Nigerian labor leaders nd goment delegation afta reached an agreement early on Monday morning. She also stated that the Labour Party was aware that the arbitrary increase in the price of gasoline per litre by the government and the cost of the electricity tariff per unit, without soft landing measures to mitigate the effects of such an increase on the masses, have aggravated the situation. “The agreement did not linked the federal government to a certain timetable in which the capacity of domestic petrochemical refineries can be restarted. According to Festus Keyamo, Nigeria`s Minister of State for Labour and Employment, the government and the Labour Party agree at 2:53 a.m. The country has increased following a critical examination of the various challenges posed by the downstream sector of the Nigerian oil and gas industry with regard to the incalculable losses associated with a subsidy regime that the country has suffered in terms of downstream growth, reduced human capital development and massive leaks and leaks. This is in addition to the Federation`s dire financial situation, which excludes any possibility of maintaining any MSP subsidy and making deregulation of the SMP inevitable. Therefore, the parties voted as follows: The agreement came 182 days after President Muhammadu Buhari introduced the new minimum wage into law. A bilateral meeting between the FGN and the two work centres – Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC), convened at Banquet Hall, State House, Abuja, to discuss emerging labour issues arising from recent costs – reflective adaptations of electricity tariffs and deregulation of the downstream oil industry, recognition of public outcry and protest over the federal government`s recent dual policy on electricity tariff reform and the implementation of full implementation of The oil and gas sector in Nigeria that leads to national trade union actions of organized labour, taking into account the spiral and negative effects of the COVID 19 pandemic on the global economy, also bearing in mind that the world is in socio-economic transition due to the impact of the COVID-19 pandemic, which has had an impact on price stability , business viability, employment and other socio-economic indices. Recognising that the spiral and negative effects of the COVID 19 pandemic on the global economy have created the need for a new socio-economic order, recognizing the need to maintain businesses for job maintenance and creation, as well as for sustainable growth and development, recognizing the need for social coordination between the federal government and workers` representatives , namely the two work centres – the NLC and the TUC to support dialogue and communication, the federal government gave lectures to show the state of the economy and the motivation behind the recent costs – reflective adjustments to electricity rates and deregulation of the downstream sector of the oil industry, bipartisan meetings to resolve disputes between the FG and the labor centres took place on September 15. , 24 and 27, 2020, After an in-depth discussion on the issues raised by the work centres, the FGN explained that it had developed means of relief that would alleviate the suffering that Nigerian workers could suffer because of the costs – adjusting electricity tariffs and deregulating the downstream sector of the oil industry.