General News
Courier Operators Lose N200m to Digitization of Annual Reports -Umo
Dr. Mike Umo is the General Manager, Bulk-Post Venture, the bulk mail handling component of the Nigerian Postal Service (Nipost). Before joining in 1987 as a postal controller11, he had a stint with the Bank of India.
Umo, in his 26 years of stewardship at Nipost has worked as district postal manager, Murtala Mohammed International Airpport, Ikeja and FESTAC Lagos, respectively; First product manager, Lagos Mainland; Area Manager in Nipost Territorial Headquarters in Edo, Enugu, Delta and Lagos State.
He was appointed general manager Bulk-Post Venture in October, 2010 to carry out reforms that would entrench seamless processes in the then traumatized system. He spoke to peter ugwu on his transformation efforts
Place of Bulk-Post in The Postal Sector
The bulk-post is key to restoring courier operations in Nigeria; in that we are more or less number one point of call in the distribution chain.
For instance, we determine the tariffs that guide operators in the industry. It implies that when Courier Operators go out to negotiate business with customers, like the Capital Market Registrars, it is our tariff they use; anything in short of that they will be running at a risk.
Risk in the sense that when they bring the jobs to us, definitely we will not deviate and it is our tariff we are going to use in giving them their share-percentage.
The arrangement is that when Courier Operators get jobs from the Registrars, they will bring the job to us and the standard is that any job that passes through us we give them 40 per cent of the total benefit and we take 60 per cent. So, when they get a job and under value it, the blame will not be shifted to us.
This arrangement is not to say that we do not get jobs directly from the Registrars. What apparently determines the tariff is the weight; we weigh every job that comes in here.
We advise them not to play smart and then shoot themselves in the leg.
For instance, if two companies are pursuing a particular job and one of them tries to outsmart the other by cutting cost, they may end up not having the resources (fund) to bear the delivery costs. So, it is a sure way to ensure uniform tariff and curtail illegality.
Meanwhile, there are still few of them that cut corners; that is by taking jobs somewhere else, but if they pass through the Venture, such customers are guaranteed of maximum service.
Except for the few jobs they deliver on door-to-door process; that are not bulky, every other job is expected to pass through us.
Why Should They Pass Through the Bulk-Post VENTURE?
The principal reason is that most of them do not have all it takes to process the jobs and deliver them to the last mile.
We have the facilities and the spread throughout the country. That is the truth, but they will not want to hear that. For instance, you will find out that most courier operators do not have the facilities to move the mails from Lagos to other parts of the country like South-East or the Northern part of the Country.
So, when they collect the jobs we process and pay them their percentage. And I inherited the recent tariff regime, so anybody who would complain of that should know that Nigeria as at today implements the least tariff; the essence is that the industry is still evolving and we want the players to survive with more customers accepting to do business with us in the industry.
Uniform Tariff
Uniform tariff for the industry is the best because it helps to checkmate activities of the Registrars and curb excesses of courier operators and enable a level playing field for everybody. It is also a sure way to check sharp practices.
The activity of handling bulk transaction is that of Bulk Post Venture. In the past, Post Offices had the prerogative to manage all that, because of their spread. But the management of Nipost saw it as becoming a rat race sort of, that culminated into the establishment of the Bulk Post Venture in the year 2000.
So the emergence of Bulk Post has brought sanity and standardization in the courier companies’ interface with the customers. At the time we came in, we saw there was need to centralize. The process of centralization gave birth to the sharing ratio of 30:70.
After that, the Association of Nigerian Courier Operators (ANCO) started pressurizing that we need to review the ratio; in fact, they were even asking for 50:50, we said no, but when the pressure become unbearable, I craved the indulgence of the Post Master General and following series of meetings, we agreed on 40:60. They just direct the job to us; we do the bulk of activities involved.
Assessment of the Mailing Industry In Nigeria
Looking at the industry comparatively, there are various problems that we are facing. We need to tackle them before comparing operations here with what happens elsewhere in the world. In terms of facilities we are not there yet.
What is worrisome is that the mail volume is shrinking by the day. And the causes are not far-fetched.
For instance, a bank that has over one million shareholders it is expected that when the annual general meeting is coming up such bank would print the annual report to the corresponding number of shareholders.
That is not happening presently. Some banks in connivance with some Registrars come out with just half of the reports. Because of that, a lot of courier companies are chasing few jobs in the field. And more courier companies are coming up.
How does that affect the industry and the society at large? When a company is struggling to remain in business, will it employ more people? Apart from that, the industry is in absolute need of a principal regulator, because by standard, Courier operators are not supposed to be treating the kind of mails that Bulk-post handles.
They are supposed to focus on door to door delivery service, pick up service, logistics, etc. However, in the present industry anything goes. I would not say that the Courier Regulatory Department (CRD) is not apt in their operations, at the same time a Regulator with Statutory backing will do more.
It will have more logistics at its disposal and spread that reaches out to even the nooks and crannies of the country. Items below 500grams do not fall under the purview of other operators. But we have allowed them to continue so that businesses will thrive.
Innovations Implemented By Bulk-Post
Well, on the part of reform we started by centralizing the Venture. When I came in, we had eight (8) centres, but for proper monitoring and accountability we had to streamline the process. We merged the different locations and brought them down to headquarters annex at Lafiaji.
The procedure was widely lauded; most people were happy about it, but we do not expect that all would embrace it. In any sector where there is a bit of disorganization, definitely some people will benefit from it.
Our target was to attain an internationally acclaimed position in organization of the bulk mailing business.
Through the processes we were able to win-back our integrity; at a time people were going out, struggling to get job and have them delivered without competency.
On the part of the courier, most of them have seen that standardization was not for us alone, but they stand to benefit over time.
Automation of Bulk Post Operating Procedures
There had been attempts to do that, but logistics challenges could not allow us to perfect the system.
Recently, we received note from the head of ICT of Nipost that some people shall be drafted from the department to work with us in the bulk post for the purpose of perfecting our automation process.
ICT is a big plus to what we are doing, because if this place is automated it will help achieve our core values anchored on transparency and accountability.
If the transactions are automated, accountability will be 100% achievable. Automation will enable us to track movement of items in and out the post. Therefore, cases of human error or sharp practices shall be eliminated.
Challenges
Apart from the challenge of scarce resources which is common to companies in different sectors of the economy, we at Bulk Post have a peculiar challenge which is a fall out of the recent development in banks and companies producing compact discs (CDs) to replace printed copies of annual report.
That is our major challenge. A lot of them are shunning production of hardcopies. A copy of printed annual report values at N180:00; when you have 100,000 of them, you know what it translates to, monetarily. It is really affecting our revenue generation.
So, when that report is produced in CDs we get nothing more than N60 and remember most of the jobs come to us through the courier companies, invariably, we have to share whatever profit made after delivery at 40:60 ratio. As it stands now, it will be difficult for us to meet our revenue target.
Revenue Loss
Conservatively, between last year and now that companies digitalize annual reports, we have lost nothing less than N200 million.
The only way to change the trend is for the shareholders or stakeholders in those banks and companies to request that their reports be published in hardcopies. It is true that every company would like to cut costs, but in a situation whereby the reports are published in a CD, will somebody be able to sit down for two to three hours to study that? That is a key burning question. The differences between the two media-soft and hard copies are obvious. If you pick up a book to read when you are tired you mark where you stopped, go wherever you want to and come back to continue, but CD is not like that.
Secondly, you can tender hard copy report as evidence in the law court due to its creditability. Thirdly, how many of the shareholders are computer literate?
Last year only about 12 companies used CDs; and these are companies that generate volumes of reports.
This year more of them will join the trend because everybody is thinking on cutting costs, but does that add value to the shareholders is the question left unanswered.
It is left for the shareholders to complain to the Director-General of the Securities and Exchange Commission as they are the people that are affected more.
Bulk-Post in Postal Regulator Era
The existence of the ‘Commission’ will rather help Bulk-Post fulfil its functions. We are going to complement each other
The Commission is not going to impact negatively on us. While we are awaiting the establishment of the Commission, Nipost will still continue to play double roles which ought not to be.
Then, with the advent of such a Commission, every other venture will restrict its operations to its primary responsibility. And I am sure we will do it better; there will be no divided attention any more.
General News
TETFund Moves to Tighten Security in Tertiary Institutions

The Tertiary Education Trust Fund (TETFund) is set to develop a comprehensive security master plan for tertiary institutions nationwide.

The Chairman of the Board of Trustees (BoT), TETFund, Aminu Bello Masari, made this known during his remark at the opening ceremony of a two-day workshop on campus security towards the development of a security master plan for tertiary institutions in Nigeria, held in Abuja.
He outlined the various threats faced by tertiary institutions, including banditry, kidnapping and cyber intrusions.
Masari explained that the master plan aims to enhance threat prevention, detection and response capabilities.
According to him, the discussion at the workshop, which was attended by all the chief security officers of all tertiary institutions, will cover various aspects of campus security, including intelligence gathering and emergency response mechanisms.
He stressed the shared responsibility of campus security among government, security agencies, administrators, students, staff and communities.
The workshop is described as a critical national document that will shape campus security policies and operations.
He encouraged participants to approach the deliberations with dedication, innovation and practical solutions, adding that outcomes of the workshop will significantly impact the safety of campuses and the future of Nigerian tertiary education.
The participants, including chief executives, deans, security officers, and law enforcement representatives, were encouraged to share experiences and practical solutions to ensure robust, future-proof campus security.
“What we begin here today is not merely another conference. It is a foundational step in developing a comprehensive, forward looking security master plan for tertiary institutions in Nigeria.
“This master plan is expected to establish a security of time framework for all time sharing institutions to transcend institutional capacity for threat prevention, detection, mitigation and response, promote intelligence-led security operations and proactive risk management, protect students, staff, facilities, infrastructure and intellectual assets, deepen collaboration between institutions, security agencies and host communities institutionalized emergency preparedness, crisis management and business continuity protocols and integrate modern, physical and digital security technologies into campus operation.
“These deliberations are not theoretical. They form the building blocks of the national framework that will guide campus security policies, investments and operations for years to come. I am particularly encouraged by this diversity of participants. Present here are chief executives, Dean of Student Affairs, chief security officers, ICT professionals, security analysts and the representatives of law enforcement agencies,” he stated.
In his remarks, the Executive Secretary, TETFund, Sunny Echono, pointed out that some campuses are porous and easily invaded, making them attractive targets for criminals.
He recalled a previous mapping exercise to identify high-risk areas and establish emergency response mechanisms.
He said there is a need to interface with various agencies and units in case of a security breach, ensuring clear communication channels.
Echono stressed the importance of having clear communication channels to alert and respond to security breaches, involving agencies like the military, police and Civil Defence.
“Those high-risk areas we identified and see how you can have some emergency response mechanism. This is only the first layer that is there, at the security layer at the source. Naturally, you know you have to interface with so many other agencies and units in the events of such an occurrence,” he said.
General News
NiDCOM Launches Diaspora Startup Challenge to Boost Nigerian Talent

The Nigerians in Diaspora Commission (NiDCOM) has sought to harness the innovation and expertise of Nigerians across the globe with the launch of the Connected Diaspora x DOWA Start-Up Challenge and the Connected Diaspora Flagship Event 2025.

Speaking at a news conference in Lagos, Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, described the initiatives as timely and transformative, noting that they are strategically designed to tap into the creativity, enterprise and professional strength of Nigerians in the diaspora.
She said the Start-Up Challenge, themed “Building, Breaking and Believing in Nigeria,” aims to energise innovators abroad by promoting knowledge transfer, enterprise development and strategic investment to support Nigeria’s rapidly expanding economy.
According to a statement by NiDCOM, the challenge, which offers cash prizes of up to ₦1 million, is targeted at spotlighting exceptional ideas and supporting impactful ventures created by Nigerians living overseas.
According to Dabiri-Erewa, the initiative aligns with the Federal Government’s overarching goal of engaging the diaspora community as key partners in national progress.
She further announced that the Connected Diaspora Flagship Event will take place on December 19, 2025, in Lagos, and will bring together entrepreneurs, policymakers, investors, technology leaders and strategic partners for critical discussions on Nigeria’s future.
Kadiri Hamzat, Deputy Governor of Lagos State, will serve as the Special Guest of Honour and is expected to speak on the importance of collaboration between government and the diaspora in accelerating development.
NiDCOM also revealed that notable contributors from the global diaspora community and Nigeria’s entrepreneurship ecosystem will enrich the sessions and help shape new pathways for meaningful engagement.
Dabiri-Erewa said their support remains invaluable in driving the success of the initiative. She emphasized that their continued collaboration helps unlock the potential of Nigeria’s global talent pool and fosters sustainable economic growth.
The Commission called on stakeholders across both the public and private sectors to support the initiative, stressing that the opportunities for innovation, collaboration and nation-building are immense.
NiDCOM urged young Nigerians and diaspora returnees to participate actively in the Start-Up Challenge, reminding them that entries close on December 12, 2025.
The December event will also feature a Diaspora Talent Career and Internship Fair, aimed at connecting diaspora returnees with internship opportunities offered by DOWA partner organisations.
NiDCOM said the fair will further strengthen talent exchange and deepen the country’s development capacity.
The programme timeline includes the opening of applications for the Start-Up Challenge from November 18 to December 12, followed by public voting on Instagram from December 13 to 17.
The winner will be announced on December 18, ahead of the final presentation at the JK Randle Centre in Lagos on December 19.
NiDCOM encouraged interested participants to follow the provided registration details and take advantage of the platform created to connect, innovate and contribute to national advancement.
General News
PromoPrint Rekindles Nigerian Resilience @ 25th Anniversary

Indigenous printing company, PromoPrint Ventures Ltd, celebrated 25 years of operations in the country on Tuesday 2nd December, at an event held at the Lagos Motor Boat Club in Lagos.

The evening saw business executives, clients and stakeholders in the printing space gathered to attest to the dexterity and Nigerian resilience demonstrated by Mrs. Patricia Ojora, the Founder and Chief Executive of the company in sustaining the growth of PromoPrint over the last 25 years.
Amongst many things on display that evening were PromoPrints very first t-shirt printed in the year 2000. Guests also cheerfully adorned custom-made patterns done by Promoprint on our indigenous cotton fabric (Funtau).
In her opening remarks, Mrs. Patricia Ojora recalled the past 25 years of operation in Nigeria at the helm of PromoPrint. While not easy, she says:
“We’ve been able to do it and we enjoy it. There’s nothing better than creation. To create something from nothing and do it so well, it’s a passion for me. It’s something that I really, value. I’m a great supporter of Nigeria, so I believe that we should be able to do things well in Nigeria. We don’t need to always import, that’s why we’re doing this today, to be able to collaborate with people. Most of the people here are people we’ve collaborated with and have worked hard to build Nigeria back up”.
She recounts how she was able to change the narrative of many Nigerians that were printing outside of the country who are now printing with PromoPrint Ventures. “People used to print outside the country because they didn’t trust the quality that was here in Nigeria,” Patricia explains with an understanding that “we can produce good quality here within Nigeria.”
The company is a one-stop shop for all things printing with all operations happening in-house, from the expertise of crafting graphics and garment production to the t-shirts, roller banners, corporate gifts and more being rolled out on a daily basis. “What we are selling is peace of mind in a chaotic place.” Patricia says, with nearly three decades of successful operations and collaboration under her belt.
Significantly, she makes sure the company remains primed for the future, using AI and the like to remain progressive in strategy and implementation. Patricia proudly states, “Our automated printing carousel can churn out 10,000 tees a day if needed and our many corporate clients can attest to this.”
In attendance was Atedo Peterside (CON), Founder, Stanbic IBTC Bank Plc, one of many guests in the room who spoke to PromoPrints impact. “There’s something about longevity,” he shares with the crowd, “If you’ve kept the business going for 10 years, I always tell people, it means you’re doing something right. If you get it going for 20 years, you’re doing something very correct. Patricia must be doing something phenomenally right and it’s my sincere hope that she keeps it going, keep building, keep innovating.”
“Patricia can create almost everything,” Peterside remarks, “she has the courage, audacity and the commitment.”
Mrs. Ibukun Awosika, Nigerian businesswoman and the first female Chairperson of First Bank of Nigeria, contextualises the tenacity of Patricia’s efforts rather well. She reminds the room that “when you think of how many big multinationals who have so much that protects them, who have a lot of support systems internationally and locally, who gave up on Nigerian manufacturing, then you have to go back and think about those of us like Patricia.”
Even after 25 years, Nigeria remains in need of more Entrepreneurs, particularly those like Patricia, to boost the SME and manufacturing industry in the country despite the odds. “She didn’t give up,” Awosika says in admiration.
“What is key is that, when we celebrate the likes of Patricia and her company, we know without a doubt that it’s not just because they want to have a celebration. It’s because, in truth, the Nigerian entrepreneur is a star, and even more so, the Nigerian manufacturer.” Awosika concludes.
So, we celebrate Mrs. Ojora and her PPV entire team, and all that has gone into 25 years of hard work, commitment, creativity, we also recognise the passion that does not allow you to give up on the vision, the commitment to not only creating jobs for other Nigerians but creating value within Nigeria. The commitment to innovating a solution for every challenge and every situation. Indeed, it was a worthy celebration.
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