The Chairman of BUA Group, Abdul Samad Rabiu, has announced that the company has approved a 50% increase for staff across board.
Rabiu made the announcement in an internal memo signed on Sunday in Lagos by the Group Head of Human Resources, Mohammed Wali.
The BUA chairman stated 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.
“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.