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EKEDC approves 20% increase in cost of living for staff

Eko Electrical energy Distribution Firm has permitted a 20 p.c value of residing adjustment for its employees, its board of administrators has introduced.

A press release from EKEDC on Monday mentioned the price of residing adjustment will come into impact in July 2024.

It was famous that the choice displays the corporate’s dedication to the well-being and monetary stability of its workforce, given the present financial realities.

“With this enhance, EKEDC goals to help its employees in sustaining their high quality of life and guaranteeing they will proceed to offer distinctive service to clients,” the assertion mentioned.

The Chairman of the Board of EKEDC, Dr. Oritsedere Otubu, said: “Our workers are our best belongings and their dedication to bettering our service to clients is admirable. We’re pleased with their unwavering dedication to reaching success and we in flip are dedicated to bettering their welfare.

“This adjustment is well-deserved and is one other name for steady enchancment as we work to realize our purpose of a protected, dependable and uninterrupted energy provide.”

Otubu known as on different corporations to do the identical to spice up the morale of their workers throughout this difficult time because the economic system recovers.

Appearing CEO, Ms Rekhiat Momoh, expressed gratitude for the board’s approval of the adjustment, which she mentioned would assist mitigate the affect of inflation and different financial pressures on employees.

Momoh mentioned: “In these difficult occasions, we should help our workers who’re working tirelessly to serve our clients. This value of residing adjustment is a testomony to our dedication to their well-being and our appreciation for his or her arduous work.”

She defined that the 20 p.c adjustment could be carried out within the subsequent wage cost cycle and would apply to senior managers and beneath, whereas the 15 p.c adjustment would apply to principal managers and above.

“This initiative underscores EKEDC’s dedication to making a supportive and rewarding work atmosphere,” mentioned Momoh.

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