Connect with us

General News

NIPOST Eyes N10Bn Revenue on Business Growth

Published

on

Kindly share this post

Mrs Tola Odeyemi, postmaster general of the federation and chief executive officer, Nigerian Postal Service (NIPOST), has said the agency plans to generate N10 billion in revenues this year.

NIPOST Eyes N10Bn Revenue on Business Growth

She said the present leadership of NIPOST has taken steps to change the narratives of the agency by ensuring that the company adds values to the activities of government and impacts positively on the lives of ordinary Nigerians.

Odeyemi said NIPOST has signed a Memorandum of Understanding (MoU) with the Small and Medium scale Enterprises (SMEDAN) to ensure that the cost of moving goods/services through NIPOST for 22 million businesses that registered with SMEDAN is reduced by 15 percent. This, she said, would boost the economy and improve productivity across all sectors of the national economy.

The postmaster general made the remarks at the opening ceremony of a three-day Strategic Management Retreat for the Management staff of NIPOST, Directors, and Postal Managers from the 36 states and the FCT. The retreat took place at DRACC Aco Estate, Lugbe, Abuja.

She said the retreat had the theme “Empower, Innovate, Shape: Nigerian Post, optimised for Excellence “noted that it was targeted at “ensuring alignments of all our day-to-day activities so that they would be in tandem with the vision and mission of the present leadership.”

Advertisement

“We want to explore opportunities for efficiency, and energise NIPOST base across all the 774 local government areas.  It has become necessary that we must deliver the minimum level of service that is expected from NIPOST,” she said.

Odeyemi said NIPOST would upgrade its technology architecture to improve on its mail delivery systems and build public trust and confidence in the agency, stating that complaints reaching the management on missing mails are due to human errors.

“Yes we are aware of the compliant about missing mails. We are going to upgrade our technology with end-to-end tracking system. This enables us know where things go wrong because this is a human system, so you experience some errors. But we will address the errors through improved technology, “ Odeyemi said.

The NIPOST boss said efforts have also reached advance stage for NIPOST to restart its e-commerce,  financial services, NIN enrolment and registration using its facilities in all the 774 local governments of the country.

Odeyemi said:”There is a lot of work being done with little resources that NIPOST has. One of the things I want to change is that I want to increase revenue, for revenue generation we are starting last man delivery of some government services and NIN registration. It will be available in all our locations.

Advertisement

“We are restarting our financial services, meaning that one can be able to do simple financial transactions, like bills payments, utilities payments, cash in cash out, at any NIPOST location.

“We are also increasing our presence in e-commerce and logistics, haulage services using all our locations for the good of Nigeria.

“Under the Renewed Hope Agenda one of the things that we have done is our partnership with SMEDAN. They have a mandate to ensure that across Nigeria, NANO, Micro small and medium enterprises function properly.

“One of the key aspects of this industry is the ability to move their goods from production to end-users or customers. This is one of the areas we want to participate in the diversification of the economy.

“ It’s to enable people to move goods at a reduced cost, and we just signed an MoU with SMEDAN and we are reducing prices by 15 % for the over 22 million businesses that register with SMEDAN.

Advertisement

“So we want to be the enabling platform to improve trade and commerce in the country.

“We will also have agro logistics products, we are in agrarian states where you have excess capacity for agricultural production. This we will do to help farmers move their produce to either the aggregator or to the table. It could be from the farm to the table or from farm to business.”

 

Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

General News

NUPRC Warns of Counterfeit,  AI-Generated Appointment Letters

Published

on

Kindly share this post

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has cautioned the public against fake recruitment offers and fraudulent employment letters circulating in the agency’s name.

NUPRC Warns of Counterfeit,  AI-Generated Appointment Letters

Eniola Akinkuotu, head of Media and Corporate Communications of the Commission, stated that NUPRC has received reports of counterfeit and AI-generated appointment letters bearing names not known to the regulator.

The Commission also said fraudsters have been extorting money from jobseekers by promising placement within the agency.

NUPRC has reported the incidents to law enforcement and said investigations are underway.

The regulator reiterated that there is no ongoing recruitment exercise and warned members of the public not to make any payments for supposed job offers.

Advertisement

“Whenever the Commission decides to recruit, the process will be conducted strictly in accordance with extant laws and government regulations,” the statement said.

The Commission urged jobseekers to verify any purported offer and to rely only on official NUPRC communications for recruitment information.

The warning follows growing concerns about the misuse of digital tools, including artificial intelligence, to fabricate apparently authentic documents that can deceive the public.

Kindly share this post
Continue Reading

General News

Africa50 Secures Fresh Capital, Strategic Partnerships to Accelerate African Infrastructure

Published

on

Kindly share this post

Africa50, the pan-African infrastructure investment platform, has secured new investment commitments and strategic partnerships with international investors and Tanzanian institutions aimed at mobilising capital for infrastructure development across Africa.

The agreements, announced at the 2026 Infra for Africa Forum in Dar es Salaam, include a US$20 million commitment from British International Investment (BII) to Africa50’s Infrastructure Acceleration Fund (IAF), as well as partnerships covering natural gas, electricity transmission and healthcare infrastructure in Tanzania.

The latest commitments bring the IAF’s total capital commitments to approximately US$330 million.

Under one of the major agreements, Africa50, Tanzania Petroleum Development Corporation (TPDC) and TAQA Arabia will develop the first phase of a small-scale liquefied natural gas (LNG) project designed to distribute domestic natural gas to industrial and transportation customers across Tanzania.

Africa50 is partnering with TAQA Arabia and TPDC on the project, providing project development, investment and financial structuring expertise to develop a bankable model that could be replicated in Tanzania and other markets.

Advertisement

Mussa M. Makame, Managing Director of TPDC, said the partnership demonstrated Tanzania’s commitment to leveraging its natural gas resources to support national development.

“As a gas supplier to this project, TPDC will work with the project partners to broaden domestic access to cleaner, reliable energy and create greater value for the Tanzanian economy,” he said.

Pakinam Kafafi, CEO of TAQA Arabia subsidiary Rosetta Energy Solutions, said the LNG project would convert Tanzania’s gas resources into reliable energy for industry, communities and transportation.

“This project will turn Tanzania’s abundant gas resources into reliable energy for industry, communities and transport, strengthening energy security and accelerating industrialization,” she said.

Africa50 also signed a Memorandum of Understanding (MoU) with Tanzania Electricity Supply Company (TANESCO) to collaborate on electricity transmission Public-Private Partnerships (PPPs).

Advertisement

The partnership is expected to facilitate Tanzania’s first Independent Power Transmission (IPT) project, drawing on Africa50’s experience with its IPT project in Kenya.

Engineer Timoth Mgaya, Acting Managing Director of TANESCO, said the partnership would help Tanzania attract private capital and strengthen its transmission infrastructure.

“Partnering with Africa50 provides Tanzania with strategic project-development and financing expertise as we unlock private capital for Africa’s transmission infrastructure,” he said.

The agreement, he added, would contribute to the development of East Africa’s power market while supporting industrialisation, economic integration and inclusive growth.

In the healthcare sector, Africa50 and Tanzania’s Ministry of Health signed an MoU to expand access to renal care and dialysis services for patients suffering from kidney diseases.

Advertisement

The partnership is expected to provide healthcare infrastructure, reliable medical equipment, experienced operators and long-term investment to strengthen the country’s capacity to deliver life-saving renal services.

Meanwhile, BII’s US$20 million investment in the IAF makes the UK development finance institution the latest Limited Partner in the fund.

BII and Africa50 also signed an MoU to deepen cooperation and identify opportunities for co-investment and further mobilisation of capital into African infrastructure.

The IAF invests in equity and quasi-equity opportunities across power, transport and logistics, water and sanitation, digital infrastructure and social infrastructure.

The fund leverages Africa50’s relationships with African governments, corporates and project developers to deploy capital into infrastructure projects with strong commercial and development potential.

Advertisement

Leslie Maasdorp, Chief Executive Officer of BII, said the partnership would help mobilise additional capital into sustainable infrastructure across Africa.

“Africa’s infrastructure needs are significant, but so are the opportunities,” Maasdorp said. “By combining our expertise, networks and capital, we can help unlock investment that drives growth, creates jobs and improves lives.”

Alain Ebobissé, Group CEO of Africa50, said the new partnerships reflected the organisation’s evolution from a project development institution into a major infrastructure investment platform.

“Africa50 was created to develop bankable projects, mobilize finance for investments in Africa’s infrastructure and accelerate delivery,” he said.

According to Ebobissé, the organisation is now positioned to scale up infrastructure investment by translating the vision of African leaders into commercially viable projects capable of attracting capital from both African and international investors.

Advertisement

The agreements were announced as Africa50 marked its 10th anniversary under the theme, “A Decade of Economic Impact: From Vision to Delivery.”

Kindly share this post
Continue Reading

General News

MTN Engages UNILAG, YABATECH Students on Careers in Technology, Finance, Cybersecurity

Published

on

Kindly share this post

MTN Nigeria, leading technology company, recently hosted undergraduates from the University of Lagos (UNILAG) and Yaba College of Technology (YABATECH) for an immersive career engagement session, at the MTN Rooftop Plaza, Ikoyi, Lagos.

MTN Engages UNILAG, YABATECH Students on Careers in Technology, Finance, Cybersecurity

MTN

The event exposed students to career opportunities across cybersecurity, finance, internal audit and forensic investigations while providing practical insights into the skills required to succeed in today’s workplace.

The session was designed to bridge the gap between academia and industry by helping students better understand the diverse career paths available within the telecommunications and technology sector.

The engagement brought together students studying Economics, Banking and Finance, Cybersecurity and Accounting, providing an opportunity to interact directly with professionals from various business functions.

Through presentations and discussions, participants gained a deeper understanding of the competencies, experiences and continuous learning required to build successful careers in a rapidly evolving business environment.

The engagement comes at a time when technology-related roles, including cybersecurity specialists, are among the world’s fastest-growing occupations, according to the World Economic Forum’s Future of Jobs Report 2025.

Advertisement

During the visit, the students met with senior cybersecurity and forensic professionals who shared insights into their respective fields and discussed emerging trends shaping the future of work.

The sessions also highlighted the wide range of career opportunities available across different fields, demonstrating that success in the industry is not limited to any particular course of study.

Undergraduates were also introduced to the evolving nature of the audit profession, as data analytics, artificial intelligence and cybersecurity are becoming increasingly important areas of focus for internal auditors.

During a session on building a meaningful career in Internal Auditing, undergraduates were encouraged to approach their professional journeys with purpose, continuous learning and a commitment to personal growth.

The session emphasised that career success extends beyond securing employment and involves developing relevant skills, understanding one’s strengths and intentionally pursuing opportunities that align with personal values and long-term goals.

Advertisement

Speaking during the engagement, Chief Internal Audit and Forensic Services Officer, Ibe Kalu Etea, represented by the General Manager, Internal Audit and Forensics, Wasiu Ibrahim, encouraged the undergraduates to remain open to opportunities beyond their academic backgrounds and focus on developing transferable skills. “Students can take any career path they want to. You can upskill and transition into a different career, even if it is not what you studied in school.

“Do not let your course of study determine your career path. Focus on building relevant skills, staying curious and continuously learning because opportunities exist across many fields,” he said.

The Undergraduates also participated in an interactive question-and-answer session, where they sought guidance on career development, workplace expectations and professional growth.

The initiative reflects MTN Nigeria’s commitment to nurturing future talent by connecting young people with industry leaders and equipping them with the knowledge, exposure and confidence needed to navigate their career journeys.

 

Advertisement

Kindly share this post
Continue Reading

Trending