Home Business Pantami  Orders NIPOST To Suspend New Charges

Pantami  Orders NIPOST To Suspend New Charges


The Minister of Communications and Digital Economy, Isa Pantami, has ordered the Nigerian Postal Service (NIPOST) to halt the implementation of the new charges on courier and logistics companies immediately.

Pantami in a tweet on Saturday, said, “Please NIPOST, our attention has been drawn to an increase of licence fee, which was not part of the regulation I earlier approved for you. Your chairman and PMG (Postmaster-General) were yesterday contacted to put the implementation on hold and send a report to our ministry by Monday. Best wishes!”

NIPOST  had reached decision to introduce costs of licence for logistics and courier services sparked outrage from a section of Nigerians mainly online.

The new charges introduced by NIPOST are expected to cause an increase in the cost of courier services and delivery goods.

According to NIPOST, companies which provide international courier services like DHL, UPS and FEDEX, are expected to pay N20 million for a new licence and N8million annually while those who offer national services are expected to pay N10 million for licence and N4 million yearly for renewal.

Logistics companies that operate within regions are expected to pay N5 million for licence and N2 million annually.

For firms that operate within states, the cost of procuring a licence is N2 million while the renewal costs N800, 000.

Courier firms that operate within municipalities are to pay N1 million for licence and N400,000 annually.

For Small and Medium Enterprises, the licence is N250,000 while the annual renewal of the licence is N100,000.

The SME category is for small courier firms which have not more than five delivery vehicles

The move, it was learnt, would increase the cost of goods purchased online.


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