The Deal Behind Labour Strike Suspension
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had planned to embark on a strike due to the withdrawal of subsidy on Premium Motor Spirit (PMS) by the Federal Government, which resulted in an increase in the price of the commodity.
However, after a meeting was called by the Federal Government, several agreements were reached to avert the strike.
These agreements include a wage award of N35,000 to all Federal Government workers, the inauguration of a minimum wage committee within one month, and the suspension of Value Added Tax (VAT) on Diesel for six months beginning from October 2023.
The Federal Government also committed to providing high capacity CNG buses for mass transit in Nigeria and increasing initiatives on subsidized distribution of fertilizers to farmers across the country.
Additionally, all parties agreed to abide by social dialogue in future engagements and suspend the planned indefinite nationwide strike for 30 days.
The memorandum will be filed with the relevant court as consent judgment by the Federal Government within one week.N
