Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) have called off their six-day old strike after a meeting with the Federal Government.
On Wednesday morning, the leadership of the unions called on its members nationwide to resume work with immediate effect after its National Executive Committee meeting.
The decision to suspend the industrial action may not be unconnected to the outcome of the two-day meeting the leadership of the unions had with the Ministry of Labour and Employment and Ministry of Petroleum Resources, which addressed all unresolved issues in the oil and gas industry.
In a statement issued at the end of the meeting by Chris Ngige, the Ministry of Labour and Employment, it was concluded that only one government agency had been affected by the non-implementation of 2015 Collective Bargaining Agreement.
It was agreed that the National Salaries Incomes and Wages Commission and the Budget and National Planning Ministry would make corrections to be effective from March 1, 2015.
In the meeting, the talks also covered the planned restructuring of the Petroleum Products Pricing Regulatory Agency; Department of Petroleum Resources; Nigeria Content Development Management Board; Petroleum Training Institute; and Nigeria Nuclear Regulatory Agency; Petroleum Equalisation Fund; and Petroleum Technology Development Fund.
PENGASSAN said the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, assured the oil workers that the restructuring exercise had been done in the mentioned agencies and no jobs were lost.