Business

NIPOST releases new regulations to enhance courier, logistics services

The Nigerian Postal Service (NIPOST) has rolled out new guidelines to enhance courier and logistics services in the country.

General Manager, Corporate Communications of NIPOST, Franklin Alao in a statement on Tuesday said the guidelines have been approved by the Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim (Pantami).

Alao said the new regulations will replace the former regulations which has been in existence since 2001.

The statement reads partly as follows: “Dr. Isa Ali Ibrahim Pantami stated in the letter of approval that the new Regulations will no doubt enhance the regulatory powers of NIPOST in this subsector of the economy.

“The new Regulation that is a great improvement on the old one, is aimed to rejig the logistic and courier ecosystem of the economy and significantly improve efficiency, make courier and logistic operations more effective, in line with President Muhammadu Buhari’s administration policy on ease-of-doing business.

“Erstwhile regulations largely focused on the big players in the Courier industry with no clear cut role and guidelines for the SMEs, particularly the upstarts thereby creating laxity that caused proliferation in the industry.

“This was put into perspective as the new regulations that created six category of licensing ranging from International operators, Regional State, Municipal or Intra-city, and giving consideration for special Small & Medium Enterprises (SME) Licence.

“NIPOST explained in the Regulations that the categorization is to enable the licensees to operate at their levels per time and scope, stating that the new regulations will assist SMEs to grow and create youth empowerment that will translate into employment opportunities for Nigerians.

“The new guideline has made it possible for every operator irrespective of their category to be identified with specific address and location that is traceable to before and after engaging their services. This will eliminate the risk posed by dubious operators who may take advantage of poor control to operate illegally.”

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