NIPOST reveals how much FG has made from stamp duties

The Post Master General of the Federation and Chief
Executive Officer of Nigerian Postal Service (NIPOST),
Barrister Bisi Adegbuyi, Monday, said that the Federal
Government has raked in over N45.8 billion from stamp
duties following the reforms introduced by the present
administration.
Adegbuyi said there is no conflict between NIPOST and the
Federal Inland Revenue Service as well as the States Board
of Internal Revenue over the remittances of stamp duties.
He further asserted that the position of NIPOST is that the
production, printing and sales of stamp duties remain the
sole responsibility of NIPOST even if it had moved from
manual to electronic stamps.
Addressing a Forum of Information Technology Reporters at
the Headquarters of NIPOST in Abuja, Barrister Adegbuyi,
who was flanked by the General Manager Counter Services,
Mrs Toyin Egbesola, the General Manager ICT, Dr Thomas
Ali Gaga and the Director Finance and Investment, Malam
Usman Shabba said NIPOST is currently undergoing a digital
transformation that would change the narratives of postal
services in the country.
According to him, NIPOST has deployed ICT solutions/
platforms to attain about 70 percent automation of all its
systems and operations across the country and by 2020 the
systems would be fully automated.
Barrister Adegbuyi said NIPOST as the largest government
owned institution in the country with its operations dating
back to 1934 is currently leveraging on digital technology to
address the socio-economic problems confronting the
nation.
He said, “What we are doing currently is to change the
narratives of postal service system in Nigeria by leveraging
on technological platforms to drive financial inclusion,
create jobs opportunities, promote Small and Medium Scale
Businesses, create access to credit and mortgage systems
and assist government to address the current security
challenges.
“We are currently partnering with JAMB, NIMC and other
institutions and agencies of government to make our
operations robust particularly in the financial services
sector, e-governance, remittances, parcel and postal
services . The CBN has also granted NIPOST the license for
money transfer because of our large presence in all the local
government councils in the country.
“We are aggregating all the e-government centres, Road
Safety, Immigration Service,etc. to ensure that the common
man will benefit from them through the Postal Service
System. You can imagine if pension are paid to our retirees
in the villages through the Postal Service system, the stress
associated with pension payment would be avoided and lots
of lives would be saved as well from the risks associated
with travelling.“
Barrister Adegbuyi said NIPOST management is currently
embarking on infrastructures development, deployment of
digital solutions/platforms, training and retraining of its
workers among others to change the narratives of postal
service in Nigeria, adding that partially commercialization
would place the future NIPOST in a position to generate
huge revenue for the government.