In a bid to support its workforce during the ongoing economic difficulties, BUA Group’s Chairman, Abdul Samad Rabiu, has announced a significant 50% salary increment for all employees. The decision, communicated through an internal memo signed by Mohammed Wali, BUA’s Head of Human Resources, underscores the company’s commitment to its staff during these challenging times.
Rabiu emphasized that the move aims to alleviate the impact of current economic hardships in the country. Effective from February 1, 2024, the salary increase applies to both permanent and non-permanent staff across all levels within the company.
“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,” BUA Group said.
The proactive approach taken by BUA Group in implementing the salary adjustment reflects its dedication to the well-being of its workers. This move not only addresses immediate financial hardships faced by employees but also reinforces the conglomerate’s commitment to supporting its staff during uncertain times.
Noteworthy for its achievements in the cement production and food sectors, BUA Group’s subsidiaries, including BUA Cement and BUA Foods, have demonstrated resilience. BUA Foods surpassed the $610-million revenue mark at the close of the 2023 fiscal year, showcasing the group’s strong performance despite prevailing economic challenges.
