The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their strike which was planned to begin Wednesday.
This decision was taken on Monday night, followed a meeting by the representatives of the Federal Government and the Organised Labour.
The agenda of the meeting held at the Presidential Villa was the fuel subsidy removal.
The newly-appointed Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, confirmed the outcome of the meeting to State House correspondents.
Gbajabiamila read a communique disclosing that the agreement struck between the NLC, TUC and the team set up by President Bola Tinubu to discuss the issues arising from the subsidy removal.
According to him, the Federal Government, the TUC and the NLC would establish a joint committee to review the proposal for any wage increase or award and establish a framework and timeline for implementation.
Earlier on Monday, the National Industrial Court restrained the Organised Labour from embarking on any form of strike.