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FG Carves Out 3 Firms from NIPOST, Plans Commission for Courier Industry

Federal Government has created three commercial ventures from the Nigerian Postal Service (NIPOST) even as it said National Postal Commission (NPC) will be established soon to regulate the courier industry, including NIPOST.

The three new subsidiaries, which were carved out in the ongoing reform of the country’s main postal agency are: NIPOST Properties & Development Company; NIPOST Transport & Logistics Company and NIPOST Microfinance.
Mr. Alex A. Okoh, director general of the Bureau of Public Enterprises (BPE), disclosed this in Abuja when he received some labour leaders in his office.
He said the BPE had completed the registration of NIPOST Properties & Development Company and NIPOST Transport & Logistics Company at the Corporate Affairs Commission (CAC).
The Director General added that the process for registration at CAC and also that of obtaining regulatory approvals from the Central Bank of Nigeria (CBN) for NIPOST Microfinance bank had also commenced.
He said the on-going reform of the NIPOST would not attract job losses or retrenchment but would rather create more jobs in the new subsidiaries that will emerge after the reform.
Receiving the leadership of the National Union of Postal and Telecommunications Employees (NUPTE), led by Rev. Nehemiah G. Buba, president, who paid him a courtesy visit, Okoh said NIPOST, after the reform, would still remain 100 percent entity of the federal government as the reform only aims at commercializing its services and making it robust to deliver more efficient postal services.
The Director General reiterated that the benefits of the reform of the sector include the provision of efficient postal services and utilisation of vast assets of NIPOST across the country; reduction in funding from the treasury in terms of subventions to NIPOST and the operation and growth of ancillary services and business to enhance the overall efficiency of NIPOST to create more jobs.
He said, in order to sensitize all the relevant stakeholders on the need for the reform, the Bureau in conjunction with the Federal Ministry of Communication & Digital Economy and NIPOST held zonal workshops in five of the six geo-political zone of the country, except the North-Central Zone which was to be held in Abuja but for the outbreak of the coronavirus (Covid-19) pandemic.
The Director General announced that the reform of the postal sector would lead to the emergence of Nigerian Postal Commission (NPC) as a regulator of the sector to ensure efficiency, service delivery and check abuses.
He said during a tour of some of the countries that have effectively reformed their postal services and are reaping good dividends, it was discovered that in China for instance, its Postal Bank has over 80 million customers because of its rural penetration.
He said given that most rural communities in Nigeria do not have access to banking facilities, the emergence of NIPOST Microfinance Bank would be beneficial to the communities.
On the request by the union leaders for the bureau to intervene in the impasse between NIPOST and the Federal Inland Revenue Service (FIRS) on which of the organisations is statutorily required to collect stamp duties in the country, Okoh assured them that the bureau was already interfacing in the matter and that soon, an amicable solution would be reached.
Buba, commended the federal government for initiating the reform which is now a reality.
He expressed delight over the visit as some of the issues pertaining to the reform, which were hitherto not known to the workers, have been laid bare by the bureau.
It would be recalled that the National Council on Privatisation (NCP), at its meeting held on 31st October, 2017, approved the reform of the Postal Sector and the restructuring and modernisation of the Nigeria Postal Services (NIPOST).
News
LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others

Lagos Internal Revenue Service (LIRS) pursuant to Section 60 of the Nigeria Tax Administration Act (NTAA), plans to ask Nigerian banks to debit bank accounts of employers who failed to remit tax liability.

This was disclosed in a recent notice on Sunday.
LIRS stressed that the move was in line with the implementation of the country’s NTAA and other new tax laws, which took effect on January 1, 2026.
“Where a taxpayer fails, neglects, or refuses to settle any established outstanding tax liability when due, LIRS may exercise its power under Section 60 to direct any of the following persons to pay the amount owed by the taxpayer:
“Banks and other financial institutions; Employers; tenants, debtors, or customers of the taxpayer; Agents, business partners, and any person holding money on behalf of the taxpayer; Any person owing money to the taxpayer, whether presently due or accruing. Once a substitution notice is issued, the person served is statutorily required to remit to LIRS the amount. Specified in the notice from funds belonging to, or payable to, the defaulting taxpayer,” the LIRS notice partly read.
Meanwhile, Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, weeks ago ruled out claims that the government would debit personal accounts over tax remittances.
News
Anambra Cuts Monday Pay to Kill Sit-at-Home

Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Soludo
Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.
Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.
Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.
News
Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.
“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.
Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.
To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.
Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.
“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.
He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.
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