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China Development Bank grants first $254.76 million loan to railway project in Nigeria

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China Development Bank grants first $254.76 million loan to railway project in Nigeria

China Development Bank grants first $254.76 million loan to railway project in Nigeria

China Development Bank (CDB) released on Tuesday that the bank has recently granted a loan of 245 million euros ($254.76 million) to the Kano-Kaduna railway project in Nigeria, providing financial support for the smooth progress of the project.

The Kano-Kaduna railway, with a total length of 203 kilometers, is a standard-gauge railway. Once completed, it will provide direct rail connectivity between Kano, an important northern city in Nigeria, and the country’s capital Abuja, offering local residents a safe, efficient, and convenient mode of transportation.

This railway will also promote the development of related industries along the route. The construction and operation of the project will create numerous job opportunities in Nigeria.

The Kano-Kaduna railway project has been included in the list of practical cooperation projects for the Third Belt and Road Forum for International Cooperation. This project is being constructed by China Civil Engineering Construction Corporation, with financing support provided by the CDB.

Currently, the project is progressing smoothly. The CDB stated that in the next phase, it will work closely with the Nigerian side to ensure the continued disbursement of loans and effectively manage following work.

Tax Reform Bills: Most critics have β€˜zero knowledge about VAT’ – Governor Sule 

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Tax Reform Bills: Most critics have β€˜zero knowledge about VAT’ – Governor Sule 

Governor Abdullahi Sule of Nasarawa State has voiced concerns about the ongoing debate over the proposed tax reform bills before the National Assembly, stating that many critics of the bills lack a fundamental understanding of Value Added Tax (VAT) and its mechanisms.

 

Speaking on Monday during an interview with Arise Television, Governor Sule acknowledged the initial reservations expressed by some northern governors, including himself, regarding aspects of the tax bills.

 

However, he noted that recent clarifications from President Bola Tinubu and the Chairman of the Presidential Advisory Committee on Fiscal Policy and Tax Reform, Taiwo Oyedele, have alleviated many concerns.

 

β€œThe unfortunate part of this debate is that it has been taken over by people with zero knowledge about VAT or the bills themselves,” Sule remarked. β€œSome are doing it to save their jobs, others for political gain, and some for reasons unrelated to the real issues at hand. This has made the discourse unproductive and uninteresting.”

 

Sule noted that one of the contentious points in the bills was the perception that VAT would only be administered at the point of revenue generation. According to him, this misunderstanding led to widespread opposition.

 

However, recent engagements with Oyedele’s committee and other stakeholders have clarified that VAT sharing will involve both the points of revenue generation and consumption.

 

β€œDuring the meeting in Kaduna, we were initially told that 60% of VAT revenue would be allocated solely at the point of generation,” Sule explained. β€œBut Mr. Oyedele later clarified that the 60% would be shared between the point of generation and the point of consumption. This adjustment addresses one of our key concerns.”

 

CALLS FIR AMENDMENTS INSTEAD OF WITHDRAW

 

The Nasarawa State Governor, who also serves as Chairman of the North Central Governors Forum, emphasized that the initial request for the withdrawal of the bills may no longer be necessary. He pointed out that President Tinubu and Oyedele have assured that the bills can be amended to reflect stakeholders’ concerns.

 

β€œWhat we wanted was for the contentious areas to be discussed and addressed, and that is already happening,” Sule said. β€œThe bills don’t necessarily need to be withdrawn if amendments can incorporate our suggestions. This approach ensures progress without disrupting the legislative process.”

 

PRESIDENT TINUBU’S COMMITMENT

 

Governor Sule commended President Tinubu’s open-mindedness in addressing concerns about the bills. He revealed that during a recent meeting, Tinubu assured the governors that their concerns would be reviewed and addressed.

 

β€œIn our last meeting with Mr. President, he confirmed his willingness to look into the bills and address areas of concern,” Sule stated. β€œSimilarly, Taiwo Oyedele and Zach Adedeji, who are key figures behind these reforms, have shown a readiness to engage in constructive dialogue.”

 

– Nairametrics

We Will Unseat Tinubu, Produce More Govs In 2027, PDP Boasts

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We Will Unseat Tinubu, Produce More Govs In 2027, PDP Boasts

The national leadership of the Peoples Democratic Party (PDP), on Sunday, deΒ­clared that the party will unseat the curΒ­rent administration of President Bola Ahmed Tinubu, and produce more state governors in the 2027 general election.

 

The party’s National Working ComΒ­mittee (NWC) stated this during a visit to the Bayelsa State governor, Senator Douye Diri, at his country home, SamΒ­pou, in Kolokuma/Opokuma Local GovΒ­ernment Area of the state.

 

Speaking on behalf of the NWC, the National Treasurer, Alhaji Ahmed YaΒ­yare, said due to the level of disenchantΒ­ment across the country, occasioned by the lingering economic hardship, PDP would produce more governors in 2027.

 

He noted that PDP was the only viΒ­able opposition party that could wrest political power from the All Progressives Congress (APC) in 2027, stressing that if PDP does not take over the leadership of the country, it could be the end of democracy in Nigeria.

 

β€œNothing stops the PDP proΒ­ducing the president and the vice president in 2027. The cry of hunger and poverty is too much in the land.

 

β€œThe 36 states of Nigeria are yearning for the return of PDP. The APC cannot go out to camΒ­paign because they will be stoned. Nigeria is in your hands. We need your support to salvage Nigeria”, he said.

 

Yayare said the NWC was in Sampou to also commiserate with Senator Diri over the death of the Deputy Inspector General of Police (rtd), Moses Jituboh, and the Commissioner for Women Affairs, Mrs. Elizabeth Bidei.

 

The PDP National Secretary, Sunday Ude-Okoye, also stated that the NWC was poised to repoΒ­sition the party and demonstrate to Nigerians that they have an alΒ­ternative that could offer quality leadership.

 

Responding, Governor Diri said it was essential for the party and its governors to be united as the only viable party in opposiΒ­tion.

 

β€œAs governors we need to work closely together. We need to do what is right without minding whose ox is gored.

 

β€œWe can build consensus as an alternative way of resolving issues. It is not always proper to go to court whenever we are agΒ­grieved. We cannot because of poΒ­litical considerations do the wrong thing. If PDP dies in our hands, posterity will not forgive us.”

Tinubu Arrives Accra for John Mahama’s Inauguration as Ghanaian President Today

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Tinubu Arrives Accra for John Mahama’s Inauguration as Ghanaian President Today

President Bola Tinubu has arrived Accra, the capital of Ghana, ahead of the inauguration of the new President of Ghana, John Dramani Mahama, today.

 

The President, who departed the Presidential wing of the Murtala Mohammed International Airport in Ikeja, Lagos, at about 4:20pm, was received at the Kotoka International Airport, Accra, by the Chief of Staff to the President of Ghana, Hon Julius Debra, at about 4:05pm, Ghanaian time.

 

While in Ghana, President Tinubu, who is the Chairman of the Authority of Heads of State and Government of the ECOWAS, will join other African leaders to witness the swearing-in ceremony of Mahama, along with his Vice President-elect, Professor Naana Opoku-Agyemang.

 

Tinubu’s trip to Accra is at the invitation of the president-elect, who had visited the Nigerian leader earlier in December, 2024.

 

Mahama and Tinubu have a longstanding personal relationship, just like Nigeria and Ghana maintain a longstanding bilateral relationship.

 

Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; Governor Babajide Sanwo-Olu of Lagos State, and other top government officials awere accompanying President Tinubu on the trip.

Hunger humbles Nigerians as FG’s food import waiver fails

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Hunger humbles Nigerians as FG’s food import waiver fails

Several Nigerian families are struggling to have three square meals in 24 hours as the federal government’s promised food import waiver on essential food items failed to kick off in 2024.

 

β€œI had expected the food import waiver to take effect last year, but that did not happen. Currently, I spend 65 percent of my earnings on food. The rest goes into transport and other essential things. I do not even have anything left to save or invest,” said Lagos-based Ibrahim Wahab, who has a family of four.

 

The directive for the federal government’s food import waiver was contained in a July 2024 letter issued by the Federal Ministry of Finance.[admnager ad_id=”desktop_1β€³ placement=”desktop” lazy=”false”]

 

The ministry had explained that the suspension of import duty on rice, wheat, maize and other essential food items was aimed at ameliorating the surging cost-of- living crisis in Africa’s most populous nation.

 

The import waiver window was to run from July 15 to December 31, 2024.

 

Food items like rice, husked brown rice, grain sorghum, and beans, had a duty rate levy ranging from 5 percent to 30 percent.

 

Fingers Pointed at Ministry of Finance

Abdullahi Maiwada, national public relations of the Nigeria Customs Service (NCS), had told BusinessDay in September 2024 that the reason for the delay in the implementation of the policy was the Federal Ministry of Finance’s failure to forward a list of importers and companies qualified to participate as stipulated in the guidelines.

 

β€œThe moment the Customs issued the guidelines conveying the approval of the Federal Ministry of Finance, technically, the implementation started. But since the guidelines came from the Federal Ministry of Finance, they are also supposed to provide the list of the importers qualified to benefit from the import waiver,” Maiwada said.

 

Up till December 2024, the ministry did not forward the list to the Customs and it did not provide an explanation when BusinessDay contacted it.

 

Hunger rising

More than 67 Nigerians, including children, died in stampedes during the festive season while scampering for food palliatives by charity bodies. Analysts say the situation shows the depth of hunger in Africa’s most populous nation.

 

Related News

The World Food Programme said in late 2024 that 33 million Nigerians could face hunger in 2025, representing a jump from 25 million citizens who faced starvation last year.

 

β€œNever before have there been so many people in Nigeria without food,” Chi Lael, WFP spokesperson for Nigeria, told journalists in Geneva in 2024.

 

President Bola Tinubu’s bold but costly reforms, including devaluation of the country’s currency and removal of petrol subsidies, have raised the cost of living crisis across the board in Nigeria.

 

In November, inflation soared to 34.6 percent, the highest in 28 years, while food inflation peaked to 39.9 percent in the same period.

 

The average cost of preparing a pot of Jollof rice, a popular Nigerian delicacy for a family of five, rose by 5.1 percent to N21,300 in four months to September 2024, according to the Jollof Index report.

 

Currently, prices of a 50kg bag of rice β€” both local and foreign – costs an average of N100,000, respectively, higher than Nigeria’s minimum wage of N70,000. Price of food items such as beans, cassava, potatoes, among others, have jumped by over 100 percent in one year, with insecurity seen as a major culprit.

 

The non-implementation of the import waiver in 2024 is seen as a major blow to the majority of Nigerians who had hoped on the waiver to breathe a sigh of relief.

 

β€œThe impact of a lot of what we experienced in 2024 such as flooding, drought in northern states and climate impacts on food production will be seen in 2025,” said Abiodun Olorundero, managing partners at Prasinos Farms, in a telephone interview.

 

β€œTherefore, something has to be done fast,” he emphasised.

 

According to him, efforts to double food production should be in place in 2025, lest the country sees its worst food crisis in decades.

 

Daniel Brown, a food importer, said: β€œThe cost of food and other items would have reduced if the policy had been implemented from July 2024. However, non-implementation of the policy means lack of coordination on the part of government agencies – all to the detriment of Nigerians.”

 

REPORT: NNPCL Illegally Deducted N426bn From Federation Revenue With Buhari as Petroleum Minister

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REPORT: NNPCL Illegally Deducted N426bn From Federation Revenue With Buhari as Petroleum Minister

The Nigerian National Petroleum Corporation Limited (NNPCL) illegally deducted N426 billion from the federation revenue under former president Muhammadu Buhari in one year, FIJ has gathered.

 

This was revealed in a 2021 audit report published by the Office of the Auditor General of the Federation. The report, published in November 2024, audited the activities of the NNPC between 2020 and 2021 when Buhari was the Minister of Petroleum.

 

FIJ noted that for all of the four issues identified as financial irregularities in NNPC accounts, the company did not provide any response to the auditor’s inquiry.

 

UNAUTHORISED DEDUCTIONS FROM THE FEDERATION REVENUE

In 2021, the NNPC deducted N82.95 billion from revenue generated through crude oil and gas sales without any evidence of authorisation, according to the audit report.

 

The audit flagged these actions for contravening Section 162(1) of the Nigerian Constitution, which mandates that all government revenues, except specified exceptions, must be paid into the Federation Account.

 

It also reported violations of Paragraph 213(ii) of the Financial Regulations, which states, β€œOn no account shall any withdrawal be made from the revenue account other than for the purpose of transfer to the consolidated account.”

 

The deductions further breach Paragraph 217, which holds accounting officers responsible for ensuring that all revenues are promptly and accurately accounted for, and Paragraph 223, which prohibits deductions from revenue collections to adjust previous over-credits.

 

Similarly, out of N484.73 billion generated on domestic crude sales between March and May 2021, the NNPCL retained the N343 billion for β€œvalue shortfalls, strategic stock holding costs, pipeline losses and maintenance”.

 

According to the audit report, no documentation was provided to justify these deductions. As with earlier deductions, the audit flagged these actions for violating Section 162(1) of the Constitution and Paragraphs 213(ii) and 217 of the Financial Regulations.

 

With these deductions, the report identified risks to the federation, such as possible revenue loss, fund diversion and misappropriation of public funds.

 

OTHER FINANCIAL BREACHES

The audit also found that N83 billion of the Federation’s miscellaneous revenue, generated from joint venture operations between 2016 and 2020, was warehoused in a sinking fund account held by the Central Bank of Nigeria and NNPCL.

 

This violates Treasury Circular Ref. No.: TRY/A12 & B12/2013, which mandates that unspent balances be returned to the treasury by year-end.

 

Paragraph 414 of the Financial Regulations further states that unexpended funds β€œshall not be drawn for the purpose of setting it in reserve to meet impending payments or be carried to a deposit or a suspense account”.

 

The audit flagged another N3.74 billion payment as β€œshortfalls from the sale of MT cargo of PMS”. The NNPCL failed to provide supporting documents or transaction details for this payment.

 

This breaches Paragraph 603(i) of the Financial Regulations, which requires all vouchers to include full transaction details and relevant supporting documents.

 

ANTI-CORRUPTION EFFORTS UNDER BUHARI

Meanwhile, this is not the first time audit reports have indicted the NNPCL. For instance, the Auditor General of the Federation reported that $16 billion of oil revenue went missing in 2014, just before Buhari became president.

 

Buhari, as a fairly new president, identified corruption in the oil sector as a core focus of his anti-corruption campaign. At the 2016 anti-corruption summit in London for instance, he doubled down on the extent of corruption as a problem in the sector and called on the international community to assist his efforts.

 

As of 2021 however, Buhari was sure that his administration had made progress in curbing corruption in the Nigerian oil sector, especially in the NNPCL. At the time, the company had published its first financial audit in 43 years.

 

At a book presentation ceremony in 2021, for instance, Buhari said: β€œthe current transparency and accountability drive in the NNPC is a good indication of the success of our administration’s effort in stemming corruption and sharp practices in the petroleum industry”.

 

Credit : FIJ

Landmark Africa to relocate headquarters from Lagos after beach demolition, expand to two African countries 

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Landmark Africa to relocate headquarters from Lagos after beach demolition, expand to two African countries 

Landmark Africa to relocate headquarters from Lagos after beach demolition, expand to two African countries

 

Landmark Africa, the company behind the Landmark Beach Resort in Lagos, has announced plans to relocate its Nigerian headquarters and expand its operations.

CEO and founder Paul Onwuanibe revealed that the company will extend its reach into two other African countries, establish a presence in three Nigerian states, and move its headquarters out of Lagos.

 

This decision comes in the wake of the April 2024 demolition of the Landmark Beach Resort, which Onwuanibe described as a devastating setback, resulting in an estimated $80 million loss.

 

In an appearance on The KK Show – Key to Keys podcast, featured on Eden Oasis’ official YouTube channel, Onwuanibe explained that the demolition highlighted the need for geographical diversification to reduce the risks of concentrated investments.

 

He also shared plans to relocate Landmark Africa’s entire events and tourism platform outside of Nigeria.

 

β€œWe’re going to have some diversification. We’re going to diversify to two other African countries. We’re going to go into three different states.

 

β€œWe’re going to move our Nigeria HQ location out of Lagos. And we’re going to move our entire sort of events and tourism platform out of Nigeria,” Onwuanibe said.

 

Onwuanibe shared that Landmark Africa received interest from governors in 12 states across Nigeria, with three states selected for new ventures after a six-month evaluation. He did not disclose the names of the states or new African countries for expansion.

 

More insight

Onwuanibe detailed the impact of the April 2024 Landmark Beach Resort demolition, revealing the short notice and ongoing financial strain.

 

β€œWe were issued a seven-day notice,” he said, adding that the demolition was delayed by two to three months.

 

Despite this, Landmark Africa has yet to receive any compensation, although other affected properties have been paid.

Onwuanibe also questioned the changes to the Coastal Road’s planned route, which was initially meant to run in front of the resort.

β€œIt was meant to be in front of us, not behind,” he said, adding to the confusion surrounding the demolition.

 

Onwuanibe stressed Landmark Africa’s contribution to the local economy, noting over 10 billion naira in taxes paid the previous year.

 

β€œWe were the only private business listed on the government’s tourism website,” he said.

 

Describing the demolition’s chaotic nature, he recalled guests still in the hotel as it began:

 

β€œWe didn’t have time to remove fridges, TVs, mattresses, or even plates from the kitchen.”

 

He highlighted that the financial losses are far higher than initially estimated.

 

β€œIt sounds like a $30 million loss, but it’s more like $60 million to $80 million,” Onwuanibe explained, adding that the broader impact on surrounding investments could reach $200 million to $300 million.

 

D’Banj was a studio cruise catcher not a recording artiste – Don Jazzy

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D’Banj was a studio cruise catcher not a recording artiste – Don Jazzy

Legendary music producer and Mavin Records boss, Michael Collins Ajereh, better known as Don Jazzy, has sent shockwaves through the Nigerian music industry in what many considered a bombshell revelation with a provocative claim about his former Mo’Hits partner, Oladapo Daniel Oyebanjo, well-known as D’Banj.

According to the music industry heavyweight, D’Banj’s phenomenal success was not solely due to his artistic prowess, but rather his exceptional showmanship and charisma as an entertainer. This candid admission has sparked a heated debate about the nature of artistry, entertainment, and D’Banj’s enduring legacy in Nigerian music.

According to him, β€œWayback, before the instinct of being a don came about; I used to work as a commissioner in a local fast food joint in the U.K as a side hustle to being a manager of JJC and 419 Squad. We would spend time in the studio cooking beats and voicing records.

β€œI wasn’t big then, just a normal Naija boy doing his thing in London. Then Dapo (D’Banj) started coming around our record studio. He was that funny guy who will come around and cause that positive spark with his jokes.”

β€œWe started feeling his vibes everyday he came to the studio. He wasn’t an artiste coming to the studio to record but to catch cruise as you millennials and Gen Zs put. We got used to his presence as he was already becoming part of the family.

β€œOn this fateful day, he told me he can sing. He said Don Jazzy, you will record me, let me tell them The Koko. I paused and marveled to understand The Koko. He tried to explain how The Koko should appear. He said, β€œI will be the playboy, and you will be the pimp, that mafia boss with the walking stick with few words,” he added.

Don Jazzy continued: β€œInstantly I understood The Koko as an entertainment visioneer and entrepreneur with visions on putting Afrobeats on the world map. This was exactly what I wanted! A big gig! Something that would put the name of the Don on the lips of many Nigerians because at that time Keke, D1 and Obi Asika were the top dogs; I needed a huge breakthrough and here it was.”

β€œThe whole picture of who I wanted to be was beginning to fall in place. We got into the Nigerian market with the London money and swag as D’Banj and Don Jazzy which caused my first industry fever of love on the Don brand.”

β€œMany fans who have loved me for almost 20years now started from those days I used to appear as that mobstar of the Mo’Hits cartel with my walking stick and fallen eyes from a piece of Macanu cigars hanging in my mouth! D’Banj imagined all these.

β€œA studio β€˜cruise catcher’ who caught a studio fever was becoming one of the hottest stars in Nigeria, winning awards and was rated alongside 2Baba, P-Square who had held the market down at their finger-tips. You could be wondering how it is possible for a β€˜studio cruise catcher’ to be doing so well.

β€œWith teamwork of the brain we won. I mean one of my secrets as a successful producer is to produce you with whatever you appear to be; I don’t try to change you. I allowed him to entertain with his cruise while I made melodious beats to make the cruise a vibe. See, if I produce D’Banj again today, he would drop a hit because I know and understand what to give him,” Don Jazzy concluded

2025 Budget: FG allocates N146.14 billion counterpart funding for 68km Lagos rail project connecting VI, Lekki, Ajah 

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2025 Budget: FG allocates N146.14 billion counterpart funding for 68km Lagos rail project connecting VI, Lekki, Ajah 

The Federal Government has allocated N146.14 billion as counterpart funding for the Lagos Green Line Metro Rail Project, a 68km rail network that will stretch from the Lekki Free Zone to the Marina, connecting key areas of Lagos, including Victoria Island (VI), Lekki, and Ajah.

 

This funding will be transferred to the Ministry of Finance Incorporated (MOFI), which will handle the counterpart funding on behalf of the Ministry of Transport for the development of the project.

 

This allocation is part of the proposed N49.74 trillion budget for the 2025 fiscal year and falls under the Ministry of Transport’s total allocation of N256.73 billion to support its initiatives.

 

This information was obtained from the 2025 copy of the Federal Government’s Final Budget Proposal, which outlines plans for extensive infrastructure development.

 

Nairametrics reported in September 2024 that the Lagos State Government formalized an agreement with the Ministry of Finance Incorporated (MOFI) and China Harbour Engineering Company (CHEC) for the development of the Green Line.

 

What you should know

The 68km Green Line, intended to run from the Lekki Free Trade Zone to Marina, is a central component of the Lagos Strategic Transport Master Plan, which aims to establish a comprehensive metro rail system with six Light Rail Transit (LRT) lines.

 

The Blue Line, a 27km rail line, forms part of the Lagos Rail Mass Transit (LRMT) system. Its first phase, covering 13km from Lagos Marina to Mile 2, was completed in 2023 and began commercial operations in September, transporting around 2 million passengers since its launch.

The Red Line, a 37km rail project, connects Agbado in Ogun State to Oyingbo in Lagos. The first phase, spanning 27km, features eight strategically located stations: Agbado, Iju, Agege, Ikeja, Oshodi, Mushin, Yaba, and Oyingbo. Once fully operational, the Red Line is projected to run 20 trips daily, carrying approximately 500,000 passengers.

Other proposed lines include the 85.7km Purple Line (connecting Redemption Camp to Ojo), the 48km Orange Line (from Ikeja CBD to Agbowa), and the Yellow Line.

 

These lines are all part of the city’s ambitious plan to address its transportation challenges. Together, these rail lines are designed to offer modern, sustainable, and efficient transit solutions, providing a reliable alternative to Lagos’ often congested road networks.

How NIPOST achieved 275% increase in revenue in 2024 – Tola Odeyemi 

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How NIPOST achieved 275% increase in revenue in 2024 – Tola Odeyemi 

The Postmaster General of the Nigeria Postal Service (NIPOST), Ms. Tola Odeyemi, has said that the service implemented several reforms that led to a 275% increase in revenue in 2024.

 

Odeyemi said this while highlighting NIPOST’s achievements for the year, noting that the revenue increase was a major achievement for the Service.

 

She said NIPOST was able to boost its revenue generation by blocking loopholes and improving its service quality, which led to an increase in patronage of its services.

 

β€œOne of the major achievements for us in 2024 has been a 275% increase in revenue from 2023.

 

β€œWe achieved this by plugging a lot of the revenue leakages that we have by deploying PoS Terminal for payment in our high transaction areas, as well as ensuring that our quality of service goes up,” she said.

 

N10 billion revenue target

Earlier in the year, Odeyemi had declared that NIPOST’s target for 2024 was to generate N10 billion in revenue.

 

While the Post Master General did not state the actual figure of the generated revenue at the end of the year, the 275% increase could mean significant growth for the Service, which had seen consistent decline in the past years.

 

The latest publicly available data on NIPOST revenue was for 2022. According to the data released by the National Bureau of Statistics (NBS), NIPOST’s revenue declined by 17% from N3.6 billion in 2021 to N3 billion in 2022.

 

Plans for 2025

To sustain its revenue growth, Odeyemi said NIPOST had started by renovating and upgrading some of its locations in Abuja, Lagos, and Kaduna by upgrading its Postal Institute, which is key to the change management that we want to see in NIPOS over the coming years.

 

β€œSo what are some of the things that you should be expecting from the Nigerian Postal Service in 2025?

 

β€œWe will be rolling out our national addressing system and digital postcode., specialized logistics, such as agri-logistics and healthcare logistics, and a relaunch of our financial services.

 

β€œThere will be infrastructure upgrades, which will take place across the Federation and there will be an increase in access to government services through your local NIPOS location,” she said.

 

What you should know

NIPOST is one of the agencies under the Ministry of Communications, Innovation and Digital Economy.

 

Apparently dissatisfied with the current state of Service and its laxity in playing expected roles in the digital economy space, the Communications Minister, Dr. Bosun Tijani, on assumption of office in 2023, asked Nigerians to suggest how the company can be repositioned.

 

According to some of the suggestions, an ideal NIPOST would be one that operates like the Nigeria Inter-Bank Settlement System (NIBSS) in the logistics industry, serving as the open backbone infrastructure for licensed courier companies to power logistics for commerce and trade across the country.

It was also suggested that NIPOST would need to actively support and integrate with e-commerce platforms to enhance online shopping experiences.

This involves efficient last-mile delivery, returns management, and secure payment gateways.

 

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