Minister of communication and digital economy, Isa Pantami has reacted to the recent increase in licensing fee by the Nigerian postal service, NIPOST.
Nigerians took to Twitter to complain about the recent increase in the licensing fees for courier companies. According to the new regulation, international courier services like DHL, UPS and FEDEX, are expected to pay N20m for a new licence and N8m annually, and those offering local services are expected to pay N10m for licence and N4m yearly for renewal.
In addition, logistics companies operating within regions are expected to pay N5m for licence and N2m annually, and firms operating within states would get a licence for N2m while renewal costs N800,000. Courier firms running within cities are to pay N1m for licence and N400,000 annually. Small and Medium Enterprises would be receiving a licence for N250,000 while the annual renewal of the licence is N100,000.
These increase will therefore lead to an increase in the cost of courier services and goods delivery.
Isa Pantami who supervises the activities of NIPOST in his response said he wasn’t aware of the increase as he never approved it. He therefore suspended the development.
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