In a dramatic turn of events, the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have suspended their planned nationwide indefinite strike, set to begin this Tuesday, October 3, 2023.
This decision comes after a marathon meeting between the labor unions and the Federal Government, resulting in a significant breakthrough in negotiations.
The key highlight of the agreement is the Federal Government’s commitment to grant a wage award of N35,000 (thirty-five thousand Naira) to all Federal Government workers, effective from the month of September.
This wage increase provides much-needed relief to workers facing the economic challenges posed by the withdrawal of subsidy on Premium Motor Spirit (PMS) and the subsequent increase in fuel prices.
Furthermore, the memorandum of understanding (MoU) outlines several other crucial agreements reached during the meeting:
Minimum Wage Committee:
A minimum wage committee will be inaugurated within one month to address the broader issue of a new national minimum wage.
