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Ikiodiete George
- 3 Min Read
Lapo Mfb Salary Structure In 2025: Latest Pay For Entry-Level, Graduate Trainee, Managers & Senior Staff (Allowances Included)
LAPO Microfinance Bank (Lift Above Poverty Organization) is one of the most recognized microfinance institutions in Nigeria, especially among low-income individuals and small business owners. Known for its grassroots impact, wide branch network, and large client base, LAPO MFB also employs thousands of Nigerians across the country.
So, if you’re planning to work with LAPO or you’re just curious about what they pay in 2025, this post breaks down everything you need — from entry-level salaries to managerial compensation and the benefits staff enjoy.
Graduate Trainee Salary at LAPO MFB (2025)
As with most microfinance banks, LAPO begins new recruits with a training program to prepare them for client relationship, loan disbursement, and fieldwork.
| Category | Monthly Salary (₦) | Annual Pay (₦) |
|---|---|---|
| Graduate Trainee | ₦45,000 – ₦65,000 | ₦540,000 – ₦780,000 |
Trainees are often posted to rural or suburban branches for hands-on learning. During this time, the focus is on:
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Client acquisition
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Loan tracking
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Financial literacy programs
Entry-Level Salary at LAPO MFB
After training, you’re promoted to a full-time role such as a Loan Officer or Field Officer.
| Position | Monthly Salary (₦) | Annual Pay (₦) |
|---|---|---|
| Entry-Level Officer | ₦70,000 – ₦110,000 | ₦840,000 – ₦1.32M |
In addition to salary, staff at this level may receive:
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Monthly transport allowance
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Field bonuses
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Mobile data support
Mid-Level & Managerial Salary at LAPO
With more experience and strong performance, staff move into supervisory or branch-level leadership.
| Role | Monthly Salary (₦) | Annual Pay (₦) |
|---|---|---|
| Team Lead / Supervisor | ₦130,000 – ₦180,000 | ₦1.56M – ₦2.16M |
| Branch Manager | ₦220,000 – ₦300,000 | ₦2.64M – ₦3.6M |
These roles come with:
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Enhanced target-based bonuses
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Annual performance evaluation perks
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Health coverage for self and dependents
Senior Management Salary (2025)
These are high-level positions that involve overseeing multiple branches or leading specific departments like Risk, Audit, or Strategy.
| Position | Monthly Salary (₦) | Annual Pay (₦) |
|---|---|---|
| Zonal/Regional Head | ₦400,000 – ₦600,000 | ₦4.8M – ₦7.2M |
| Executive Roles | ₦800,000 – ₦1.2M | ₦9.6M – ₦14.4M |
Senior management also receives:
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Official vehicles or transport stipends
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Strategic planning bonuses
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Annual paid leave (locally or internationally)
Allowances & Extra Benefits
| Allowance Type | Range (₦) | Comments |
|---|---|---|
| Transport Allowance | ₦10,000 – ₦30,000/month | Varies by location and field duties |
| Health Insurance | Full or partial coverage | Provided after confirmation |
| Field Performance Bonus | Up to 2x monthly salary | Based on loan recovery & disbursement |
| Annual Leave Bonus | 10–15% of base salary | Paid yearly |
| Mobile/Data Support | ₦2,000 – ₦5,000/month | Mostly for field agents and loan officers |
Frequently Asked Questions (FAQs)
Q1: Is LAPO MFB a good place to start a career?
Yes, especially for fresh graduates who want to understand the financial sector at the grassroots level.
Q2: Do they employ NYSC members?
Not officially, but some corps members are engaged informally and may be retained post-service.
Q3: Is LAPO salary paid on time?
Yes. Despite being a non-commercial bank, LAPO pays consistently and provides field-based incentives.
Q4: Can a Loan Officer become a Branch Manager?
Yes. Promotions at LAPO are based on field performance and loan recovery results.
Q5: Does LAPO provide housing for staff?
No, but some field staff are supported with accommodation where operations are rural.
Conclusion
LAPO Microfinance Bank may not offer the flashiest salaries, but it makes up for it with field experience, promotions, and job security. It is one of the most active and inclusive financial institutions in Nigeria, especially in rural communities.
If you're looking for a financially stable and impact-driven place to work in 2025, LAPO MFB remains a solid choice — especially for those passionate about development finance and financial inclusion.
