The Petroleum and Natural Gas Senior Staff Association of Nigeria in the early hours of Wednesday suspended its six-day strike after deliberations with officials of the Federal Government and employers in the oil sector.

The oil workers’ union called on its members nationwide to resume work with immediate effect following its National Executive Committee meeting.

The suspension of the strike came after the Ministry of Labour and Employment and Ministry of Petroleum Resources held a two-day meeting with the leadership of PENGASSAN, Nigerian Union of Petroleum and Natural Gas Workers and oil companies to address some unresolved issues in the oil and gas industry.

In a communiqué issued at the end of the meeting by the Ministry of Labour and Employment, it was concluded that only one government agency had been affected by the non-implementation of the 2015 Collective Bargaining Agreement, stating that National Salaries Incomes and Wages Commission and the Budget and National Planning ministry would make corrections to be effective from March 1, 2015.

On the issue of restructuring in the Petroleum Products Pricing Regulatory Agency, Department of Petroleum Resources, Nigeria Content Development Management Board, Petroleum Training Institute, Nigeria Nuclear Regulatory Agency, Petroleum Equalisation Fund and Petroleum Technology Development Fund, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, assured stakeholders that the restructuring exercise in the agencies had been done and no jobs were lost.

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