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After hours of deliberation between the Federal Government and Labour, the Organised Labour has agreed to suspend its planned 30-day indefinite strike.
The suspension comes with the signing of a Memorandum of Understanding (MoU) that includes promises made by the government and new deliverables to be achieved within 30 days.
One of the resolutions reached is the inauguration of a minimum wage committee within one month.
Additionally, the government has committed to allocating N100bn for the provision of high-capacity Compressed Natural Gas buses for mass transit in Nigeria.
The rollout of this initiative is expected to begin in November.
The government also plans to implement tax incentive measures for the private sector and the general public.
Furthermore, the government has approved a wage award of N35,000 for all Federal Government workers starting in September, pending the signing of a new national minimum wage into law.
The MoU also urges state governments, local governments, and the private sector to implement wage awards for their workers.
The leadership crisis in the National Union of Road Transport Workers and the purported proscription of the Road Transport Employers Association of Nigeria will be resolved in line with relevant labour conventions and acts.
The issue of outstanding salaries and wages of tertiary education workers in Federal Government-owned educational institutions will be further addressed by the Ministry of Labour and Employment.
The government has also promised to increase initiatives for the subsidised distribution of fertilisers to farmers and to conduct a joint visitation to the refineries to assess their rehabilitation status.
All parties have committed to abiding by the principles of social dialogue in future engagements.
However, the President of the NLC, Joe Ajaero, has threatened to revisit the strike option if the agreements are not implemented.
