Nigeria’s Umbrella labour body, Wednesday said it has agreed to suspend its strike agreed after meeting with President Bola Tinubu.
The development comes a day after thousands of Nigerians marched against the removal of the petrol subsidy.
The Nigeria Labour Congress (NLC) said the marches across major Nigerian cities were successful enough to force Tinubu to meet union leaders and vow to expedite an agreement on a new minimum wage among other promises.
Tinubu’s spokesman, Dele Alake, said labour Unions have suspended their strike but are in talks with the president who had promised that a major oil refinery under rehabilitation in southern Nigeria would start processing fuel by December, likely reducing petrol prices.
Although welcomed by investors, Tinubu’s reforms unions say have led to soaring costs at a time when Nigerians are already grappling with the highest inflation in nearly two decades.
Nigeria spent 10 billion dollars last year on fuel subsidy.