Subsidy: NLC Suspends Planned Nationwide Strike, As Negotiation Continues

The Nigerian Labour Congress and affiliate Unions have suspended the planned nationwide industrial action and protests slated for Wednesday June 7, 2023.

Humsimedia gathered that this may not be unconnected with the events of Monday.

On Monday, the Federal Government (FG) obtained an order of the National Industrial Court of Nigeria, (NCIN), restraining the NLC and affiliate Unions from embarking on its planned strike.

In a swift move, the Nigerian National Petroleum Corporation Limited, (NNPCL), released a new ex-depot price of N479.50 per litre of Premium Motor Spirit (PMS) petrol to the marketers.

The NLC and sister Unions therefore suspended the strike to meet with the Federal Government on the negotiation table on June 19, 2023, nearly two weeks from today.

Here’s a copy of the Resolution of engagement between the Trade Union Congress, (TUC), Nigeria Labour Congress (NLC), and the Federal Government, to resolve the issues associated with the removal of subsidy on Premium Motor Spirit, (PMS) on June 5, 2023 as signed by the Union leaders and Speaker, House of Representatives, Femi Gbajabiamila:

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