NIPOST Will Cripple Nigeria’s Logistics Industry With New Regulation

The Nigeria Postal Service (NIPOST) recently announced new regulations for courier and logistics businesses. Among the new regulations announced is an outrageous new license fee. Although Isa Ali Pantami, the nation’s Minister of Communications and Digital Economy, in a recent tweet, expressed his disapproval of the regulation and ordered that it should be suspended, the government needs to do more given that if this proposal is approved, it will cripple the courier services and logistics industry.

In its new regulation, NIPOST stipulated that international courier services like DHL, UPS and FEDEX will pay ₦20 million for a new license; companies that operate nationally will pay ₦10 million while small and medium enterprises will pay ₦250,000 as license fees. Also, all are expected to pay 40 per cent of these fees yearly as renewal fees.

Through its spokesman, Franklin Alao, NIPOST said the new regulations were not planned to frustrate ease of doing business but to promote the growth of Micro, Small and Medium Enterprises as well as create a sense of sanity and trust since consumers will know the capacity of the operators they want to deal with….

To read more, check full article on Nigerian Tribune.