The Minister of Communications and Digital Economy, Isa Pantami, has suspended the increase in licensing fees for courier companies by the Nigerian Postal Service, NIPOST.
According to the new regulation, international courier services are expected to pay N20m for a new license and N8m annually, and those offering local services are expected to pay N10m for licence and N4m yearly for renewal.
Logistics companies operating within regions are expected to pay N5m for licence and N2m annually, and firms operating within states would get a licence for N2m while renewal costs N800,000. Courier firms running within cities are to pay N1m for licence and N400,000 annually.
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Small and Medium Enterprises would pay N250,000 license fee while the annual renewal of the licence would be N100,000.
Pantami while responding to the outcry by Nigerians on the new development said he wasn’t aware of the increase and has directed the immediate suspension of the increase in fees.
He tweeted, “Pls @NipostNgn, our attention has been drawn to an increase of licence fee, which was not part of the regulation I earlier APPROVED for you. Your Chair and PMG were YESTERDAY contacted to put the implementation on hold and send a report to our ministry by Monday. Best wishes!
In another tweet, he said, “d power of regulation of NIPOST lies with the Minister. Any change of fee must be specific & be approved by him before implementation. I know the economic challenges of NIPOST. However, looking at the economic hardship of our citizens, we need to suspend any move.
“The increase, is under investigation by my office, since yesterday. The Ministry and the Minister were not involved. Many thanks and best wishes!.”