LIVE UPDATES
Organised Labour has suspended its proposed strike action against the removal of fuel subsidy.
The suspension was announced by the President of the Trade Union Congress, Festus Osifo, on Thursday morning.
Osifo said the decision to suspend the strike was based on commitments made by President Bola Tinubu to some of the issues raised during a meeting with Labour leaders on Wednesday. He did not specify what the commitments were.
The Nigeria Labour Congress (NLC) announced on Tuesday that it would proceed with the nationwide mass protest as initially planned, following a meeting with the Federal Government.
The NLC President, Comrade Joe Ajaero, had noted that the outcome of the meeting with the government did not yield any positive changes or concessions that would alter their course of action.
They stressed that they remained steadfast in their commitment to representing the Nigerian workers' and people's interests and desires.
The suspension of the strike is a major victory for the government, which had been facing increasing pressure from Labour and other groups to reverse its decision to remove the fuel subsidy.
It is also a setback for Labour, which had been hoping to use the strike to pressure the government to address the rising cost of living in Nigeria.
It remains to be seen whether the commitments made by President Tinubu will be enough to satisfy Labour and prevent them from taking further action in the future.
However, the suspension of the strike is a positive development for both the government and the country, as it avoids the disruption and economic damage that a strike would have caused.
