The labour union announced the protest last week, citing the burden the tariff increase would place on Nigerians.
However, following a meeting with government representatives at the Office of the Secretary to the Government of the Federation on Monday night, the NLC resolved to halt the demonstration pending further discussions.
The NLC’s President, Joe Ajaero spoke to journalists after the meeting.
According to him, the committee would be composed of five representatives from both sides and was expected to submit its findings within two weeks.
Ajaero stated, “We emphasized that the NLC is the largest organisation in Africa, and no stakeholder consultation can exclude us and still stand.
“On that basis, they agreed to form a broader committee to ensure a fair and inclusive agreement to look at the entire tariff structure as a model to come out with a realistic and all-inclusive agreement.
“So the committee will be made up of five representatives, from both sides and expected to come out with a result after two weeks.
“The outcome of such a committee is what will determine our next line of action in terms of protest, in terms of boycott, and in terms of even withdrawal of services, which are the three issues we put online.”
He added that the union’s next steps, including protests, boycotts, or service withdrawals, would depend on the outcome of the committee’s work.
While the planned symbolic submission of protest letters has been put on hold, Ajaero noted that the NLC remained concerned about other pressing economic issues, including electricity tariffs and burdensome taxes on workers.
“We have also expressed our displeasure over the high electricity tariff and the unbearable tax regime, which is killing workers. These remain unresolved issues that must be addressed,” he said.