Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have reportedly accepted deregulation as a policy

The Guardian reports that NLC reluctantly accepted this after it was pressured by other unions.

The news outlet added that the decision was influenced by petrol marketers, tanker owners and other stakeholders.

Going further, the report added that the federal government also accepted to reverse the increment in the electricity tariffs.

The meeting started at 8.37pm on Sunday, September 27, at the banquet hall of Aso Rock.

Meanwhile, the report added that both labour unions will only take a final decision on the matter when it reached concrete agreement with government.