NIPOST mulls diversification into property devt., transport, others

The Minister of Communications, Barrister Adebayo Shittu, has disclosed that Nigerian Postal Service, NIPOST ’s will soon divest into other business areas like property development, banking, transport and logistics.

Shittu revealed that by 2020, NIPOST would be the leading federal government’s agency in terms of direct impact of the lives of Nigerians.
He spoke at a one-day stakeholders’ conference organised by NIPOST in Lagos, over the weekend.

He said that federal government will leverage on the massive infrastructure of the agency spread across the country to diversify its revenue streams in order to generate revenue for the government.

“NIPOST has many landed properties scattered across the country and they are going to be used for properties investments to bring a lot of money into the coffers of Nigerian Postal Service.

“We shall establish a Nigerian Postal Service property and development company.

We are also establishing the NIPOST transport and logistics company and NIPOST e-government services company, which will cater for the e-governance, particularly with the application and delivery of driving licences, vehicle documents and international passports,” he said.

The Minister noted that infrastructure such as good roads, postal addressing, ICT infrastructure are critical to e-commerce development.
“There is no gainsaying that the current situation in most developing countries remained poor.

Most of our streets are unnamed and the houses remained unnumbered,” he said.

He said the digital addressing effort by the Federal Government is currently receiving worldwide recognition.

Credit: Blueprint