Businesses Groan as NIPOST imposes License fees on Logistics and Courier Companies

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Ismail Adebayo Adewusi, NIPOST CEO

The Nigeria Postal Service (NIPOST) has announced a new regulation through which it has introduced License fees for logistics and courier services . This has sparked outrage from a large section of Nigerians mainly online.

The new charges introduced by NIPOST are expected to cause an increase in the cost of courier services and delivery goods. This will in no doubt result in an increase in prices of goods and services generally.

NIPOST said in a statement that the fee was introduced as a part of new regulations aimed at upping ease of doing business, ‘rejigging’ the logistics and courier sector of the economy and improving the efficiency of the players in that sector.

The new regulation categorised logistics companies into international, regional, state, municipal or intra-city, and SME operators.

International operators are to pay ₦20 million as a license fee, national ₦10 million and regional operators ₦5 million. State, municipal and special SME operators are to pay ₦2 million, ₦1 million and ₦250,000 respectively. Each operator, irrespective of the category, will pay 40% of the license fee as renewal fee annually.

“The new regulations that are a great improvement on the old one, are aimed to rejig the logistic and courier ecosystem of the economy and significantly improve efficiency, and make courier and logistic operation more effective, in line with President Muhammadu Buhari’s administration policy on ease of doing business,” said NIPOST’s General Manager, Corporate Communications, Franklin Alao.

 

 

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