8 December 2017

Nigeria: FG Commences Partial Commercialization of NIPOST

The Federal Government, yesterday, commenced the much awaited modernization and restructuring of the Nigerian Postal Services, NIPOST with the inauguration of a steering Committee and project delivery team for the sector.

The partial commercialization is aimed at moving the organisation from its old postal operations to an ultimate agency responsive to modern global exigencies with some of its services reflecting policies and economic intervention of government for effective service delivery.

Inaugurating the committee yesterday, Minister for Communications, Barrister Adebayo Shittu, affirmed that the restructuring is aimed at moving NIPOST from the old order of inactivity to a commercially appealing and viable institution.

He said the reform is also aimed at evolving new creative ways to keep NIPOST alive and become a key element in the communication value chain that has come to recognize and accept the place of knowledge resource management as the greatest economic enabler in the increasingly changing global village.

The minister noted that the National Council on Privatization under the chairmanship of the Vice President, Prof Yemi Osinbanjo, constituted a steering committee to be headed by him alongside other Ministerial Departments and Agencies (MDAs), the labour and postal consultants, stressing that the committee is expected to take postal services in Nigeria to a new height in the face of the global challenge posed by new information technologies to postal services.

Shittu noted that the National Assembly is about to pass the NIPOST Bill which sets out to separate what hitherto had been the dual function of NIPOST as regulator and operator, adding that the step would pave way for efficient regulation and efficient service delivery by every operator in the sector.

He said when the bill is passed into law, NIPOST will concentrate on its functions as an operator in Nigeria's postal system, hence the need for the reforms so that it can make its pitch for a share of the deregulated postal market.

In his remarks, the Director General of Bureau of Public Enterprise, BPE, Dr Alex Okoh, said the reform would lead to a full integration and a robust NIPOST in the country.

He urged the Committee to exhibit high level of commitment and excellence in executing the national assignment.

Nigeria

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