Nigerian businessman and philanthropist, Linus Williams Ifejika, popularly known as Blord, has disclosed a groundbreaking salary structure within his business empire, assuring that entry-level staff earn a minimum of ₦250,000 monthly, with earnings rising to ₦500,000 and above after four years of service.
In a recent announcement that has sparked widespread public interest, Blord revealed that his companies collectively disbursed a staggering ₦1.1 billion in salaries throughout 2024 alone. This translates to an approximate ₦90 million monthly payroll dedicated solely to staff remuneration, highlighting his commitment to fostering employee wealth and financial security.
“Once you’re employed in my company, the minimum salary is ₦250,000. Stay with us for four years and you’re earning ₦500,000 and above,” Blord stated.
This transparent and progressive salary model underscores a significant shift in Nigeria’s private sector employment culture, where such structured and high-value remuneration packages remain rare, especially for non-executive roles.
The figures shared by the business magnate suggest that diligent employees can attain millionaire status within a relatively short period, fundamentally transforming their economic standing and quality of life.
Blord’s philosophy appears rooted in the belief that investing heavily in human capital yields greater productivity and loyalty. By ensuring staff are well-compensated, he aims to reduce turnover, boost morale, and create a highly motivated workforce dedicated to the company’s long-term vision.
The announcement has drawn commendation from economic analysts and job seekers alike, many of whom see it as a potential benchmark for other Nigerian entrepreneurs. In an economy grappling with inflation and unemployment, such initiatives are viewed as vital steps toward inclusive growth and poverty reduction.
As Blord’s enterprises continue to expand across various sectors, this employee-centric approach may well redefine corporate responsibility and set a new standard for how businesses value their most important asset: their people.
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