary incentives had increased.
Furthermore, the results indicated a general agreement that the PMP certification was beneficial for career advancement in addition to pay growth.
“The results of the survey indicate that there are significant regional and cross-country variations in the median compensation of project professionals. It is $23,370 for project professionals in Nigeria, it said.”
Seventy-eight percent of the respondents in this most recent edition of the biennial publication are certified PMPs, with over 20,000 respondents from 21 countries providing insights.
According to Asamani, “Africa’s economic prospects hinge on various elements and strategies, including infrastructure, technology, R&D, policy framework, capacity building, and access to resources, among others.
“This calls for an all-encompassing strategy including the cooperation of numerous parties, including governments, businesses, and civil society. Project management is the last piece of the puzzle, assembling all these stakeholders to produce effective projects.
“In an unpredictable, complex, and confusing business climate, he continued, employing PMP-certified project managers has become a strategic need for organizations.”
Asamani pointed out that the knowledge of qualified project managers covered important fields such strategic decision-making, risk management, and adaptability to change, all of which were indispensable in a VUCA world.
