The industrial strike action has been put to hold as the Federal Government and Organized Labour Group reaches agreement. A bipartite meeting between the FGN and the organized labour groups was convened at the Banquet Hall, State House, Abuja to discuss emerging labour issues arising from recent cost – reflective Electricity Tariff adjustments and deregulation of the downstream sector of the Petroleum Industry.
Recognizing the public outcry and protest over the recent federal government twin policies on electricity tariff reform and full implementation of deregulation of the downstream sector of the Nigerian oil and gas industry resulting in the planned nation-wide industrial action by organised labour, bearing in mind the spiral and negative impact of COVID-19 pandemic on world economy, further bearing in mind that due to impact of COVID-19 pandemic the world is undergoing socio-economic transition which has affected price stability, sustainability of enterprises, employment, and other socio-economic indices.
It was also acknowledged that the spiral and negative impact of COVID-19 pandemic on the global economy has given rise to the need for a new socio-economic order, recognising the need to sustain enterprises for retention and creation of jobs as well as sustainable growth and development.
Acknowledging the need for social concertation between the Federal Government and workers’ representatives, namely the two Labour Centres – The NLC and TUC,
To aid in the dialogue and communication, the Federal Government side made presentations to show the state of economy and the drive behind the recent cost – reflective Electricity Tariff adjustments and deregulation of the downstream sector of the Petroleum Industry.
After exhaustive deliberations on the issues raised by Labour Centres, the FGN stated that it has fashioned out palliatives that would ameliorate the sufferings that Nigerian workers may experience as a result of the cost – reflective Electricity Tariff adjustments and deregulation of the downstream sector of the Petroleum Industry. The palliatives will be in the areas of transport, power, housing, agriculture and humanitarian support.