FG Creates 3 Companies From NIPOST

The Federal Government has disclosed that the National Postal Commission (NPC) will be established soon to regulate the courier industry, even as NIPOST Properties & Development Company; NIPOST Transport & Logistics Company and NIPOST Microfinance have been created.

The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, disclosed this on Wednesday in Abuja when he received some labour leaders in his office.

Okoh said the BPE had completed the registration of NIPOST Properties & Development Company and NIPOST Transport & Logistics Company at the Corporate Affairs Commission (CAC).

The Director-General added that the process for registration at CAC and also that of obtaining regulatory approvals from the Central Bank of Nigeria (CBN) for NIPOST Microfinance had also commenced.

Receiving the leadership of the National Union of Postal and Telecommunications Employees (NUPTE) led by its President, Rev. Nehemiah G. Buba, who paid him a courtesy visit, Okoh said NIPOST, after the reform, would still remain 100 percent an entity of the federal government as the reform only aims at commercializing its services and making it robust to deliver more efficient postal services.

The Director General reiterated that the benefits of the reform of the sector include the provision of efficient postal services and utilisation of vast assets of NIPOST across the country; reduction in funding from the treasury in terms of subventions to NIPOST and the operation and growth of ancillary services and business to enhance the overall efficiency of NIPOST to create more jobs.

He said in order to sensitize all the relevant stakeholders on the need for the reform, the Bureau in conjunction with the Federal Ministry of Communication & Digital Economy and NIPOST held zonal workshops in five of the six geo-political zone of the country, except the North-Central Zone which was to be held in Abuja but for the outbreak of the coronavirus (Covid-19) pandemic.