It appears the threat of an immediate shutdown of the economy may have been averted as the Federal Government and the Joe Ajaero-led faction of the Nigerian Labour Congress (NLC) have agreed to set up a joint technical committee to review the new fuel pump price band of N135-N145 within the next two weeks, Vanguard reports.
The NLC and Trade Union Congress (TUC) had in a communiqué Saturday given the government a three-day ultimatum to reverse the sudden hike in the pump price of Premium Motor Spirit (PMS) or face a nationwide lockdown.
However, after two rounds of meetings that began on Monday, both parties resolved to set up a committee that would work towards setting up a new pricing template for petrol as well as reviewing the current national minimum wage of N18, 000 which, according to labour, is not in tune with the prevailing economic situation in the country.
Meanwhile, the National Industrial Court (NIC) earlier today ruled against any strike action by organized labour, pending the determination of an ex parte application by the Attorney-General of the Federation, Abubakar Malami (SAN) asking the court to prevent labour from embarking on any ‘inimical’ nationwide strike.
