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Business News of Saturday, 25 July 2020

Source: MyNigeria

Pantami calls out NIPOST for increasing licence fee without his approval

The Minister of Communications, Isa Pantami has called out the Nigerian Postal Service, NIPOST, over an increase in licence fee.

The policy by NIPOST requires international courier services like DHL, UPS and FEDEX to pay N20 million for licence and an annual renewal of N8 million.

Local services are to pay N10 million which will be renewed yearly at N4 million.

This was groaned at by Nigerians to the attention of the Minister.

In reaction, Pantami ordered NIPOST to suspend the implementation of the policy due to the current economic hardship faced by citizens.

"Pls @NipostNgn, our attention has been drawn to an increase of licence fee, which was not part of the regulation I earlier APPROVED for you. Your Chair and PMG were YESTERDAY contacted to put the implementation on hold and send a report to our ministry by Monday. Best wishes!

"@NipostNgn, d power of regulation of NIPOST lies with the Minister. Any change of fee must be specific & be approved by him before implementation. I know the economic challenges of NIPOST. However, looking at the economic hardship of our citizens, we need to suspend any move

"The increase, is under investigation by my office, since yesterday. The Ministry and the Minister were not involved. Many thanks and best wishes!", he tweeted.

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