Business and Economy

NIPOST is venturing into rural banking, properties in fresh survival strategy

The Nigeria Postal Service (NIPOST) is venturing into rural banking and property investments in new reforms for the survival of the agency.

Minister of communications, Barrister Adebayo Shittu, who declared this at a one-day stakeholders’ conference organised by Postmaster General of the Federation and Chief Executive Officer of Nigeria Postal Service in Lagos, also announced that the NIPOST is venturing into e-commerce in new reforms at the agency.

These, he said, are aimed at turning the agency into the biggest revenue generating parastatal of government.


More than 60 per cent of Nigerians live in rural areas and in the on-going re-organisation of NIPOST ordered by President Muhammaduy Buhari, the NIPOST is going to use its 1, 600 facilities in the country to address shortfalls in banking at the rural areas, he declared.

Stating that driver and vehicle license and international passport delivery guidelines are through the e-commerce business of NIPOST, Adebayos said; “We hope to establish NIPOST banking and financing in areas where banks don’t have sufficient presence; we shall also establish NIPOST properties limited. NIPOST has many landed properties scattered across the country and they are going to be used for the properties investments to bring a lot of money into the coffers of NIPOST.

“We are also establishing the NIPOST transport and logistics company, and to add to this is the establishment of NIPOST e-commerce services, which will carter for e-governance particularly with the application and delivery of drivers licenses, vehicle documents and international passports.”

These, according to the minister, are in line with the programme of President Buhari and there will not be anyone who will not be affected positively by reforms in NIPOST.


Leave a Reply