We generated over N45bn from stamp duties ― NIPOST

The Post Master General and the Chief Executive Officer (CEO) of the Nigerian Postal Service (NIPOST), Barrister Bisi Adegbuyi, has said the Federal Government generated over N45.8 billion from stamp duties after the recent reforms carried out at the Service.

He said the Service the Federal Inland Revenue Service (FIRS) States Board of Internal Revenue were not in any conflict over the remittances of stamp duties.

He said the position of NIPOST was that the production, printing, sales of stamp duties remain the responsibility of NIPOST even if it had moved from manual to electronic stamps.

Speaking with Information Technology Reporters at the NIPOST Corporate Headquarters in Abuja, Adegbuyi said NIPOST is currently undergoing a digital transformation that would change the narratives of postal services in the country.

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He said NIPOST had deployed ICT solutions, platforms to achieve about 70 per cent automation of all its systems and operations across the country, adding that by 2020 the systems would be fully automated.

The NIPOST boss said the Service as the largest government-owned institution in the country with its operations dating back to 1934 is currently leveraging on digital technology to address the socio-economic problems confronting the nation.

His words: “What we are doing currently is to change the narratives of the postal service system in Nigeria by leveraging on technological platforms to drive financial inclusion, create jobs opportunities,  promote Small and Medium Scale Businesses,  create access to credit and mortgage systems and assist the government to address the current security challenges.

“We are currently partnering with JAMB, NIMC and other institutions and agencies of government to make our operations robust particularly in the financial services sector, e-governance, remittances, parcel and postal services. The CBN has also granted NIPOST the license for money transfer because of our large presence in all the local government councils in the country.

“We are aggregating all the e-government centres, Road Safety, Immigration Service, etc. to ensure that the common man will benefit from them through the Postal Service System. You can imagine if the pension is paid to our retirees in the villages through the Postal Service system, the stress associated with pension payment would be avoided and lots of lives would be saved as well from the risks associated with travelling.“

Barrister Adegbuyi further noted that NIPOST management is currently embarking on infrastructures development, deployment of digital solutions/platforms, training and retraining of its workers among others to change the narratives of postal service in Nigeria, adding that partially commercialisation would place the future NIPOST in a position to generate huge revenue for the government.


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