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BUA Group approves 50% salary increase amid rising cost of living
In response to the prevailing economic challenges in the country, BUA Group’s Chairman, Abdul Samad Rabiu, has announced a substantial 50% salary increment for all staff.
The decision, communicated through an internal memo signed by BUA’s Head of Human Resources, Mr. Mohammed Wali, aims to alleviate the impact of economic hardships faced by employees.
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.
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Bandits kill 9, kidnap ex-CBN director, 34 others in Kaduna How NAF officer foiled kidnap attempt in Abuja “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.
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