Lagos, Feb. 18, 2024: Chairman of BUA Group, Abdul Samad Rabiu, has reported an approval of a 50 percent increase in staff salary across the board on all salary items.
Rabiu made the disclosure in an internal memo signed by the company’s head of human resources, Mr Mohammed Wali, on Sunday in Lagos.
According to the BUA Chairman, the development is to mitigate the impact of the economic hardship currently being faced in the country.
He said the salary increment covers both permanent/regular and non-permanent staff with effect from 1 February 2024.
“Sequel to the above development, the Human Resources department and Finance department 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.
The due to the current economic conditions in the country, negotiations are ongoing for a new minimum wage by the country’s various labour unions and the government.
