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Abdul Samad Rabiu, Chairman of BUA Group, has announced a 50% salary increment for staff in an internal memo signed by Mohammed Wali, BUA’s Head of Human Resources, in Lagos.
Rabiu stated that the increase aims to alleviate the economic hardship faced in the country and will apply to all staff, permanent and non-permanent, from February 1, 2024.
The Human Resources and Finance departments are processing the increase for inclusion in the February 2024 payroll.
Rabiu expressed hope that the gesture would enhance staff commitment and performance.
The announcement comes amid ongoing negotiations between organised labour and the government for a new minimum wage due to prevailing economic conditions in the country.
Peoplesmind
