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Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries - Career - Nairaland

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Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Mainblockent(f): 1:37pm On Jun 22, 2023
In response to the current economic realities which have witnessed recent spikes in fuel, electricity, and other prices, Nigeria’s largest microfinance bank, LAPO Microfinance Bank with over 7,000 staff has announced a 25% and 12.5% increment in the salaries for junior and senior staff respectively across the country.

In a statement announcing the development, Oluremi Akande, Head, of Marketing & Communications, at LAPO Microfinance Bank, stated “The implementation of the new salary structure is one of the many palliative measures the bank has designed to help staff cope better with the challenges posed by the sudden high cost of living and other tough economic realities. Whilst we remain optimistic that the current economic conditions will improve, the Management of the bank will continue to deploy strategies to ensure business continuity and sustainability of the bank to the benefit of all stakeholders

LAPO Microfinance Bank’s business operations have hugely been impacted by multiple shocks in a rapid succession of unprecedented events in the country. In spite of the lingering impact of these shocks on our business operations, the Management of the Bank has prioritized our staff welfare before any other financial decisions, especially at this time.

LAPO Microfinance Bank was ranked in 2021 by StatiSense, as the 5th largest employer of labour in Nigeria with over seven thousand staff.

LAPO Microfinance Bank remains committed to its over 30-year mandate of socio-economic empowerment of members of low-income households and owners of micro small and medium enterprises.

https://akelicious.net/2023/06/22/lapo-microfinance-bank-increases-staff-salaries/

17 Likes 1 Share

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Absuchat(m): 1:42pm On Jun 22, 2023
shocked
Laid off over 20% of his staff and we heard nothing about it... Na this one we come dey hear... Abeg make they shift joor

99 Likes 3 Shares

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Nobody: 2:26pm On Jun 22, 2023
a sane organization.

2 Likes 6 Shares

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Atarakpa: 2:26pm On Jun 22, 2023
Interest rate increase loading.

18 Likes 1 Share

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by tym92(m): 2:26pm On Jun 22, 2023
This is commendable...

1 Like

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by specialmati(m): 2:26pm On Jun 22, 2023
grin grin grin grin grin grin oh yes now they are talking. lets go there.we are bigger than finish level because we survived next level
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Igwe9(m): 2:26pm On Jun 22, 2023
how much are they paying?
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Nazgul: 2:27pm On Jun 22, 2023
It's something sha, they can use it to augment for transportation. Half bread they say is better than none.

9 Likes

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by TinubuDcrook: 2:27pm On Jun 22, 2023
LAPO?

Owambe borrowers are borrowing too much o


Helinues look at a job now o I don't want to hear no job

9 Likes 1 Share

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by seborrhic: 2:27pm On Jun 22, 2023
Igwe9:
how much are they paying?
Just what I wanted to ask.
Shows how poor these so called news blogs are:a proper news outfit would have stated the salaries of at least the staff affected by the increase.
If you are a news medium or blog and you can't source for such basic information in this type of story,then you haven't started.

10 Likes

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Giddiebabalaw(m): 2:28pm On Jun 22, 2023
No be bank wey my neighbor dey refer as " Komu le lantern" be this? 😁

17 Likes

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by chuksanambra: 2:28pm On Jun 22, 2023
25% salary increase after laying off 20% of staff.

25% increase after staff salaries have been stagnant for 8 years

25 Likes 1 Share

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by crossfm: 2:28pm On Jun 22, 2023
Hehehe .

Way to go, that their work no be easy work at all.

1 Like 1 Share

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Nahunger(m): 2:29pm On Jun 22, 2023
Wow
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by nairalanda1(m): 2:29pm On Jun 22, 2023
TinubuDcrook:
LAPO?

Owambe borrowers are borrowing too much o




To folk that are willing to take their loans.

One does not live in a country where loan agencies point a gun at your head and say 'Take our loan, or else'

1 Like

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by nairalanda1(m): 2:31pm On Jun 22, 2023
chuksanambra:
25% salary increase after laying off 20% of staff.

25% increase after staff salaries have been stagnant for 8 years

From time immemorial, companies have been laying off staff. be it developed or developing countries.

Even you, when you become the owner of your own company, you would have to lay off workers from time to time.

22 Likes

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Treasure17(m): 2:32pm On Jun 22, 2023
Zenith will not see this one o. But good at repainting and network failure.

2 Likes 1 Share

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by nairalanda1(m): 2:32pm On Jun 22, 2023
TinubuDcrook:


You still don't understand the power of owambe

Borrow dance , buy ashebi and then commit suicide when it's time to pay

even then, at the end, no one is forced to take a loan....simple.

Plus, na something that affects people from every tribe, and it is not just for asoebi or whatever.

1 Like

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by adeniyi997: 2:32pm On Jun 22, 2023
Bhi
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by atobs4real(m): 2:32pm On Jun 22, 2023
wow good for them
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by 1GALLANT: 2:32pm On Jun 22, 2023
Good
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by YoungLionken(m): 2:34pm On Jun 22, 2023
Highly commendable cool!!

Thank you for this fresh air cool cool...
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by xesehe: 2:34pm On Jun 22, 2023
Soon naira no go get value when d note price begin increase.

5 naira no even fit buy anything
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by Beverlyjean(f): 2:34pm On Jun 22, 2023
Absuchat:
shocked
Laid off over 20% of his staff and we heard nothing about it... Na this one we come dey hear... Abeg make they shift joor

Part of the 20% is to survive the increment ... nonsense
Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by oluseyiforjesus(m): 2:34pm On Jun 22, 2023
LAPO has made many to commit suicide

5 Likes 1 Share

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by DunsinPeters: 2:40pm On Jun 22, 2023
Stop lying abeg. When did they lay off 20% of their staff?
You people just like carrying fake news.
Even if they did, how about other companies that laid off Staff and did not still increase salary for those who remained?

Absuchat:
shocked
Laid off over 20% of his staff and we heard nothing about it... Na this one we come dey hear... Abeg make they shift joor

6 Likes 1 Share

Re: Fuel Subsidy Removal: Lapo MFB Increases Staff Salaries by jkpbestseries: 2:40pm On Jun 22, 2023
Nice one

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