Nigerian company adds money to staff salary because of fuel subsidy removal


Nigerian company adds money to staff salary because of fuel subsidy removal

A company informed its employees that their salaries would increase starting the month of June.

The corporation revealed that the gesture was made to lessen the effects of the federal government’s removal of fuel subsidy.

The move taken by the company is coming days after President Bola Tinubu stated in his inaugural speech that ‘subsidy is gone.’ This is because funding for fuel subsidy was not included in the 2023 appropriation bill. Fuel prices soared across the country after the speech.

A Nigerian man, who is an employee in the company testified as he took to his Twitter page, @MrMekzy_, to say that the company is taking steps to augment the staff’s salary.

The company’s director sent a message to the staff saying the salary would be topped from June to cushion the effects of petrol subsidy removal.

The message reads, “We understand the economic situation of the country, especially with the high transportation cost. We will try to augment everyone’s pay while paying this month’s salary at least to cushion the impact of fuel subsidy removal.”

“I’ll equally implore you all to work harder and do everything possible to improve our sales across board. This is the only way we c up our financial obligations and remain in business. God bless you all….Good night.”

The post triggered massive reactions as social media users lobbied for vacancy in the company.

See the post here.



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