BUA Group Uplifts Employees with 50% Salary Increase
In a move demonstrating appreciation for their workforce and their dedication in challenging times, BUA Group, a leading Nigerian conglomerate, announced a whopping 50% salary increase for all its employees, effective February 1st, 2024. This news, conveyed through an internal memo signed by Mr. Mohammed Wali, Head of Human Resources, resonates deeply with staff across all levels and positions.
“This increment is a testament to our commitment to our employees who are the backbone of our success,” stated BUA Group Chairman, Abdul Samad Rabiu. He acknowledged the current economic difficulties faced by many Nigerians, emphasizing, “We understand the financial hardship many may be experiencing, and we hope this increase helps alleviate some of that pressure.”
The increased salaries will apply to both permanent and non-permanent staff, reflecting BUA’s commitment to valuing all its contributors. The swift processing of the raise, handled by the Human Resources and Finance departments, ensures its inclusion in the February payroll, allowing employees to feel the positive impact immediately.
Mr. Rabiu further expressed his hope that this “magnanimous gesture” will inspire even greater dedication and performance from the workforce. “We believe in the potential of each employee, and this increase signifies our trust in their ability to drive the company forward.”
BUA’s decision comes at a crucial time for Nigeria, marked by ongoing negotiations between organized labor and the government for a new minimum wage. The company’s proactive action not only sets a positive example for other businesses but also underscores its commitment to social responsibility and employee well-being.
With this significant salary increase, BUA Group strengthens its position as an employer of choice, fostering a culture of shared success and mutual respect. This move is likely to boost employee morale, improve retention, and attract top talent, solidifying BUA’s position as a leader in the Nigerian business landscape.
