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NIPOST to become largest revenue generating agency-Shittu



The Minister of Communications, Dr Adebayo Shittu, yesterday said the ongoing multi-faceted reforms in NIPOST will reposition it as a top revenue generating and impactful government agency within the next two years.

Shittu made the assertion during a Stakeholders Conference organised by NIPOST in Lagos, said through the Digital Address System and Address Verification System introduced by NIPOST, trading activities via the e-commerce platform would increase, be efficient and make fast delivery of goods to all parts of the country.

“I can say confidently that with the multifaceted reforms that we are bringing on board, NIPOST would be number one leading government agency with the most impactful influence on every Nigerian.

“As of today, those in the forefront of bringing large money into Federal Government’s coffers are the Customs, FIRS, NNPC and a few others, but that will change in the next two years,”Shittu said.

He said that part of the agenda of the Buhari Administration was to introduce reforms and initiatives that would spur economic growth, job creation and impact on citizens’ welfare.

He said that asides the Digital Address System, there would be a NIPOST Banking and Insurance Company to drive financial inclusion and economic growth.

“We know that over 60 per cent of Nigerians live in rural areas and less than half of the 774 local government areas has banking infrastructure.

“What NIPOST will do is to bring some of its about 1600 structures across the country to provide banking services so that everyone in the country would be financially included,” he said.

According to him, plans are also in the offing to create a NIPOST Property and Development system to ensure that many unused NIPOST lands spread across the country are leased out to the public.

Shittu said that there would also be a NIPOST Logistic Service that would not be restricted to courier services, but also the movement of people and goods across the country.





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