The Chairman of BUA Group, Abdul Samad Rabiu, has announced a 50% salary increase for all staff members.

The decision was communicated through an internal memo signed by Mr. Mohammed Wali, BUA’s Head of Human Resources, on Sunday in Lagos.

The memo quoted BUA chairman as saying that the increment was to mitigate the impact of the economic hardship ravaging across the nation.

He said the salary increment would cover both permanent/regular and non-permanent staff with effect from Feb. 1, 2024.

The memo reads, “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.