Rising Cost Of Living: BUA Announces 50% Salary Increment For Staff

Taiwo Ajayi
1 Min Read
The founder, BUA Group, Alhaji Abdulsamad Rabiu

Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across the board.

Rabiu made the disclosure in an internal memo signed on Sunday in Lagos by Mr Mohammed Wali, BUA’s Head of Human Resources.

AIHS 2024
AIHS 2024

The memo quoted the BUA chairman as saying that the increment was to mitigate the impact of the economic hardship currently being faced in the country.

He said the salary increment would cover both permanent/regular and non-permanent staff with effect from Feb. 1, 2024.

READ ALSO: Umahi summons Dangote, BUA, Lafarge, others over rising cement prices

“Sequel to the above development, the Human Resources and Finance departments are processing the increase to ensure that it is captured in the February 2024 payroll.

“It is hoped that with this magnanimous gesture, we will be more committed to our duties and put in our very best to justify the confidence reposed in us,” he said.

Due to the current economic conditions in the country, negotiations are ongoing between the organised labour and the government, for a new minimum wage. (NAN)

Source: Dailytrust

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