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FG Approves Commercialization Of NIPOST

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The Nigerian Postal Service (NIPOST) is about to improve its services and be at par with other postal agencies of the world with the approval of the federal government for the partial sale of the organization according to the Minister of Communications, Adebayo Shittu.

The minister disclosed this in Abuja on Thursday while inaugurating the steering committee and the project delivery team for the postal sector reforms and restructuring of/modernization of NIPOST.

According to the minister, the National Council of Privatisation under the chairmanship of Vice President Yemi Osinbajo had set up a steering committee to ensure NIPOST was ‘’partially’’ commercialized.

“Government has approved that NIPOST is partially commercialized in keeping faith with the Second Scheduled Part 1, Section 6(1) of the Public Enterprises (Privatisation and Commercialisation ) Act, 1991.”

“In that regard, the government wishes to separate what hitherto had been the dual function of NIPOST as regulator and operator.” “When passed into law, NIPOST will concentrate on its function as an operator in Nigeria’s postal system; hence the need for reforms so that it can make its pitch for a share of the now deregulated postal market.”

“This committee is expected to take postal services in Nigeria to a new height in the face of the global challenge posed by new technology to postal services.”

The minister said NIPOST will be expected to operate as a commercial entity with a strong corporate brand after the committee finishes its work in April.

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Akin Akingbala is an international journalist based in Lagos, Nigeria. Aside being happily married, he has interests in music, sports and loves traveling.

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