The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of the regulatory framework of the Nigerian Postal Service (NIPOST) in the interest of the Nigerian economy, business continuity, private sector development and job creation. “We submit that this provision will put too much burden on courier and logistics businesses and make them unsustainable. “Currently, NIPOST is vested with powers to regulate its competitors; this arrangement is unfair, inequitable, and inherently repressive”, Yusuf argued. “This provision will undermine the confidence of investors in the courier and logistics business and should be immediately be repealed. “Failure to do so will attract payment to Nigerian Postal Service of a penalty of 90 per cent of the amount charged on the item by the erring Operator”.

Source: Nigerian Tribune August 03, 2020 09:22 UTC