NLC TUC suspends planned strike

NLC, TUC suspends planned strike as FG reverses electricity tariff hike

The Organised Labour NLC, TUC suspends planned strike after reaching an agreement with the Federal Government. The Minister of State for Labour and Employment,  Festus Keyamo, announced this on Facebook at 3am.

The labour unions, NLC and TUC, had fixed the march to protest the recent increase in the prices of petrol and electricity.

The protest is expected to herald a nationwide strike to protest the price increase.

Two earlier meetings held over the matter, including one held last Thursday, were unsuccessful.

The Federal government and the Nigerian Labour Congress have reached an agreement on electricity tariff and the planned industrial action has been suspended.

The new agreement, according to the Minister of Labour and employment (State) Festus Keyamo involves the suspension of the new electricity tariff hike for two weeks.

Keyamo in a tweet announced that the agreement was reached at 2:53 am and government has also promised to roll out palliative in two weeks.

It would be recalled that NLC had fixed 28th of September for the commencement of strike over fuel increment and electricity tariff hike. The Labour union also announced negotiation meeting with the federal government.

Keyamo said the electricity tariff had been reversed albeit temporarily while the deregulation of the oil sector was retained.He wrote, “Federal Government and labour reach agreement at 2:53am. Deregulation to stay as government rolls out palliatives for labour (details in two weeks).

“Electricity tariffs suspended by government for two weeks with a joint committee headed by Keyamo to examine the justification for the new policy. Strike suspended.”

READ ALSO: ASUU rebukes FG over new fuel pump price, electricity tariff, school resumption

SOURCE: PUNCH

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