NIPOST: LCCI wants regulatory framework reviewed

The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of the regulatory framework of the Nigerian Postal Service (NIPOST) in the interest of the Nigerian economy, business continuity, private sector development and job creation.

Dr Muda Yusuf, LCCI Director-General, made this known in a statement on Sunday in Lagos that a framework in which NIPOST was both a regulator and an operator was detrimental to the development of courier business in the country, and inconsistent with best practices globally.

He said the LCCI had strong reservations particularly over a provision in the courier regulation guidelines prescribing contribution by an operator, a sum equal to 2per cent of its total annual revenue, to the postal fund.

This is to be used for postal development and delivery of postal services in rural and undeserved areas.

“We request that this provision be expunged immediately in the interest of investments and investors in the courier and logistics sector of the Nigeria economy.

“Currently, NIPOST is vested with powers to regulate its competitors; this arrangement is unfair, inequitable, and inherently repressive”,

“We, therefore, urge the federal government and the National Assembly to urgently remedy the situation,” he said.

Yusuf also called for the review of the provision in the courier regulation which vests with the Minister the powers to compel any licensed courier and/or logistics services operator to undertake free delivery service for the purpose of universal postal service obligations/or any social service delivery in national interest.

He argued that the provision bordered on overbearing power with little regard for the interest of investors.

Yusuf also noted that citizens should not be compelled to patronise NIPOST irrespective of the size or weight of an item as stated in a courier regulation.

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