The Federal Government through the Minister of Communications, Adebayo Shittu, has charged the new Chief Executive Officer (CEO)/Post Master General of the Nigeria Postal Service (NIPOST), Mr Bisi Adegbuyi, to raise the revenue base of the agency to one trillion naira annually. The minister gave the charge in Abuja over the weekend.
He urged Adebuyi to think out of the box with radical ideas and team work to attain a rapid turn-around and an efficient NIPOST.
“The full implementation of the Stamp Duties Act is overdue. Records indicate that NIPOST earned N4.87 billion in 2013 with a little scratch of the stamp duties rates.
“I am confident that with efficient management of this revenue source, we can add over a trillion naira to government’s purse in a year”, Shittu said.
While tasking Adebuyi on the challenges ahead of him, he stressed on the need to meet up with the reform promises made to Nigerians.
Enumerating some of the challenges faced by NIPOST to include inefficient management structure, low level of investment, intense competition from alternative courier service providers, amongst others, the minister stressed that the ministry will collaborate with NIPOST to ensure its new postal sector reform policy succeeds.
Speaking earlier, Adegbuyi gave the assurance of bringing to limelight the confidence reposed in him to reposition the agency.