Ibidapo Lawal, Chief Executive Officer of Neveah Limited, an indigenous commodities export company said in a statement that the salary of its employees has increased by 44 percent with the aim of easing the burden of economic hardship in the country.
According to the company, it takes effect immediately and will reflect on the payroll for the month of March.
He added that while most Neveah employees would receive a salary bump of over 44 per cent on average, some would enjoy a 70 per cent upward review.
Lawal said, “We understand the challenges that our employees are facing, and we want to do everything we can to support them during these difficult times.
Nigerians have been facing tough times due to macroeconomic headwinds such as rising inflation, increasing costs of living, and stagnant wages.
“We believe that investing in our employees is not only the right thing to do morally, but it also makes good business sense. Happy and financially stable employees are more productive, engaged, and committed to the company’s success.”
Neveah Limited is a fast-growing commodities and trading company located in Nigeria. We strategically source top notch materials for the finest agro commodities and metals by working closely with selected suppliers. Neveah Limited exports to over 15 countries within Europe, Asia, and North America.
