Financial Energy Review
……..by Ben Ndubuwa…..
The Nigerian Labour Congress, on Monday, confirmed that it will no longer proceed with its nationwide strike planned for Wednesday.
The decision was part of resolutions announced by the Speaker, House of Representatives, Femi Gbajabiamila and confirmed by the President of the Nigerian Labour Congress, Joe Ajaero, after a nearly six-hour meeting between the Federal Government and the organised labour at the Presidential Villa, Abuja.
Monday’s engagement is the third in a series of meetings between the government and key labour stakeholders after the President, Bola Tinubu, announced the discontinuance of petroleum subsidy exactly one week ago.
At Monday’s meeting, the parties agreed that “The NLC will suspend notice of strike forthwith to enable further consultations.
“The TUC and the NLC to continue ongoing engagements with the Federal Government and secure closure on the resolutions.
“The labour Unions and the Federal Government to meet on June 19, 2023 to agree on an implementation framework.”
Gbajabiamila also announced that the FG, TUC and NLC are to establish a joint committee to review the proposal of any wage increase or award and establish a framework and timeline for implementation.
The Federal Government, TUC and NLC will also review the $800m World Bank Financed Cash transfer scheme and propose inclusion of low-income earners in the program.
Monday’s resolution also include the review of the CNG conversion program earlier agreed with labour centres in 2021 and work out detailed implementation and timing.
The Labour centres and the FG will also review issues hindering effective delivery in the education sector and propose solutions for implementation.
The labour centres and the FG will review and establish the framework for completion of the rehabilitation of the nation’s refineries
This also includes a provision of a framework for the maintenance of roads and expansion of rail Explainer: Threats To 2023 Elections .
