The nationwide industrial action which was earlier scheduled to start today, Monday September 28, has been suspended by the NLC.
This follows an agreement reached by both the labour unions and the federal government over the increase in fuel price and electricity tariff.
Minister of state, labour and employment Festus Keyamo in a tweet disclosed that the FG has suspended the electricity tariff hike.
Keyamo said that the suspension was for two weeks to enable the committee set up to examine justifications for the new policy.
However, according to the minister, there’s no change in the total deregulation of the downstream sector, also adding that there’ll be palliatives to help workers reduce the consequent effects.
The new committee is to be headed by Keyamo to examine the justifications for the new policy.
Recall that since the announcement to increase pump price of fuel and electricity tarrif was made, Nigerians have strongly condemned the move saying it is a wrong move especially in a time like this.