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NIPOST

Pantami Orders NIPOST to Suspend New License Fees For Courier Companies

The Minister of Communications and Digital Economy, Isa Pantami has ordered The Nigerian Postal Service (NIPOST) to suspend the new license fees for courier and logistics companies.

Pantami disclosed in several tweets that he did not approve the new license fees announced by NIPOST.

“Pls @NipostNgn, our attention has been drawn to an increase of license fee, which was not part of the regulation I earlier APPROVED for you. Your Chair and PMG were YESTERDAY contacted to put the implementation on hold and send a report to our ministry by Monday. Best wishes!

@NipostNgn, d power of regulation of NIPOST lies with the Minister. Any change of fee must be specific & be approved by him before implementation. I know the economic challenges of NIPOST. However, looking at the economic hardship of our citizens, we need to suspend any move.”

What Happened?

NIPOST had recently announced an upward review of the license fee for courier and logistices services. The National Postal Service even said that the new fee was appoved by the Minister of Communications and Digital Economy.

According to NIPOST, companies which provide international courier services like DHL, UPS and FEDEX, are expected to pay N20m for a new licence and N8m annually while those who offer national services are expected to pay N10m for licence and N4m yearly for renewal. N5m for those who offer regional services, N2m for state services, N1 for municipal and 250,000 for special smes.

Nigerians Condemns NIPOST, Commends Pantami

As soon as the news of the increase in the license fee for logistics/courier companies by NIPOST hit social media, there was an immediate uproar. Social nedia users argued that the increase in license fees will lead to the shut down of many logistics/courier startups and significant rise in the cost of deliveries whose budden will be borne by the end user.

 

Musa Suleiman
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