FG Strips Nipost of Regulatory Functions

The National Council on Privatisation has approved a reform bill that will strip Nigeria Postal Service (Nipost) of all its regulatory function.

Omobola Johnson, minister of Communications Technology told journalists after the council meeting presided over by Namadi Sambo, Vice President that the key factor in the bill is that NipostT should concentrate on its operational functions in the transformation agenda and help to contribute to the gross domestic product.

The approval of the reform has ended many years of dilly-dallying over the Postal Bill expected to fast track the development of the postal industry in Nigeria.

An important part of the Bill is the establishment of Postal Regulatory Commission that would supervise the activities of the sector.

Before now, Nipost is regarded as an operator and regulator through its Courier Regulatory Department (CRD).

The postal bill which moved back and forth the National Assembly and the presidency is expected to sanitize the  industry.