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Home Business News

Nigeria Postal Service Will Introduce Banking Services To Rural Areas Nationwide -Minister

Chris Pemu by Chris Pemu
April 18, 2016
in Business News, Spotlight
Nigeria Postal Service Will Introduce Banking Services To Rural Areas Nationwide -Minister
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Minister of Communications, Adebayo Shittu, on Sunday said that the Nigerian Postal Services, NIPOST will soon introduce banking services to rural areas of Nigeria.

Shittu said his ministry was making effort to re-position NIPOST to make it vibrant and to diversify its services.

In its efforts to reposition NIPOST, the ministry had identified some major areas that could be included in the mandate and functions of the service.

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The Minister highlighted some of them to include internet services in all NIPOST locations, property development, e-commerce and introduction of rural banking.

“We are also looking at consolidating the capacity of NIPOST to engage in property development; you will recall that in most communities NIPOST usually has more land than needed.

“So we are seeking private-partnership arrangement with private sector developers to construct and rent out office blocks, malls and even high class residential houses to enable us generate revenue,” he said.

The minister also hinted that the ministry had finalised arrangement to appoint a new Post-Master General, who will be at the fore-front of promoting the reforms in NIPOST.

He said “We have gone through the processes of interview test and new post-master General will soon emerge.

“Once he emerges, the reforms will take off”.

Chris Pemu

Chris Pemu

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