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Senate Considering New Law to Privatise NIPOST

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The Joint Senate Committee on Medium-Term Expenditure and Fiscal Strategy has threatened to recommend legislation to fully privatise the Nigeria Postal Service for optimal performance.

Senate Considering New Law to Privatise NIPOST

Senator Sani Musa, chairman of the Senate Committee on Finance, who also chaired the MTEF-FSP joint panel, stated this on Tuesday when Tola Odeyemi, postmaster general of the federation, appeared before the joint panel to defend her agency’s 2024 budget proposal.

Odeyemi incurred the wrath of the senators when she said her agency projected N18 billion as personnel cost for the NIPOST 16, 000 workers across the country.

Musa wondered why NIPOST, whose presence cannot be felt anywhere in the country, could increase its personnel cost from N13 billion in 2023 to N18 billion for 2024.

The explanation of the Postmaster General that the increment was a result of the recent hike in personnel cost by the Federal Government to federal workers did not change the minds of the chairman.

Senator Ireti Kingibe, member of the joint panel, attempted to defend the continued existence of NIPOST as a partially funded agency of the federal government, claiming that every nation deserves its own vibrant postal agency.

She said: ” NIPOST should not be scrapped but should be turned to a revenue-generating agency. The only thing is that the agency was stuck in the 19th Century analogue operation instead of migrating to digital services.

“There is nothing stopping NIPOST from digitalising their offices across the country to offer electronic services for Nigerians, deliver government services at all local government areas and even engage in financial services.”

Kingibe had hardly ended her submission when Senator Osita Izunaso took to the floor to disagree with her.

Izunaso argued that NIPOST as it is currently structured, should not be encouraged if the country is interested in generating revenues to fund its annual budgets.

Ruling on the matter, the chairman of the joint panel said: “NIPOST should have been fully privatised before now because nobody is feeling its impact anywhere in the country.

“We are ready to recommend to the Senate in plenary the full privatisation of the NIPOST, except the Postmaster General convinces us otherwise.

“The CEO of NIPOST should forward to the secretariat of our committee details of her business model and how the agency would be generating adequate revenues for the country through creative ideas.

“Failure to do this would leave the Senate with no other option than to recommend the full privatisation of NIPOST.”

Credit: Daily Post

 

 


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NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme

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National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.

NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme

NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.

NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme

Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.

“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.

“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.

“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.

“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.

“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.

“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.

 

 

 

 

 

 

 


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Visa Launches Subscription Management Solution

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The global subscription market is on a steady rise, expected to reach a staggering $406 billion by 2025. As the trend of consumers subscribing to services in sectors such as retail, food and more increases, so does the challenge of managing their payments.

Recognising this, Visa, a world player in digital payments, has announced the launch of Subscription Manager, a new, all-in-one service for financial institutions to provide Visa cardholders with a simple, convenient way to track their subscriptions, all from the palm of their hands.

In the era of subscription overload, consumers are grappling with the complexities of managing multiple subscriptions across a web of apps. Navigating through each platform’s unique terms can potentially lead to unnoticed charges, even after a subscription is cancelled.

Visa’s new Subscription Manager streamlines key aspects of recurring payments in one place, allowing cardholders to see where their card details are stored, view which recurring payments are attributed to their card, and stop recurring payments.

“Managing subscriptions can often feel like a maze, with consumers sometimes feeling trapped in a cycle of confusing charges,” said Kathleen Pierce-Gilmore, global head of Issuing Solutions at Visa. “Our goal is to make this process simpler and ensure cardholders know exactly where their money is going, and when.”

 


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NAFDAC Warns Nigerians on sale of counterfeit Tandak Injection in Nigeria

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National Drug Law Enforcement Agency (NAFDAC) has alerted Nigerians about the sale of counterfeit TANDAK injection 1.5g powder and water for injection, manufactured by Intracin Pharmaceuticals PVT. LTD C-1, B-53, G.I.D.C Estate, Nadiad- 387001, Gujarat, India.

A statement released by the agency on Wednesday, April 10, says the counterfeit product was discovered in Gombe State, Nigeria, and reported to the Agency by Marcson Healthcare Ltd. – the Marketing Authorisation Holder (MAH).

‘’Tandak® injection of 1.5g powder is a co-formulation of Ceftriaxone 1000mg and Sulbactam 500mg. It is prescribed for use in the treatment of various types of bacterial infections. It fights against micro-organisms by preventing their growth, and further spread of the infection. Ceftriaxone+Sulbactam 1000mg/500mg Injection should only be administered under the supervision of a healthcare professional. the statement read.

The illegal marketing of counterfeit medicines poses a risk to the health of people, since by not complying with the regulatory provisions, the safety, quality, and efficacy of the products are not guaranteed.

NAFDAC has directed all its Zonal Directors and State Coordinators to carry out surveillance and mop up the counterfeit products within the Zones and States.

Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified medicines or medical devices to the nearest NAFDAC office, call 0800-162-3322 or send an email to [email protected].

 


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