Sunday, Sep 19th 2021 11:59 PM

Market Digest Nigeria


FG to unveil NIPOST policies – Isa Pantami


FG to unveil NIPOST unbundling policies soon – Isa Pantami

The Federal Government is about to launch a set of policies to unbundle the Nigerian Postal Services (NIPOST).

This was disclosed by the Minister of Communications and Digital Economy, Dr Isa Pantami on Tuesday, at the unveiling ceremony of NIPOST revenue stamp in Abuja, stating that the unbundling would transform its operations and make it innovative.

What the Minister said

“We have so many policies of transforming NIPOST in the pipeline and part of it will unbundle NIPOST. We also have the ACT of NIPOST going into amendment.

“We have a plan with a property and development company, the company will bring together all the properties of NIPOST, develop them and make sure that the government generates revenue from them.

“All generated revenue will go into developing sectors like health, education, agriculture, security and other social developments,’’ he said.

He also added that the Nigerian Postal Service unbundling would see the restructuring of its Nigerian Postal Service transport and logistics, courier services and microfinance bank.

Pantami who was hopeful of Nigerian Postal Service becoming a world-class outfit praised stakeholders for their unrelenting efforts in remodelling and recording modest achievements recently.

What you should know

In June that the Senate passed the Nigerian Postal Service repeal and re-enactment bill, 2021, which restricts the agency to only postal operations in the country.

The bill, which was passed also seeks to unbundle Nigerian Postal Service for efficient service delivery by creating a commission to regulate its affairs. It was passed by the Senate following the consideration of the report of the Committee on Communications, which is Chaired by Senator Oluremi Tinubu.

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