Organised Labour represented by the Nigeria Labour Congress and Trade Union Congress has given reasons for shelving its planned nationwide strike and protests.
It made this known in a joint communique on Tuesday.
The Communique was titled, ‘Text of the joint communique on the resolution of trade dispute between the Federal and the organised Labour represented by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the State House Banquet Hall on September 27’.
On behalf of organised labour, the communique was signed by NLC President Ayuba Wabba; TUC President Quadri Olaleye; Secretary-General NLC, Emmanuel Ugboaja; Secretary-General TUC Musa Lawal Ozigi; NUPENG President Williams Akporeha; PENGASSAN President Festus Osifo; President NUEE Martin Uzoegwu and President, SSAEAC Chris N. Okonkwo.
According to the labour leaders, they considered the impact of COVID-19 before agreeing to shelve the industrial action.
They also noted that the Federal Government explained to them the state of the economy and the drive behind the recent cost-reflective Electricity Tariff adjustments and deregulation of the downstream sector of the Petroleum Industry.
Part of the communique read, “Recognising 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 nationwide 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;
“Acknowledging 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;
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