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.
“FG & LABOUR reached agreement at 2:53am. Deregulation to stay as Govt rolls out palliatives for labour (details in 2 weeks); Electricity tariffs suspended by Govt for 2 weeks with a joint Committee headed by @fkeyamo to examine the justification for the new policy. Strike suspended.”
Find below details of the agreement reached