The weak regulatory framework and rapid growth of the courier industry has given rise to bourgeoning illegal operators, leaving in their wake tales of losses and frustration. Illegal courier companies are those that are not duly registered and are believed to outnumber the registered ones. To make matters worse, Courier Regulatory Department (CRD), the policeman of the industry is not sufficiently empowered to pursue the prosecution of illegal operators. The courier sector in Nigeria is one with great potentials, which if properly harnessed is capable of generating millions of jobs and contributing immensely to the Gross Domestic Product (GDP). The independent regulatory authority will help accelerate the pace of the growth of this sector, so that the sector can contribute to national development through job creation and tax revenue.

Source: The Guardian August 07, 2020 04:52 UTC