Why BUA approved 50percent increment for workers

Abdulsamad Rabiu

 

Facts have emerged on the reason why the Chairman of BUA Group, Abdul Samad Rabiu, approved a 50 per cent salary increment for staff across board.

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

ROYAL NEWS gathered that the memo quoted 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.

“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.

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“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 News Agency of Nigeria (NAN) reports that due to the current economic conditions in the country, negotiations are ongoing between the organised labour and the government, for a new minimum wage.