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Thursday, June 8, 2023

FG Suspends New NIPOST Fee for Logistics Services After Outrage

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The Minister of Communications and Digital Economy, Isa Pantami. has halted the implementation of new fees introduced by NIPOST for courier companies operating in Nigeria.

According to the Minister, the hike in license fees was without his approval.

Following the release of the new regulations for courier and logistics services by the Nigerian Postal Service (NIPOST), dubbed ‘Courier and Logistics Operations 2020’ Nigerians took to social media to protest the hike in licence fees.

“Please NIPOST, our attention has been drawn to an increase of license fee, which was not part of the regulation I earlier approved for you. Your chairman and PMG (Postmaster-General) were yesterday contacted to put the implementation on hold and send a report to our ministry by Monday. Best wishes!,” Pantami said.

The new charges introduced by NIPOST saw an increase in the national license fee from N2 million to N10 million, a whopping 400 percent increase. The international license fee saw a 100 percent increase, from N10 million to N20 million.

This means that courier services like DHL, UPS and FEDEX that provide international services are now expected to pay N20m for a new license and N8m annual renewal fee.

Those that offer national services like GIGL are expected to pay N10m for license and N4m yearly for renewal.

Other new categories added in the new charge include N5 million Regional License for logistics companies that operate within regions with N2 million annual renewal.

For logistics companies that operate within states, the cost of the license is N2m while the renewal costs N800,000. Logistics firms that operate within municipalities are to pay N1m for license and N400,000 annual renewal fee.

For Small and Medium Enterprises, the license is N250,000 while the annual renewal of the license is N100,000.

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