NIPOST’s monstrous licence fees vanguardnews
MANY Nigerians must be shocked to know that the Nigerian Postal Service, NIPOST, still exists. The deregulation of the Posts and Telegraph, P&T, sector which enabled the private GSM companies to bankrupt the Nigerian Telecommunications Ltd., NITEL, had, for almost 20 years, also rendered NIPOST irrelevant.
Postal services all over the world responded to the Information and Computer Technology, ICT, revolution by privatising or folding up. But our own NIPOST did neither. It became another bottle-fed, salary-guzzling federal agency. Many of its branches in the 774 local government areas of the country were abandoned.
Smaller state zonal operators will pay N1m with N400,000 renewal cost, while operators with less than five bikes are to pay the SME licence of N250,000 per bike. Besides, companies are required to remit two per cent of their annual revenues. It does not happen in any civilised, market economy because of obvious conflict of interests which will work against the private sector. As an operator, NIPOST must hands-off regulation. It should pursue its partnership with the Central Bank of Nigeria, CBN, aimed at converting its offices nationwide to microfinance banks.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FIRS, NIPOST Tackle Each Other Over Stamp Duties CollectionICYMI: FIRS, NIPOST Tackle Each Other Over Stamp Duties Collection
Read more »
FIRS, NIPOST in social media war over stamp dutyWe are a quality, national, newspaper with credible and dependable information.
Read more »
FIRS Vows to Recover Funds in NIPOST's 'Illegal' Stamp Duties' Account - THISDAYLIVEBy Ndubuisi Francis The Federal Inland Revenue Service (FIRS) has expressed its resolve to ensure that all monies collected by the Nigeria Postal Service (NIPOST) into its ‘illegally operated Stamp Duties’ Account’ are fully recovered and remitted into the Federation Account. The tax authority also said it was determined to make sure that any kobo …
Read more »
Your stamp duties account illegal, FIRS attacks NIPOST
Read more »
Stamp duty: NIPOST, FIRS in Twitter war - Daily Post NigeriaThe Nigerian Postal Service (NIPOST) and the Federal Inland Revenue Service (FIRS) are locked in a Twitter war. The exchange of words followed a
Read more »
FIRS clarifies NIPOST’s stamp duty claims - The NationThe Federal Inland Revenue Service (FIRS), says the claim by Chairperson of NIPOST Board, Hajiya Maimuna Abubakar, that both the Service..
Read more »