LIVE UPDATES
The Nigeria Labour Congress and Trade Union Congress, which make up the organised labour, have decided to suspend their strike for a period of five days, according to a leader of the NLC in Abuja.
The labour centres are expected to release a statement just before commencing negotiations with the government.
The strike, which began on Monday, was initiated to express dissatisfaction with the Federal Government's delay in approving a new minimum wage by May 31 and its refusal to reverse the increase in electricity tariffs.
The agreement affirmed the commitment of the President of Nigeria, as Commander-in-Chief of the Armed Forces, to establish a National Minimum Wage higher than N60,000.
It was also agreed that the Tripartite Committee would meet daily over the next week to finalize the details of the National Minimum Wage.
The organized labor agreed to promptly hold meetings to consider the new offer, and there would be no victimization of workers for participating in the industrial action.
These resolutions were officially signed on behalf of the Federal Government by Mohammed Idris, the Minister of Information and National Orientation, and Nkeiruka Onyejeocha, the Minister of State for Labour and Employment.
