Federal Government vetoes NIPOST's proposed increment of licence fees, orders it to abort plans to increase fees.

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The Federal Government has in a swift move today, rejected the purported increase of licence fee for courier services by the Nigerian Postal Service (NIPOST). 

This was revealed by the Minister of Communication and Digital Economy, Mr. Isa Pantami, in an early morning tweet via his twitter handle. He insisted that the increment was not part of the regulation he approved for the Agency on Friday, July 24th.

"Our attention has been drawn to an increase of licence fee, which was not part of the regulation I earlier approved for you", he stated. 
"NIPOST Chairman and Post Master General were yesterday (Friday) contacted to put the implementation on  and send a report to our ministry by monday"

The proposed increment of the license fee when announced by NIPOST, engendered huge public outcry.

The new proposed charges by the NIPOST was meant to increase the  cause courier services and delivery of goods. 

According to NIPOST, companies which provide international courier services such as DHL, UPS and FEDEX are expected to pay N20m for a new licence and N8m annually, while those who offer national services are expected to pay N10m for the licence and N4m for annual renewal. 

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