General News
Postal Bill Will Make the Industry More Viable -Oladepo

Siyanbola Oladapo, managing director of Bowill Errands Courier is a consummate professional with over years of experience spanning the courier, oil & gas, and the financial sectors. Oladapo, is also the secretary general, Association of Nigeria Courier Operators (Anco) has been in the vanguard for a robust courier sector capable of contributing to the country’s GDP. He spoke to peter ugwu on issues relating to the industry in Nigeria.
Threats to Courier operation
The threats are many. One, we are talking about non-professionals in the industry. The Courier Regulatory Department (CRD) headed by Dr. Simon Emeje has been trying his best to address that aspect.
And that is why you see people operating using another person’s license; and the public is not even asking them to provide such evidence while giving out contracts.
Even some of the genuine ones lack the capacity to compete in the sector. Apart form that, we usually operate with courier bikes; most of the states hiding under the security threats in the country and the nuisance of the okada riders, have placed ban on motorcycles. That tells on our business seriously.
For instance, in Lagos you have to meander through a lot of routes to deliver parcel. We have tried to discuss with the state government for them to appreciate the peculiarities of our business.
Multiple taxes are another challenge. We encounter harassments from Local Government officials. Thus, the weight of different taxes and levies we pay are forcing some companies out of business.
Although these officials are getting more enlightened in Lagos, but how about their counterparts in other parts of the country? And government has to look at the issue of inter-state taxes.
These things are hurting businesses. And FAAN has not been fare to us. Sometimes, they would want us to pay at every airport.
Also, the increased cost of petroleum products adds to the burdens. At the end of the day, the customers pay the costs.
Postal Service Commission Bill
I think members of the National Assembly need to understand the importance of this Bill to the nation.
If we have the bill come on stream, then we could be able to arrest the problems associated with employment, especially the unskilled young people.
The Bill will address the injustice done on the postal sector after the severance of the Post and telecommunications (P&T) by the government.
Because telecommunications is now under a commission; the growth as witnessed within the short period is so phenomenal and until we do the same thing for the post there will continue to be issues that affect the industry.
The Commission is very important in the sense that it will institute professionalism, and will position Nipost to occupy its rightful place.
In fact, more investors will be attracted to the sector and checkmate haphazard practices and irregularities.
For instance, in the telecom sector, no one can just rise up and do anything he wishes; is being manned by professional and the regulator is independent for now. The sector is not under all comers’ affairs arrangement.
So, if the postal aspect is messed up, the confidence will be eroded; there is no incentive.
People come to Nigeria because of the large market, however, we have to be independent to reap from such investment; the regulatory body should not remain under Nipost. If that is not done, we will go back to square one.
Bulkpost Centralization
We need to understand something; it was once decentralized and there were abuses.
So, when the new leadership came in they discovered the challenges and I think they meant well for the industry players.
Some of my colleagues might not want to believe the fact that centralizing it solved a lot of problem.
Under the previous arrangement, the internal problems that faced the management affected the process.
Decentralization would have been the best, but the present structure I think is part of monitoring procedure adopted in the system.
Even though they usually have more than they can bear, but it needs to increase the number of personnel.
And they could partner with courier companies who have enough spaces, and staff to carry out their sorting.
We have engaged the Postmasters General on this and we found out that they are trying to sanitize some areas of the business.
Capitalization
The fact is that, there are a lot of hypocrisies with the so called capitalization in the banking sector.
As a professional banker who spent more than 10 years in the industry, I can tell you that what they did then wasn’t the best.
The problem is not capitalization alone it has to do with the corporate governance, the ethics of the profession.
It is not enough getting a fresher, who probably left school yesterday and because he has ‘little change’ you make him the managing director of a bank.
There was a lot of deficiency with the manpower.
Bring deposit today, you are promoted; he takes the money from there and go to another bank and within two year he becomes a manager, they know how to attract funds but lack the necessary skills to utilize them.
More so, fixed assets are not capitalization in the real sense, but they calculate the buildings used by those banks as part of the process.
Coming to courier industry, we don’t need capitalization as it were; rather we need the industry to be categorized.
For instance Wema Bank is now saying I want to be regional, the same thing can be implemented in the courier industry.
And that is why we are clamouring for upgrading of CRD to a full Commission, so that they will have enough manpower to monitor such development.
Capitalization, actually gives room for those with the intellectual milieu to manage the sector, but we must be careful with that as well.
Bowill Errands’ Annual Lecture
The median edition started with the impact of the economic melt down on courier industry.
The second edition looked at the synergizing the sector and the last edition focused on the challenges and opportunities in fright business.
The reason was based on the fact that most operators channel their attention to capital market and on the impact of ICT.
This year the committee is trying to come up with a topic that will open the eyes of the industry players on the way forward. It has come to stay and a thing of pride for the industry.
Aviation Rows and courier Sector
It increases our cost of operation and when that happens, it is usually passed down to the customers.
They will start looking for other means to do their business.
And the charges here are not comparable to what is obtainable in developed countries and that is why when government took them up, there were fears.
But we must not fail to ponder on the charges of FAAN. What are the costs of aviation fuel in Nigeria?
So, no body can sincerely blame them.
How about the cost of hotels that there crews will stay? And you have to buy diesel, and other exorbitant exigencies.
They have to charge much.
So, government must consider these things to determine whether they are ripping off on Nigerians really or they were seeking for a means of survival in a harsh economic environment.
Nitel/Mtel
The lesson we must learn from the intrigues that surrounded the whole thing is sincerity which is important in governance.
How sincere were the people involved in the commercialization, privatization and the liquidation processes?
Until Obama put his feet on the ground and said no, the Republican were pushing for America to sell her biggest auto company, but now it is about the leading auto companies. They bailed it out.
The process was transparent. So, the case of Nigeria is that when there is no sincerity of purpose whatever project we embark on is bound to fail.
Bowill Errands
Bowill Errands is one of the best and well structured courier companies in Nigeria. From onset, it set out to function on the areas of haulage and logistics. We have been in operations for five years.
Although as the MD, I have been involved in courier sector for more than 12 years now. We are in our own building; I am not sure of any indigenous company operating its office in private property like this.
And we have been adding values to the sector since we started.
Bowill Errands has been organizing annual public lecture to highlight the challenges and opportunities in the sector; the very first indigenous courier firm to do that.
We have been doing that for the last three years and for the benefit of the industry.
Overview of Courier Industry
Courier business in Nigeria is supposed to be a vibrant one. It’s an industry capable of providing employment for lots of people; both skilled and unskilled labour.
It has a very wide market, but we have not been able to tap into it.
Presently, we have over two hundred companies in the country and we can still accommodate more, but people must be professional in their dealings.
General News
IMF Warns Nigeria of Risks in $5Bn Swap Deal with First Abu Dhabi Bank

The IMF on Tuesday warned of risks surrounding Nigeria’s plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, saying such transactions are often opaque and complex.

Recall that the Senate in April gave its approval to the agreement, joining other Africa borrowers like Senegal and Angola who have tapped similar arrangements over the past year.
“Our view is that the transaction in these types of structures carry risks. Usually they are opaque so the terms are not always very transparent when we reviewed these instruments across countries,” Christian Ebeke, IMF resident representative in Nigeria, told reporters.
Ebeke said Nigeria could instead issue eurobonds to finance its deficits or other means to raise funding, including on concessional terms.
Nigeria intends to use proceeds from the total return swap, or TRS, to refinance expensive debt and pay for infrastructure.
In its latest Article IV review, the Fund praised Nigeria’s sweeping reforms, saying they had strengthened economic stability and investor confidence, but warned that the benefits had yet to reach millions of citizens and could be undermined by global shocks, including the Middle East conflict.
The reforms since 2023 under President Bola Tinubu – including fuel subsidy removal, tighter monetary policy and exchange rate liberalisation – had rebuilt buffers and improved macroeconomic management, the IMF said.
However, it cautioned that the reforms were also contributing to social strain, with poverty levels at 63% and millions facing food insecurity, underscoring a widening gap between macro gains and household realities.
The IMF said improved policy credibility and forex reforms had helped Nigeria regain access to international capital markets and attract portfolio inflows, while reducing risk premiums. The central bank says gross reserves are at $50 billion, the highest in 17 years.
But reliance on volatile foreign portfolio investment poses rollover risks, the IMF said, urging a shift towards more stable, long-term capital such as foreign direct investment.
General News
SSDC Warns Businesses against Cyber, Election-Related Risks

Security Skills Development Company (SSDC) has released its 2026 Security Outlook, highlighting four major security challenges expected to shape Nigeria’s business and operating environment as the country moves closer to the 2027 general election.

The report, developed from a nationwide survey and expert contributions at the recently concluded Security Thought Leadership Roundtable, identifies internal security threats, protection of national assets, cyber risks and election-related instability as the most significant concerns facing organisations and institutions in the coming year.
According to SSDC, findings from the survey and stakeholder discussions reveal growing concern over the increasing complexity of security challenges and their potential impact on business continuity, economic stability and public confidence.
A substantial number of respondents identified internal threats within organisations as an emerging risk, pointing to the need for stronger corporate governance, workforce integrity measures and structured risk management systems.
Security experts at the roundtable noted that weaknesses in critical public infrastructure and national assets could have far-reaching consequences for the economy and national development if not adequately addressed.
The report also highlights cybercrime as a persistent and evolving threat to both public and private sector institutions.
Participants stressed the importance of strengthening cyber resilience through proactive monitoring, investment in technology-driven safeguards and improved security awareness.
Another key concern raised in the outlook is what SSDC described as the “2027 Election Shadow.” Many respondents expressed concerns about the possibility of heightened political tension as the election season approaches, warning that uncertainty and security disruptions could affect business operations, investment decisions and overall economic confidence.
Speaking on the report’s findings, Mike Igbodipe, managing director, SSDC, called for a more strategic approach to security management across both public and private sectors.
He said organisations must move beyond reactive security measures and integrate security considerations into their broader strategic planning and decision-making processes. He also advocated the development of a gold-standard, locally certified training programme for security professionals tailored to Nigeria’s unique security environment.
SSDC, a security training and consulting firm focused on advancing professional standards in Nigeria’s security sector and strengthening industrial resilience through capacity building and strategic expertise, said the Security Outlook forms part of its ongoing thought leadership initiative aimed at promoting informed dialogue on national security, institutional resilience and risk management.
The company reaffirmed its commitment to supporting stakeholders through research, training and strategic advisory services designed to improve preparedness and response to emerging security challenges.
General News
Moniepoint DreamDevs Bootcamp Graduates Second Cohort to Strengthen Homegrown Talent Pipeline

Moniepoint Inc., Africa’s leading digital financial services provider, has officially graduated the second cohort of its flagship DreamDevs Bootcamp, marking a significant milestone in the company’s ongoing effort to build world-class engineering talent from the ground up.

The graduation was celebrated at a Demo Day event held in Lagos, themed “Training Done! Demo Up!”, where participants presented capstone projects built to real-world engineering standards.
The graduation comes at a crucial time for Africa’s tech ecosystem. Although Nigeria’s tech talent is growing, it isn’t sufficient, especially at the mid-to-senior engineering level, where demand far exceeds supply. By 2030, the global shortage of software developers could reach 85 million, leading to economic losses of $5.5 trillion. For a continent developing its digital infrastructure, this is critical. Moniepoint’s DreamDevs Bootcamp is a strategic response to these challenges.
The nine-week curriculum, created by Moniepoint’s Engineering Unit in partnership with Semicolon, covered Java Object-Oriented Programming, Data Structures and Algorithms, Software Testing, MySQL, Spring Boot APIs, System Design, Docker, Messaging Queues, Frontend UI, and Cloud Infrastructure. Participants received programme stipends and mentorship from experienced Moniepoint software engineers, gaining valuable exposure to the production environment of one of Africa’s fastest-growing fintech firms.
During the Demo Day presentation, the participants paired into 9 teams were excited to showcase how they have deployed knowledge and skills gained during the course of the bootcamp into real and useful solutions in real estate, hospital management, event management, food and agriculture.
Commenting, Felix Ike, Co-Founder and Chief Technology Officer of Moniepoint, said, “DreamDevs is a structural investment in Nigeria’s digital economy, not a recruitment exercise, not a pipeline built solely to serve Moniepoint’s hiring needs. That said, we are proud that some graduates from our first cohort are already active members of our engineering team, proof that when young African engineers are given the right training and the right environment, they can compete at the highest level”.
Felix added that “Engineering excellence is not a naturally occurring phenomenon. It is a curated and intentionally built process that requires the right systems, the right resources, and sufficient time to take hold. Building that process and making it accessible to the brightest young engineers on this continent is a responsibility we have chosen to own.
Africa’s digital economy is attracting significant global capital, yet the talent infrastructure required to sustain that growth remains underdeveloped. The DreamDevs Bootcamp and our other capacity-building initiatives across some of Nigeria’s public universities demonstrate Moniepoint’s commitment to this responsibility.
The initiative also aligns with Nigeria’s broader national agenda on technology skills development. Moniepoint serves as a key sponsor of the Federal Government’s 3 Million Technical Talent (3MTT) programme, which focuses on mass technical skills training across the country. While 3MTT addresses the scale challenge, DreamDevs provides depth, offering a specialised, end-to-end pathway from foundational training through to employment within Moniepoint’s complete development ecosystem.
As Nigerian fintechs deepen their infrastructure ambitions, the ability to grow engineering capacity that feeds these aspirations requires an urgent industry intervention, as Moniepoint is demonstrating to address Africa’s engineering talent challenge.
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