The Nigerian Association of Road Transport Owners (NARTO) has decided to postpone its nationwide strike following a meeting with the Federal Government and stakeholders.
This decision comes after tanker drivers suspended operations, halting the lifting of petroleum products amidst challenging economic conditions.
NARTO had previously threatened to initiate a countrywide shutdown beginning Monday due to the soaring cost of Automotive Gas Oil (diesel), essential for fueling their trucks used in transporting petroleum products across Nigeria.
The price of diesel, much like Premium Motor Spirit (petrol), has witnessed a significant increase in recent times, attributed in part to the forex crisis gripping the nation.
Currently, diesel is priced at over N1,250 per litre in Nigeria, exacerbating the financial strain on transport operators.
The decision to suspend the planned strike demonstrates a willingness by NARTO to engage in dialogue with relevant stakeholders to address pressing issues affecting the transportation sector.
However, the underlying challenges posed by exorbitant fuel prices and the forex crisis continue to loom large, necessitating concerted efforts from both the government and industry players to find lasting solutions.
