Abdulsamad Rabiu Abdul Samad Rabiu, Nigeria’s second-richest individual and the driving force behind BUA Group, has approved a significant 50% salary increase for all staff within his conglomerate….. .
This decision articulated through an internal memo from Mohammed A. Wali, the Head of Human Resources, reflects the BUA Group’s steadfast dedication to supporting its employees during challenging economic times. Let’s take a look at what this boost entails.
A generous gesture amid economic challenges
The salary increment, which benefits both permanent and non-permanent staff, highlights Abdul Samad Rabiu’s comprehensive approach to employee well-being. By acknowledging the economic hardships faced by his workforce, he demonstrates a deep understanding of their struggles and a genuine desire to alleviate their burdens. This generous gesture is a testament to his leadership and the values that underpin BUA Group’s operations.
BUA Group’s impressive growth and commitment to employees
The announcement of the salary boost follows on the heels of BUA Group’s remarkable expansion across its core subsidiaries. The conglomerate’s success is attributed to effective cost-cutting strategies and strategic investments in modern facilities and equipment. BUA Cement, in particular, has made significant strides in cement production, boasting a combined production capacity of 11 million tonnes per annum.
Similarly, BUA Foods, encompassing subsidiaries such as BUA Sugar Refinery Limited and BUA Oil Mills Limited, surpassed the $610-million revenue mark in the 2023 fiscal year.
The internal memo expressed optimism that the substantial salary increase would inspire employees to be more committed to their duties, acknowledging the confidence placed in them by the company. This move not only addresses the economic hardships faced by the staff but also reinforces BUA Group’s determination to alleviate their financial burden.
It indicates Abdul Samad Rabiu’s leadership style, which prioritizes the welfare of his employees.
In response to the announcement, the Human Resources and Finance departments of BUA Group are actively engaged in processing the salary increase to ensure its seamless integration into the February 2024 payroll. The prompt and efficient steps taken by the conglomerate to implement the salary adjustments demonstrate a strong commitment to the well-being of its workforce.
Conclusively, Abdul Samad Rabiu’s decision to boost salaries by 50% at BUA Group is a shining example of corporate responsibility and a testament to his unwavering commitment to employee welfare.
In an era where economic challenges are prevalent, such gestures not only uplift the spirits of employees but also set a benchmark for other corporations to follow. It is a clear message that at BUA Group, led by Abdul Samad Rabiu, the well-being of employees is a top priority, and their contributions are highly valued.
Category: World-News
Tag: Nigeria Billionaire Abdul Samad Rabiu Declares 50 per cent Salary Increment for Workers Across BUA Group
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Published 2/18/2024 1:15:56 PM