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Removing Impediments to Postal Service

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At different fora, postal service including the courier has been hailed as capable of delivering return on investment if well structured and managed.

However, there are divergent views on the issue of deregulating the sector to make it a money spinner. Some opinion leaders in the industry argue that why telecommunications and postal service are within government control is that the two sectors are sensitive to the security and economy of any nation and therefore should be left in the hands of the government to pull the strings of control. This school of thought also says that the sector should not be totally deregulated.

On the other hand, it has been stressed by the other school of thought on the need to liberalize the sector to make players in the industry reap the bounty potentials of the sector.

They posit that regulation in the postal sector is needed to ensure viable competition to correct market failures and protect consumers’ and investors’ interest even as they picked holes in the present arrangement where the Courier Regulatory Department (CRD) , an organ of NIPOST that is also a player in the industry, is meant to call the shots in the industry. They likened the scenario to a player officiating in a match where he is also an active participant. No doubt, they believe, the impartial disposition of the official will also be called to question.

What is therefore needed in this direction is for government to make a bold step and ratify the document that is supposedly now in the domain of the National Assembly and name an independent regulator for the industry to kick-start the much awaited competition in the arena since postal stakeholders have generally argued that competition is a healthy development in any industry. Further delay in giving accent to the postal commission document is injurious to national development as the postal sector has contributed immensely to national economic growth, generating revenue in several billions of naira as well as creating employment opportunities for thousands of Nigerians even in the present arrangement in where the CRD is still part of the NIPOST, also a player in the industry.

Without overflogging the issue, postal operators have also cried out loud on the harsh and difficult environment under which they do business. The environment, they complained is not conducive to the postal business in particular and other businesses in general.

 

Transport for instance, is an integral part of daily subsistence, economic and social activities in any country. The sorry state of much of the Nigerian roads and networks is holding the postal sector back and preventing it from competing adequately in the global market.

Courier is a perishable product that is time sensitive, anything that subtracts timeliness of delivery has therefore removed the essence of courier.

However, with the poor state of our roads including the so called express roads that are characterized with pot holes culminating in traffic bottlenecks most of the times, timely delivery of mails and logistics therefore suffer a great deal.

For government to solve this problem, it needs to enunciate a well defined and effective transport policy in addition to putting the roads in good motorable condition as well as expand the road networks in the country. This will ease transportation problem as the human and vehicular population continue to be in the upswing leading to strains on the roads. A well defined and effective transport policy must be an integral part of any the country’s overall poverty reduction strategy.

Stakeholders have also cried over the state of energy sector in Nigeria saying that the lack of it has increased cost of operation for the postal sector as most companies fall back on generating sets with the attendant cost of purchasing fuel and diesel. Most postal companies make use of Information and Communication and Technology (ICT) tools and these equipment need energy to function. The effect of this is that the cost expended on diesel and fuel needed in day –to- day running of the business is spread across the services rendered by the postal companies. The customer bears the brunt.

There’s also the issue of harassing of courier vehicles and motor- cycles by government agencies including the local government officials. Operators have also complained of extortion at the airports by the police, customs, NDLEA and other security operatives.

Such practices are far from international practices and Olushola Pearce, managing director, DHL Regional Services in his presentation during a courier event sometime ago highlighted the importance of inculcating international best practices into the postal sector arguing that until such is done, the sector will continue to suffer setbacks which will not benefit the nation, operators or the economy. He therefore urged for urgent steps to be taken by the government to put things in the right perspective.

Few connecting local flights at the Nigerian airports is also a problem for postal operators as such planes cover major cities where there are heightened business activities. The implication is delay in consignments getting to their various destinations on time.

The federal government should investigate these and other issues not mentioned here adequately enough with a view to addressing them squarely. Above all,

it should hasten up to appoint the independent commission that will regulate the postal sector. The time to act is now.


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QNET Celebrates Father’s Day by Empowering Dads with Business and Wellness Solutions

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In celebration of Father’s Day, QNET, a leading global e-commerce company, reaffirms its dedication to empowering dads around the world with business opportunities and wellness solutions. Acknowledging the crucial role fathers have in families and communities, QNET is providing them with the chance to excel effortlessly in their roles through its direct selling business opportunity, along with products that enhance their wellness and lifestyle.

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A recent report on Balancing work and dad duties in Nigeria recognises the sacrifices incredible Nigerian fathers make to be providers and active caregivers.

The report highlights the challenges fathers face in balancing work and family life. Understanding these challenges, QNET is dedicated to empowering aspiring entrepreneurs, particularly fathers, by providing them with the tools and support they need to succeed.

For fathers who aim to build a better future for their families, the company offers a platform that not only helps kick-start their businesses but also nurtures their growth. Through QNET’s business platform, fathers gain access to comprehensive product and business training and customer support, ensuring that they have the knowledge and skills necessary to thrive and feel empowered in their entrepreneurial journey.

“We believe that every father deserves the chance to succeed both professionally and personally,” said Biram Fall, Regional General Manager, QNET Sub-Saharan Africa.

“Our mission is to provide fathers with the opportunities and resources they need to achieve their goals and support their families.

“Through our business opportunities and health-promoting products, we are dedicated to empowering fathers to build better lives for themselves and their loved ones.”

In addition to business opportunities, QNET offers a variety of products designed to help men lead healthier and more fulfilling lives.

This Father’s Day, QNET is highlighting two exceptional products that exemplify this commitment: QAlive and the Bernhard H. Mayer 150th Anniversary timepiece.

QAlive is a plant-based supplement that naturally increases testosterone levels for men’s complete health and performance. Packed with essential nutrients and antioxidants, QAlive supports immune function, boosts energy levels, and helps fathers stay healthy and active.

The Bernhard H. Mayer 150th Anniversary watch is more than just a timepiece; it symbolizes sophistication and success. Designed with precision and style, it is perfect for the modern father who values both functionality and elegance. With its advanced features and sleek design, the Bernhard H. Mayer wristwatch is a testament to QNET’s dedication to quality and innovation.

“Fatherhood is a journey of resilience, sacrifice, and unwavering love. We recognize the profound impact fathers have on shaping the future.

“This Father’s Day, we stand alongside fathers worldwide, offering not just products, but distinct products created through extensive research.

“These products have been rigorously tested and proven effective in promoting good health and wellbeing” remarked Hakeem Ajisafe, Chief Executive Officer, Transblue Limited.

This Father’s Day, QNET invites everyone to celebrate the fathers who work tirelessly to provide for their families and communities. By offering unparalleled business opportunities and top-tier health products, QNET continues to support and empower fathers to reach their full potential.


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Bolt Hosts Second Edition of ‘Bolt Driver’s Football League’ to Foster Unity and Inclusion

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Bolt, a leading ride-hailing platform, continues to strengthen its bond with driver-partners by hosting the second edition of its ‘Bolt Driver’s Football League’ in Lagos on Wednesday.

The second edition tournament, themed “Fostering Unity and Inclusion”, aimed to enhance the relationship between Bolt and its driver-partners. The event underscored the platform’s commitment to the well-being of its drivers, recognising the essential role they play in the ride-hailing ecosystem.

Organised in partnership with the Lagos State Ministry of Transportation, OneHealth by AXA, Oraimo, and Mycovergenius, the event was a resounding success.

Bolt driver-partners from various locations across Lagos participated enthusiastically in the mini football tournament. The event featured knockout matches between four teams formed by the drivers, showcasing their sporting skills in a spirit of camaraderie and healthy competition.

In addition to the football matches, the event offered a safe and enjoyable playground for the children and families of the drivers. They spent the Democracy Day holiday engaged in games, activities, and entertainment, making the event a memorable occasion for all attendees.

Giving the opening remarks, the Director of Public Transport and Commuter Services (PTCS), Engr. Olusoji Adebayo said, “I would like to thank Bolt for organising this brilliant initiative.

“It is indeed an opportunity for Bolt drivers to meet and relate with transport regulators in an atmosphere that encourages cohesion and exchange of ideas, challenges and solutions that is peculiar to Bolt drivers in Lagos State.

“I hereby express my sincere appreciation for the efforts of the Bolt team for organising this event which is important to portray and ensure an attitude of excellence and professionalism among the e-hailing operators in Lagos State.”

Speaking at the event, Yahaya Mohammed, Bolt’s Country Manager said, “We believe in fostering a strong sense of community and building meaningful relationships with our drivers. Through initiatives like this, we are not just a ride-hailing platform; we are a supportive and vibrant community that values the contributions of our drivers.

“Together, we are driving towards a future of excellence in service and driver empowerment. I am thrilled to witness the incredible comradeship and passion displayed by our drivers today. This event exemplifies Bolt’s unwavering commitment to driver engagement and satisfaction”

Weyinmi Aghadiuno, Acting Head of Regulatory & Policy Africa at Bolt, expressed enthusiasm about the event, saying, “We are thrilled to host this novelty football competition as a way to bring our driver community together in a spirit of unity and inclusion.

“Our drivers are the backbone of our service, and this event is our way of showing appreciation for their hard work and dedication. By creating opportunities for our drivers and their families to connect and engage in a fun, relaxed setting, we aim to strengthen the bonds within our community and celebrate the diversity that makes us stronger.”

The event concluded with the presentation of medals and trophies to the top three teams, along with outstanding prizes for participants. The winning team received a cash prize of N500,000 plus an additional N200,000 from the Lagos State Ministry of Transportation.

The runner-up team was awarded N350,000 plus an additional N150,000 from Oraimo, while the third-place team received N250,000. In total, the cash prizes amounted to 1.3 million naira. Additionally, exciting prizes were won by female drivers and other attendees during the raffle draw.


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9PSB CEO says Women are Breaking Barriers in Fintech and SMEs

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9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion, has echoed the impressive progress demonstrated by the female professionals and entrepreneurs in the fintech sector, and Small and Medium Scale Enterprise (SMEs) at this year’s Digital Pay Expo and Exhibition held at Eko Hotel and Suites, Victoria Island, Lagos.

The year’s event themed, Redefining Payment,’ focused and analyzed the payment habits of the Millennials and Gen Z, the largest generation groups. It spotlighted the crucial effects of the group on the payment world to continue to develop solutions that will gain their loyalty and that of the total market.

Speaking at the session, Women in Fintech, themed, Inclusive Finance for SMEs, designed to mentor participating female undergraduates across institutions of higher learning in Lagos State, the Managing Director and Chief Executive Officer, 9 Payment Service Bank (9PSB), Branka Mracajac, emphasized that women are making significant breakthroughs in the fintech sector and in Smal and Medium Scale Enterprises in recent years compared to what was obtainable in the past.

Although, women are still contending with the male counterparts for positions, it is evident that many women are assuming key executive positions in the finance and fintech sector, as well as other areas of human endeavours. The fintech industry is striving to improve the situations occasioned by gender disparity, inclusivity, and financial inclusion to ensure equal growth and opportunities.

In her words, ‘’Women are founding many business entities and SMEs, it is important to have the right mindset, work hard and put in more efforts to educate yourselves, acquire the right expertise and skills, network and find someone who will inspire you and the opportunities would present itself. We need more prominent professional women leaders in fintech to inspire young girls. We did not have this in my time, but the dynamics have changed. Women should stay focused, connected, and look for opportunities to kick-start their careers’’.

Other female Chief Executive Officers in the fintech sector who also formed part of the session are Ronke Kuye, (Shared Agent Network Expansion Facilities Limited, SANEF Nigeria); Dr. Markie Idowu (Xpress Payment Solutions Limited); Kemi Okunsanya (Hydrogen, Nigeria), and Yemi Keri (Heckerbella Limited).

They also shared pieces of advice to the young undergraduates on the need to have mentors who have attained progressive stages of career growth; build good rapport; have improved social capital, utilize the social media as a means of communication; and communicate their capability, competencies, and experience.

In addition, they advised them to offer their best and be ready to add value to prospective organizations they will be employed in. Furthermore, the youngsters were also implored to build and keep relationships with colleagues and ensure leave on a good note whenever they meet people, because the future is unpredictable.

Digital Pay Expo is a yearly event designed to bring together industry regulators, fintech top executives, and innovators in the fintech and payment solution space to collaborate and move the industry forward.

The platform provides a unique opportunity for industry players to discover new innovative cases and technologies that will accelerate the much-needed growth in the fintech ecosystem.


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