Organised labour on Monday suspended the one-week strike it embarked upon to protest the increase in the pump price of petrol by the government.
The President of the Nigeria Labour Congress, Comrade Abdulwaheed Omar, joined by the President of the Trade Union Congress, Peter Esele, announced the decision in Abuja.
Omar said the decision to suspend the strike was taken after a thorough consideration of all factors surrounding the initial need to embark on the strike, including the N97 price announced by President Goodluck Jonathan earlier in the day.
It said it was going to participate fully in the work of the committee government set up to review the operations of the petroleum industry.
Esele said there had never been a strike of this magnitude in the country, adding that the decision to peg the pump price at N97 did not have the support of labour.
He said the decision to suspend the strike was taken after all parametres were looked at and what was in the best interest of the nation.
Organised labour said it was going to work with the retired Justice Alfa Belgore committee in the total resolution of the issues that necessitated the strike action.
It said the wide consultation were made before the decision to suspend the strike was reached.
And shortly after the announcement of the suspension of the strike, the military men deployed on the streets of Lagos State began withdrawing.
This was first noticed in the Ketu/Ojota axis where the military men started taking the barricades they had set up off the road.
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