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Minister: NIPOST to deliver banking services to Rural Nigeria

Minister: NIPOST to deliver banking services to Rural Nigeria

The Minister of Communications, Adebayo Shittu, has said that the Nigerian Postal Services (NIPOST) will soon introduce banking services to rural areas across Nigeria.

Shittu told the News Agency of Nigeria (NAN) in Abuja, that the banking services would avail Nigerians in rural areas the opportunity to carry out banking transactions.

He said that the Ministry of Communication was making effort to re-position NIPOST to make it vibrant and to diversify its services.

According to the Minister, since the commencement of GSM operations in the country, NIPOST had witnessed drop in sales particularly for postage stamp and other services.

The minister said in its efforts to reposition NIPOST, the ministry had identified some major areas that could be included in the mandate of the service.

While listing internet services in all NIPOST locations, introduction of rural banking, property development and e-commerce, he stated that the ministry is also looking at consolidating the capacity of NIPOST to engage in property development.

He said; “You will recall that in most communities NIPOST usually has more land than needed. So we are seeking private-partnership arrangement with private sector developers to construct and rent out office blocks, malls and even high class residential houses to enable us generate revenue.’’

Shittu further stated that the ministry was also looking at the possibility of using NIPOST to facilitate e-commerce, and that it had finalized arrangement to appoint a new Post-Master General, who is expected to kick start the reforms in NIPOST.

“We have gone through the processes of interview test and new post-master General will soon emerge. Once he emerges, the reforms will take off,” the minister said.

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Success Kafoi Journalist at Technology Times Media. Mobile: 08077671673 email: success.kafoi@technologytimes.ng

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