The Nigeria Labour Congress (NLC) has called off its nationwide strike.
The action which was taken on Wednesday failed to gain much traction.
Speaking with journalists on Sunday, Ayuba Wabba president of the NLC, said that the union decided to suspend the action after making wide consultations.
“After an exhaustive deliberation, NEC noted its protest action was informed by the twin issues of the unjustified and illegal hike in electricity tariff and increase in the pump price of petroleum products,”he said.
“In consideration of the above, NEC after due consultation with its constituents resolved to suspend with immediate effect, the action it commenced on Wednesday, May 18, 2016. The action is thus hereby suspended.”
According to Wabba, the union resolved to resume negotiations with the government on the new petrol price regime.
After unfruitful negotiations with the government over the increase in the price of petrol from N86.5 to N145, the NLC embarked on a nationwide industrial action and protests.
But the Trade Union Congress (TUC) and a faction of the NLC led by Joe Ajaero pulled out of the action.
The decision of the NLC is coming just two days after Bola Tinubu, national leader of the All Progressives Congress (APC), appealed to the union to suspend the action.