Home Business NIPOST introduces new charges for logistics and courier services

NIPOST introduces new charges for logistics and courier services

Nigerian Postal Service (NIPOST) introduces new costs of licence for logistics and courier services in Nigeria. The new licenses cost are categorized into six ranging from International operators, Regional, State, Municipal or Intra-city, and special SMEs Licence.

The Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, has approved a new Courier and Logistics Regulations in accordance with the powers conferred on him by NIPOST Act. This is to also help Small and Medium Players in the Courier and Logistics ecosystem.

According to NIPOST, the six categories will enable the licensees to operate at their levels per time and scope. The postal agency said the new regulations will assist SMEs to grow and create youth empowerment that will translate into employment opportunities for Nigerians.

“The the new regulations that is a great improvement on the old one, is 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.

“The new guideline has made it possible for every operator irrespective of their category to be identified with specific address and location that is traceable to before and after engaging their service. This will eliminate the risk posed by dubious operators who may take advantage of poor control to operate illegally.

The categorization creates room for migration as a licensee has rights to migrate from a particular licence category to another, but must do so in compliance with Section 3(4) of these regulations as pertain to the desired licence category before expiry date of the subsisting licence.

“To maintain diligence, trustworthiness, the Regulations maintain among others things, that an operator will be required to display in their offices list of prohibited and restricted courier and logistic items, to guide their customers,” he added

The scope of the Reviewed Courier and Logistics Regulations includes amongst other things how to apply, licensing procedures and requirements , conditions for operation, charges and enforcement.

Source: NIPOST License fees

International courier services like DHL, UPS and FEDEX falls under category A and are to pay twenty million naira for a new licence and N8m annually for renewal. The special SME category F is for small courier firms and businesses.

The new charges introduced by NIPOST are expected to cause an increase in the cost of courier services which translates to increase in the cost of goods purchased online.

Source: NIPOST

NIPOST is a service provider and the regulatory authority for courier and logistics operations in Nigeria. 

For more information visit Nipost official website

Also Read: WAeY Hailing launches on-demand delivery services in Nigeria

Ndaman Joshua Olayinkahttp://www.yinksmedia.com
Tech Zealot and Passionate about writing everything concerning it. I support Arsenal.

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