News
NIPOST Mulls Reforms to Improve Service Delivery
Mr Bisi Adegbuyi, postmaster-general, Nigerian Postal Services (NIPOST), has said that the agency is committed to achieving the Sustainable Development Goals (SDGs) for inclusive development in the country.
Adegbuyi gave the indication while speaking at the NIPOST Special Day on Saturday, in Abuja.
The postmaster-general, who was represented by Mr Abubakar Usman, NIPOST Zonal Manager, said that the agency had expanded its frontiers in order to contribute to the socio-economic development of the country.
“The postal sector in Nigeria is an enabler of inclusive development, “he said.
According to him, achieving inclusive development is an essential component of any global economy.
He emphasised that NIPOST was committed to changing the narrative of postal services by leveraging on innovations for improved service delivery.
“Introduction of a wide range of products and services such as e-commerce, logistics and microfinance collaborations, among others, are the ways NIPOST is leveraging on the latest technologies to transform the postal landscape and satisfy customers.
“The goal of NIPOST, like other postal sectors around the world, is to become a communicating melting point where other value-added services are provided aside posting of letters,’’ he said.
Adegbuyi said that NIPOST was collaborating with other agencies such as Abuja Chambers of Commerce and Industry and the Central Bank of Nigeria (CBN) to continue to deliver value-added services to the populace.
He disclosed that NIPOST was introducing some reforms that would improve service delivery, adding “we intend to create a ‘24/7’ enquiry platform where customers can get immediate feedback or response.
“The platform will go a long way in attending to and offering solutions to whatever challenges being faced by of our customers,’’ he said.
EFCC
The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.
The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.
Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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