The Organised Labour Union has suspended its intention to commence a nationwide strike less than 24 hours after it was announced. This reversal comes following a meeting between union leaders and President Bola Tinubu.

A senior labor source confirmed the strike action was called off based on assurances given at the presidential meeting. Reportedly, Tinubu vowed immediate action on some of the union’s demands regarding the removal of fuel subsidies.

Earlier, the NLC and TUC unions had stated they would begin a nationwide work stoppage to press their concerns over the government’s subsidy termination policy.

In an effort to assuage the unions prior to the strike, Tinubu delivered a national address explaining how his administration aims to relieve the hardship caused by rising fuel costs. Labor leaders had criticized the government’s savings claims regarding subsidy removal.

It appears yesterday’s direct talks between the president and union chiefs managed to produce enough common ground and promises of relief for the labor coalition to suspend its industrial action plans for now.