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Covenant University, located in Ota, Ogun State, has approved a 20% salary increase for all its staff members.
The decision was confirmed by the Board of Regents, Covenant University, as a measure to mitigate the impact of the removal of fuel subsidy and the rising inflation in the country.
Prof. Abiodun Adebayo, Vice-Chancellor of Covenant University announced this in a statement on Wednesday in Ota.
Adebayo said the salary increase will take effect in September to boost the morale and commitment of the Faculty and Staff of the University.
The Vice-Chancellor lauded Bishop David Oyedepo-led Board for the salary increase.
“The VC appreciated the Board of Regents of the University, led by the Chancellor, Dr. David Oyedepo, in making such a compassionate decision to alleviate the harsh economic situation of the country for the University’s workforce,” he said.
He added that this has also engendered a fresh drive and vigour in the pursuit of its vision of raising a new generation of leaders and the actualisation of its newly unfolded Vision 7-2030 agenda.