NIPOST Reform Won’t Cause Job Loss – Okoh Discloses

Mr. Alex A. Okoh, The Director General Of the Bureau of Public Enterprises ( BPE) has assured the workers of Nigerian Postal Service (NIPOST) that the on-going reform of the postal service will not affect job but will rather create more jobs in the subsidiaries that would emerge after the reform.

Receiving the leadership of the National Union of Postal and Telecommunications Employees (NUPTE), led by its President, Rev. (Dr) Nehemiah G. Buba which paid him a courtesy visit on Wednesday, the Director General said that NIPOST after the reform would still remain 100 percent entity of the Federal Government as the reform only aims at commercializing its services and making it robust to deliver more efficient postal service.

BPE Head Public Communications, Amina Tukur Othman disclosed this in a statement Wednesday.

In the statement, Okoh informed the labour leaders that already three commercial ventures-NIPOST Properties & Development Company; NIPOST Transport & Logistics Company and NIPOST Microfinance bank Limited have been carved out of NIPOST which the Bureau had completed the registration of NIPOST Properties & Development Company and NIPOST Transport & Logistics Company at the Corporate Affairs Commission (CAC) while the process for registration at CAC and also that of obtaining regulatory approvals from the Central Bank of Nigeria (CBN) for NIPOST Microfinance bank had also commenced.

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The Director General reiterated that the benefits of the reform of the sector include, the Provision of efficient postal services and utilisation of vast assets of NIPOST across the country; reduction in funding from the treasury in terms of subventions to NIPOST and the operation and growth of ancillary services and business to enhance the overall efficiency of NIPOST to create more job