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FG approves partial commercialisation of NIPOST

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The Federal Government has approved the partial commercialisation of Nigerian Postal Services (NIPOST).

The Minister of Communications, Mr Adebayo Shittu disclosed this while inaugurating the Steering Committee (ST) and the Project Delivery Team (PTD) for the Postal Sector Reforms and the Restructuring /Modernisation of NIPOST.

He said that the partial commercialisation of NIPOST was in line with the Second Schedule Part 1 Section 6 of the Public Enterprises Privatisation and Commercialisation Act 1999.

He, however, said that some of its services would still reflect polices and economic intervention from government.

“I am aware that the National Assembly was about to pass a bill on the Nigerian Postal Commission, which set out to establish a regulator for the nation’s postal sector.

“In this regard, government wishes to separate what hitherto had been the dual function of NIPOST as a regulator and operator at the same.

“When passed into law, NIPOST will concentrate on its function as an operator in Nigeria’ postal system in addition to the new institution we are trying to create.

“Hence the need for reforms so that it can make its pitch for a share of the now deregulated postal market,’’ Shittu said.

According to the minister, when the committee completes its assignment, this administration will have succeeded in causing a systematic change in postal service delivery in the country.

“This is in line with the Universal Postal Service Obligations of the United Nation which Nigeria is a signatory.’’

Shittu noted that it was the desire of the Federal Government to transform NIPOST into a strong corporate brand and solid commercial enterprise that could compete in the postal market

“Our aim is to implement the restructuring and modernisation of NIPOST in a manner that is consistent with relevant national policies, laws and international best practices.

“It is also to make NIPOST to effectively run in the post restructuring and modernisation era by introducing commercial viability and customer attractiveness to its operations, while still discharging the social services expected of a government agency.

“The aim is to introduce a regulator, the Nigerian Postal Commission that will ensure professional, efficient and effective postal services in the country.’’ he said.

Shittu said that the members of the committee had been carefully selected based on competence and professionalism.

Also speaking, Mr Alex Okoh, the Director-General, Bureau of Public Enterprises (BPE) said that the National Council on Privatisation approved the setting up of the committees on Oct, 31.

Okoh said that the committee was set up to drive the postal sector reforms, restructuring and modernization.