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FMCT Says Economy Gained N290Bn from Courier Sub-Sector in 4 Years

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Despite challenges facing the Nigerian courier (Postal) sub-sector, statistics released by the Federal Ministry of Communication Technology (FMCT) has shown the sector injected N290 billion into the economy in the last four years.

According to the document released by the Ministry at the 4th Industry ICT Stakeholders Forum, the courier sub-sector (turnover) to the economy from 2011 to 2014 has been on the increase from N40.3 billion (2011); N58.7 billion (2012); N87.7 billion (2013) to N103.3 billion (2014).

The sector is an amalgam of transport, logistics and distribution, and related entities that are involved in the linking of communities by movement of message, information, goods and services.

Speaking on the opportunities before players in the sector, Dr (Mrs) Omobola Johnson, minister of Communication Technology, said that, the sector has been growing steadily, and is likely to experience more rapid growth as commerce, particularly e-commerce.

She also advised players to leverage on the opportunities e-commerce presents, adding that NIPOST will soon hand over the regulatory role to an independent regulatory, as the Presidency works in tandem with the National Assembly for passage of a Bill on National Postal Reform.

“We are witnesses to the ‘Black Friday’ sells towards the end of last year where a particular e-commerce platform made N700 million within that weekend. That’s an opportunity for the courier operators to partner the e-commerce sub-sector. E-commerce is not just about sells; distribution is very critical and we have seen them with distribution buses, and motor-bikes. We expect those jobs to be delivered by the courier operators,” Johnson said.

On his part, Malam Mori-Baba, post master general of the Federation said that NIPOST has been working with operators in finding ways for the progress of the sub-sector.

Mori-baba also urged the operators to always be truthful during registrations to enable them keep track of their operations and rollout programmes for development in the sector.

“It is true the industry has some challenges, however, we are not happy that some operators will not give us the true picture of their capacity during registration. They would say they have the capacity for nation-wide delivery, but at the end they cannot deliver”.

But, Mr. Okey Ubah, general secretary of ANCO, said the industry lacks government interventions.

He wondered why the Postal Reform Bill has not seen light of the day almost nine (9) years after it was presented to the National Assembly.

According to him, the postal sector deserves equal attention like the telecoms hence they are housed under the umbrella of Ministry of Communication Technology.

However, revised gross domestic product (GDP) figures show that the contribution of the postal and courier services sector to GDP (at 0.03%) is low.

While the total number of registered courier companies as at November last year was 293 the asset worth, including revenue, capital items, and other working facilities, of the courier industry was estimated at about N300 billion.

 


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General News

FG Launches NERD to Combat Certificate Fraud

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Federal government has taken a significant step to enhance the integrity of Nigeria’s education system by deploying the Nigeria Education Repository and Data Bank (NERD), a national digital platform that secures, digitizes, and authenticates academic records across all tertiary institutions.

FG Launches NERD to Combat Certificate Fraud

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Maruf Tunji Alausa, minister of Education, unveiled the initiative during the National Capacity Building Programme for institutional representatives, underscoring NERD’s importance as a critical national infrastructure for safeguarding academic credentials and strengthening education data governance.

“NERD is essential to our reform agenda under the leadership of President Bola Ahmed Tinubu,”  Alausa stated.

“It ensures reliable digital preservation and verification of academic records, which is vital for maintaining the credibility of our education system.”

According to Alausa, in the brief span of four months since its implementation, NERD has made remarkable progress, successfully preserving nearly 100,000 digital student submissions and integrating over 250 tertiary institutions.

The platform has also enrolled more than 133,000 students and 6,800 lecturers, significantly enhancing the academic record-keeping process.

Alausa highlighted that the initiative is a proactive measure against certificate fraud, noting recent investigations that revealed cases involving fraudulent foreign credentials procured from unaccredited institutions.

This underscores the urgency of protecting the integrity of academic qualifications in Nigeria.

Furthermore, the Ministry announced that participation in the NERD system will soon become a prerequisite for either participation in or exemption from the National Youth Service Corps scheme, reinforcing the initiative’s impact on the educational landscape.

The Federal Government remains committed to building a transparent, digitally verifiable, and globally respected education system, ensuring that the integrity of academic records is upheld across the nation.


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Goodnews Naija Launches ‘Building in Nigeria’ Series on Entrepreneurs, Real Sector Builders

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Goodnews Naija Podcast, a digital platform dedicated to highlighting positive, uplifting stories and innovations from Nigeria, has launched Building in Nigeria, a documentary-style series aimed at spotlighting entrepreneurs and businesses contributing to economic activity and job creation across the country.

The series explores the realities of running and scaling businesses in Nigeria, featuring founders, operators, and innovators across sectors including manufacturing, services, agriculture, and sustainability.

Through interviews and on-ground visuals from workshops, markets, factories, and small offices, the programme examines the operational discipline, challenges, and execution processes required to build viable enterprises in a complex business environment.

Damilola Kehinde, host of the series, said the programme focuses on entrepreneurs whose contributions to economic progress often receive limited visibility.

According to the producer, Memunat Oladepo, the series seeks to move beyond surface narratives by providing practical insights into how Nigerian businesses are started, sustained, and grown despite infrastructure gaps, funding constraints, and market volatility.

The organisers said Building in Nigeria is targeted at entrepreneurs, investors, and policy-interested audiences seeking grounded perspectives on enterprise development in the country.

The first season is scheduled to premiere on March 11, 2026, across Goodnews Naija’s YouTube channel, social media platforms, and podcast platforms, where it recorded over 24 hours of viewership within the first day of release.

 

 


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FCCPC Bans Lagos ‘No Refund’ Policy, Vows Fines and Shutdowns for Traders

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Federal Competition and Consumer Protection Commission (FCCPC) has warned Lagos traders against enforcing the unlawful “no return, no refund” policy, declaring it illegal under the Federal Competition and Consumer Protection Act (FCCPA) 2018.

FCCPC Bans Lagos 'No Refund' Policy, Vows Fines and Shutdowns for Traders

FCCPC

Dr Olubunmi Otti, FCCPC Southwest Zonal Coordinator, issued the directive during the inauguration of new executives of the Phone and Allied Products Dealers Association (PAPDA) on Wednesday, stressing consumer education as the strongest defence against market exploitation.

“There is no such thing as ‘no return, no refund’. If a product does not fulfil its intended purpose, the consumer has the right to return it,” Otti declared, adding the commission mediates complaints for refunds, replacements, or exchanges.

Non-compliant businesses face fines, product withdrawals, seizures, prosecutions, or shutdowns. Otti noted thousands of monthly complaints via the FCCPC portal in the Southwest alone, with sensitisation expanding to Alaba Market and Trade Fair Complex.

She urged consumers: “When your rights are violated, do not just say, ‘You give it to God.’ Bring your complaints to the FCCPC. The law empowers us to protect you,” while calling for traders’ collective responsibility to ensure quality products and services.


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