Kaduna DisCo raises employee wages despite grappling with a N110 billion debt

Date:

The Kaduna Electricity Distribution Company has declared a 10% salary hike for its employees, despite grappling with a N110bn debt and other challenges.

The Nigerian Electricity Regulatory Commission dissolved the board in January due to the debt.

Umar Hashidu, appointed as the administrator, announced the salary increase as a strategic move to motivate staff and improve overall company performance.

Hashidu acknowledged the industry’s precarious state, urging collective efforts to overcome challenges.

Former MD Yusuf Yahaya had resigned before the board dissolution.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Women’s Sports Deserve Stronger Backing, Says Filmmaker Fatimah Gimsay

Filmmaker Fatimah Gimsay has called for greater investment and...

Uzor Arukwe Isn’t an Overnight Success. Nollywood Is Only Catching Up

Uzor Arukwe is having the kind of year that...

“I Have Been Traumatized,” Regina Daniels Speaks on the Possibility of Remarrying

Nollywood actress Regina Daniels has opened up about her...

Box Office Advanced Screening Gross Earnings: All-Time Nollywood Rankings

The competitive landscape of Nollywood advanced screenings has entered...