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NIPOST Plans Diversification Into Real Estate

Posted by Uget Properties on September 24, 2018
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In line with the on-going effort to re-position Nigeria Postal Service (NIPOST) for better performance and relevance, the government agency will soon begin diversification of its assets. The honorable minister for Communication, Barr. Adebayo Shittu, in a one-day stakeholders’ summit held in Lagos, revealed the divestment plan for NIPOST. He said NIPOST will soon start investing in property development, banking, transportation and logistics.

 

According to Shittu “NIPOST has many landed properties scattered across the country and they are going to be used for properties investments to bring a lot of money into the coffers of Nigeria Postal Service.”

He unveiled the plan to establish Nigeria Postal Service Property and Development company and said that the Nigeria government is making serious effort to have NIPOST be the leading federal agency by 2020, in terms of measurable impact in the lives of Nigerians.

 

Given NIPOSTs’ vast properties scattered all over the country, the federal agency will leverage on her large infrastructure spread across the country in this diversification bid. The goal is to diversify the revenue streams of the agency in order for it to generate more revenue for the federal government.

The minister stated “we are establishing the NIPOST Transport and Logistics company and NIPOST e-government services company, which will cater for the e-governance, particularly with the application and delivery of driving licenses, vehicles documents and international passports”.

 

In his speech, the minister also noted that e-commerce growth and development in the country will require important infrastructures such good access road, ICT Infrastructure and postal addressing. He lamented that the current situation where our streets are unnamed and most neighborhood and houses unnumbered is one reason why most developing countries remain poor.

He commended the federal government in its effort and acknowledged that the digital addressing program of the government is actually receiving a worldwide recognition.

 

Image credit: Pulse.ng

One thought on “NIPOST Plans Diversification Into Real Estate

  • Bentik
    on October 8, 2018

    You welcome!

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