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A bill to reform the Nigerian Postal Service (NIPOST) has scaled second reading in the Senate on Tuesday. The bill seeks to establish a Nigeria Postal Commission as a regulatory agency to oversee operators of postal services in Nigeria including independent postal enterprises to be carved out of a reformed NIPOST.
Titled “A bill for an Act to repeal the Nigerian Postal Service Act Cap N127 LFN 2004 and establish the Nigeria Postal Commission to make comprehensive provisions for the development and regulation of postal services and for other related matters, 2021,” it successfully went through plenary session.
Bill is catalyst for postal investment
“This bill will serve as a catalyst for local and foreign postal investment while attracting skilled personnel in the field. This bill has become necessary to ensure that our agencies are self-funding, improve revenue generation to federal government coffers,” said sponsor of the bill, Senator Oluremi Tinubu.
“By passing this bill, we will not only be ensuring that our postal services are carried out in line with international best practices, but we will also be sending a signal to would-be investors that we are an investment haven.
“This bill will, in an age where it has become necessary to ensure that our agencies are self-funding, improve revenue generation to Federal Government coffers,’’ Tinubu added.
