Connect with us


FG disowns NIPOST’s increase of license fee for courier services



The proposed increment of license fee for by Nigeria Postal Services (NIPOST) has been by the Federal Government.

In a tweet by the minister of communication and digital economy, Isa Pantami, on Saturday morning, indicated that the increment was not part of the regulations he approved for the agency on Friday, July 24.

“Our attention has been drawn to an increase of licence fee, which was not part of the regulation I earlier approved for you,” he stated.

He added that NIPOST chairman and Post Master General “were yesterday (Friday) contacted to put the implementation on hold and send a report to our ministry by Monday.”

In the memo released by NIPOST, companies which provide international courier services like DHL, UPS and FEDEX, are expected to pay N20m for a new licence and N8m annually while those who offer national services are expected to pay N10m for licence and N4m yearly for renewal.

This has since caused an outrage from the public.