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Pantami hints on unbundling NIPOST

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The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, has disclosed that plans are underway to effect major changes at the Nigerian Postal Service (NIPOST).

The Minister is the Chairman, Steering Committee of postal sector, reform, restructuring and modernisation of NIPOST. Other members of the Committee are the Director General, Bureau of Public Enterprises, Mr Alex A. Okoh; Permanent Secretary of the Ministry, Mr Musa F. Istifanus; Chairperson of the NIPOST Board, Barr Maimuna Yahaya Abubakar, among others.

Dr. Pantami hinted that NIPOST will be unbundled into subsidiary companies.

He made this disclosure after participating in a virtual meeting of the National Council on Privatization chaired by the Vice-President, Prof Yemi Osinbajo.

Issues discussed, according Dr. Pantami, include approval for the restructuring and unbundling of NIPOST into subsidiary companies;

  1. NIPOST Property and Development Company,
  2. NIPOST Transport and Logistics Company; among others.

The Minister had in the past expressed discontent with the current state of NIPOST, especially as Nigerians are complaining about inefficient services while most NIPOST offices are visibly dilapidated.

The Minister regretted that daily, Nigerians on social media are lamenting about unprofessional services provided by NIPOST such as missing parcels, parcels tampered with or delivered to the wrong location which he finds worrisome because NIPOST falls under the supervision of the Ministry.

The unbundling of NIPOST is part of a move for the partial commercialisation of service and for efficient delivery.