Hardship: Neveah Increases Workers’ Salaries By 44%

Neveah Limited has announced a salary increase for all its employees. This move comes on the heels of the financial hardships faced by many workers due to the economic recession. With rising inflation, increasing costs of living, and stagnant wages, many Nigerians have been struggling to make ends meet. In a statement at the weekend, […]

Neveah Limited has announced a salary increase for all its employees.

This move comes on the heels of the financial hardships faced by many workers due to the economic recession.

With rising inflation, increasing costs of living, and stagnant wages, many Nigerians have been struggling to make ends meet.

In a statement at the weekend, the company’s CEO, Mr. Ibidapo Lawal, revealed that from March, all employees at Neveah will receive a salary bump of over 44 per cent on average, with some workers receiving an increase of up to 70%.

The increase will bring the average salary at Neveah to well above industry standards.

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.

“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”.