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FG Sets Revenue Targets For New NIPOST Boss

The federal government has set fresh revenue targets embedded in a roadmap that would reposition the Nigeria Postal Service (NIPOST) to contribute substantially to the overall revival and perpetual sustainability of the Nigerian economy.

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The minister of communications, Mr Adebayo Shittu, who disclosed this at the inauguration of the newly appointed postmaster general (PMG) and chief executive officer of the NIPOST, Mr Bisi Adegbuyi, in Abuja, said that the target is to make the NIPOST a world class business conglomerate.
According to him, a reformed and commercialised NIPOST targets include service delivery, both government-to-citizens (G2C) services and citizen-to-citizens (C2C) services through the adoption of cutting edge technology as well as financial inclusion services to alleviate poverty, create wealth and substantially generate employment for teeming youths nationwide.
Shittu said that the new PMG is “stepping into an office that requires a lot of work to meet up with the reform promises we have made to Nigerians. This assignment requires deep thinking, radical ideas and team work to attain a rapid turn-around and give us a modern, responsive and efficient NIPOST that will be a pride not only to our dear president but the entire Nigeria citizenry.”
He further said, “I have no doubt that with your sterling accomplishments both in the legal profession and the business world you are capable of delivering the expected outcomes that will add real value to the Nigerian society,” while noting that today the NIPOST is contending with stiff competition from over 200 courier operators as well as many more illegal operators active in the postal sector.
“Today, the NIPOST is faced with a myriad of challenges which include an inefficient management structure; low level of investment, especially in ICT; vast but obsolete infrastructure and facilities; poorly motivated workforce, particularly the junior staff, and unredeemed pension payments; and occasional loss and violation of mail items. Others are intense competition from alternative courier service providers; unenviable public image as well as a dysfunctional internal system. These challenges therefore make reform urgent and inevitable to deliver on our promises for a new and efficient NIPOST to restore the public confidence in the postal system as well as ensure that the NIPOST delivers on its statutory obligations,” he said.
Shittu said that a new management of the NIPOST would be inaugurated soon to create an enabling and competitive environment where independent regulation will thrive, allow for broadening the scope and depth of services, including productive financial services as agent banking, savings mobilisation, payment and funds transfer system through the postal network in well over 2,500 locations nationwide.

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