BUA Group Announces 50% Salary Increase for Employees Following Cement Price Hike
In response to the rising cost of living and the recent increase in cement prices, Abdul Samad Rabi'u, Chairman of BUA Group, approves a 50% salary increase for the company's employees.
Abdul Samad Rabi'u, the Chairman of BUA Group, has taken a significant step to enhance the welfare of the company's employees by approving a 50% increase in their salaries. This decision was communicated through an internal memo from Mohammed Wali, the Group's Head of Human Resources. The salary increase comes amidst reports of a surge in the price of a 50kg bag of cement, which has risen to nearly N9,500 in various parts of Lagos and across Nigeria, due to the country's ongoing inflationary pressures.
The BUA Group's move to increase salaries by half is a proactive measure to alleviate the financial burden on its employees caused by the rising cost of living and inflation in Nigeria. This gesture underscores the company's commitment to its workforce's well-being and stands as a notable example of corporate responsibility in challenging economic times.
Source: Legit.ng Hausa
