Indigenous commodities export company, Neveah Limited, has announced a 44 per cent increase in the salaries of its employees to ease the burden of economic hardship in the country.
The company’s Chief Executive Officer, Ibidapo Lawal, in a statement recently revealed that the salary increment would become effective in March.
Nigerians have been facing tough times due to macroeconomic headwinds such as rising inflation, increasing costs of living, and stagnant wages.
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.”
He stated 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.
Neveah Limited deals in agro commodities, base metals and minor metals and the company exports to over 15 countries within Europe, Asia, and North America.
