As a result of marathon meeting held and agreement reached between the federal government and the organised representatives of labour unions, the organised labour has suspended the nationwide strike action and protests billed to start today.
The meeting, which started at about 8:30 pm on Sunday and spilled over till Monday morning had Secretary to the Government of the Federation, Boss Mustapha; Minister of Labour and Employment, Chris Ngige, Minister of Information and Culture, Lai Mohammed; Minister of State for Labour and Employment, Festus Keyamo; Minister of State for Power, Godwin Jeddy-Agba and Mele Kyari, Group Managing Director of the NNPC.
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A communiqué, read by the minister of Labour and Employment, Chris Ngige, after the meeting, disclosed that government agreed to suspend electricity tariff hike for two weeks pending when a committee set up would examine the justifications for the new policy in view of the need for the validation of the basis for the new cost-reflective tariff as a result of the conflicting information from the fields which appeared different from the data presented to justify the new policy by NERC.
He, however, noted that total deregulation in the downstream sector remains, adding that palliatives would be offered to Nigerian workers to cushion the effects of burden.