The Nigeria Labour Congress (NLC) has suspended its strike scheduled to take place today (Monday) after a meeting between its leaders and the Federal Government representatives.
The decision to suspend the nation wide industrial action was contained in a communique read by the Minister of Labour and Employment, Dr Chris Ngige, after a technical session that began on Sunday and lasted till the early hours of Monday morning.
The decision to suspend the strike was based the agreement reached between both parties at the meeting after several issues were bothering the Union were carefully deliberated.
As part of the agreement, the Federal Government will suspend the electricity price tariff hike and set up a committee to look into what the labour minister described as conflicting field reports justifying the hike in electricity tariff.
The suspension of the electricity tariff hike will be for a two-week period during which the committee will conduct its investigations and submit its report.
The committee is to be headed by Dr Ngige, but he will be represented by the Minister of State for Labour, Mr Festus Keyamo.
The NLC President , Ayuba Wabba ; and his Trade Union Congress counterpart , Quadri Olaleye , amongst others signed the agreement on behalf of Organised Labour while the Minister of Labour, Chris Ngige; Minister of State Petroleum , Timipre Silva ; Minister of State Labour and Employment , Festus Keyamo ( SAN); Minister of Information , Lai Mohammed; and the Secretary to Government of the Federation, Boss Mustapha and others , signed on behalf of the government .
Based on the agreement, the new price of fuel will, however, remain in place but the government promised to do more to improve local refining capacity, rehabilitate Nigeria’s refineries and pursue the CNG alternative aggressively by for instance providing CNG mass transit buses across the country.
Dr Ngige decried the stifled growth in Nigeria’s downstream sector and the dire circumstances faced by government which he claims is the justification for fuel subsidy removal.
NLC President, on his part, Ayuba Wabba welcomed the dialogue with government and the resolutions reached.
He confirmed that the planned strike has been suspended and is looking forward to the palliatives promised by government to Nigerians during the meeting.
According to Wabba the palliatives are meant to cushion the effect of the fuel price increase.