The planned nationwide strike for Wednesday has been postponed by the Nigerian Labour Congress (NLC).
The decision was made by the Congress on Monday night in Abuja at a meeting with members of the Federal Government.
On June 2, the Nigerian National Petroleum Corporation Limited’s (NNPCL) increase in product pump prices, the NLC has set the federal government a five-day deadline to return to the previous price of fuel or risk a nationwide strike.
President Bola Tinubu’s declaration on the end of the subsidy regime during his inaugural address last Monday was trailed by the return of long queues at filling stations and a sudden increase in petrol prices by marketers.
The Speaker of the House of Representatives, Femi Gbajabiamila, broke the news on the suspension of the strike to journalists shortly after the meeting held at the Presidential Villa, Abuja.
He said the parties agreed that the NLC must suspend notice of strike immediately to allow further consultations on the matter.
The NLC President, Joe Ajaero, confirmed the development in a chat with journalists.
The National Industrial Court, Abuja, had earlier on Monday restrained the organised labour from going ahead with the strike.