Abuja, August 03 (Mediaage NG News) – Labour unions in Nigeria have agreed to a return for a new and reinvigorated dialogue process”, having revealed the suspension of a nationwide strike over the rising cost of living that was triggered by the recent fuel subsidy removal.
They said they have agreed to further talks with the government, following “fruitful and frank discussions” between President Bola Tinubu and his representatives that was relayed to the unions who had earlier given the government until yesterday (Wednesday) to reverse the decision on the subsidy.
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As the authorities refused to budge, they called out their members and organised marches in cities across the country on Wednesday.
“Consequent upon the fruitful and frank discussion with President Tinubu and their confidence in his ability to encourage open and honest consideration of all the issues put forward by the labour movement, the labour leaders resolved to stop further protest”, a statement from the Nigerian presidency said.President
Tinubu who has embarked on a series of economic reforms since becoming president last May, said the removal of the fuel subsidy, which cost the government ₦7,612,592,320,000.00 (seven trillion six hundred twelve billion five hundred ninety-two million three hundred twenty thousand naira) ($10bn, £8bn) last year, would enable the authorities to spend more money on targeted programmes to help the less privileged.