Labour has called off its proposed nationwide strike which was slated for today,November 6th.
The labour unions had planned to embark on an indefinite strike on Tuesday to press home their demands for an upward review of the minimum wage from N18, 000 to N30, 000.
the decision to suspend the industrial action was taken after agreements were reached and documents signed.
After meeting for over seven hours, the two teams arrived at different figures. While labour insisted on N30,000, the government delegation proposed N24,000.
Chris Ngige, minister of labour, had said the two figures would be forwarded to President Muhammadu Buhari for approval.
Though not disclosed, the figure of the new minimum wage arrived at by the committee, YOUNEWS gathered will be the only the amount to be presented to Buhari… the final decision would thereafter be sent to the National Assembly.
He said the amount would only be made public after the committee’s report would have been presented to the president by 4.15pm on Tuesday.
In the process of negotiation, state governors said they could only pay N22,500; the Federal Government proposed N24,000 while the labour and organised private sector settled for N30,000.
“The committee came up with two figures. The Federal Government suggested N24,000 and labour, as well as the organised private sector, gave a figure of N30,000.