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KPMG Emerges Transaction Adviser For NIPOST Restructuring

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KPMG has been announced as transaction adviser for Nigeria’s postal sector reforms and the restructuring/modernisation of the Nigerian Postal Service (NIPOST).

The company emerged after a selection process which held recently in Abuja.

Director – general of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, said the event marked a significant milestone towards the implementation of the postal sector reform in Nigeria.

Okoh reiterated the commitment of the Bureau to ensuring that the principle of integrity, professionalism and accountability which played out through the selection process of the transaction adviser was maintained towards transforming NIPOST “as one of the best integrated postal service providers in the world.”

Speaking at the signing of the contract agreement between the Bureau of Public Enterprises (BPE) and KPMG-the transaction adviser for the postal sector reforms and the restructuring/modernisation of the Nigerian Postal Service (NIPOST) which held in Abuja on Monday, November 12, 2018, Okoh said the event marked a significant milestone towards the implementation of the postal sector reform in Nigeria.

He said that as the agency charged with the mandate of reforming the nation’s postal sector, the Bureau would see to the ultimate modernisation and restructuring of NIPOST.The DG recalled that the project commenced with the setting up and inauguration of a Steering Committee and Project Delivery Team (PDT) as approved by the National Council on Privatisation (NCP).

Okoh noted that the success of the postal sector reform hinges on the dexterity and commitment of  the transaction  adviser and appealed to all those involved in the project to deploy creative thinking, unflinching commitment and zeal in the prompt delivery of the assignment.

He commended the communication minister, Barrister Adebayo Shittu , who is also the chairman of the steering committee for his unwavering support and commitment to the project.

Earlier, Shittu implored the transaction adviser to demonstrate competence, commitment and efficiency in the execution of the project.

He said the President Muhammadu Buhari’s administration was determined to transform the country’s postal sector into one of the most efficient and viable sectors of the Nigerian economy and; the best in the world.



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