The Minister of Labour and Employment, Senator Chris Ngige briefed State House correspondents at the end of the FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.
Ngige also blamed the private sector of being responsible for the delay in announcing the Chairman of the Minimum Wage Review Committee.
According to him, the Federal Government was ready and will announce Chairman of the Committee when all the names of representatives of the private sector is received.
ASUU had embarked on nationwide strike since August 13 over the failure of the Government to implement an agreement it reached with the union in 2009.
The union also alleged that the Federal Government did not implement the Memorandum of Understanding the two sides signed in 2013.
The union, in a statement on Tuesday, said it would call off its strike after receiving a positive response to its demands from the Federal Government.
The union boycotted a meeting which was scheduled to hold between the government and the union on Tuesday.