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

Average Lagosian spends 57% working hrs in traffic, 28% income on transport – Yabatech don

LAGOS: An average Lagos resident spends about 57% of...

Minimum wage: MAN seeks compliance exception for MSLMEs

The Manufacturers Association of Nigeria (MAN) has called for...