Kaduna Electric, one of the power distribution companies in the Federal Republic of Nigeria, has officially announced a ten per cent increase in salaries across all staff categories, effective February 2024.
Dr Umar Hashidu, the Chief Executive Officer, made this announcement during a recent meeting with the management team.
The salary adjustment comes as a strategic response to the imperative of motivating the staff, aimed at elevating the company’s overall performance despite the considerable challenges it currently faces.
He underscored that the decision also addresses the prevalent cost of living crisis in the country.
Furthermore, Dr Hashidu emphasised the Board and Management’s conviction that the salary increment would serve as a catalyst, inspiring staff to redouble their efforts to navigate the company through its current challenges.
He reiterated the Board’s unwavering commitment to prioritising staff welfare as highlighted by the Board’s Chairperson, Ms Rahila Thomas when she led other Board members on a visit to the company recently.
He hinted that the initial salary adjustment is part of a broader initiative.
Dr Hashidu acknowledged the precarious state of the Nigerian Electricity Supply Industry (NESI), describing it as being on life support.
Notably, Kaduna Electric faces challenges in meeting market obligations and has shown a lackluster performance in compliance with NERC performance indices.
Despite these challenges, Dr Hashidu expressed confidence that the issues confronting Kaduna Electric are surmountable with collective effort.
He urged the staff to approach their duties with diligence, citing the positive growth trajectory observed in energy sales in January as a promising indicator.
Dr Hashidu encouraged staff to maintain this momentum until the company achieves a positive turnaround.
Source: https://energynewsafrica.com