New NIPOST Licence Fees For Logistics Companies Not Approved- Minister
“Your Chair and PMG were YESTERDAY contacted to put the implementation on hold and send a report to our ministry by Monday.”
Nigerians have condemned the increase in licensing fees.
The new regulations categorised logistics companies into international, regional, state, municipal or intra-city, and SME operators.
International operators are to pay ₦20 million as a license fee, national ₦10 million, and regional operators ₦5 million.
State, municipal and special SME operators are to pay ₦2 million, ₦1 million, and ₦250,000 respectively. Each operator, irrespective of the category, will pay 40% of the license fee as a renewal fee annually.
NIPOST said in a statement that the fee was introduced as a part of new regulations aimed at upping ease of doing business, ‘rejigging’ the logistics and courier sector of the economy and improving the efficiency of the players in that sector.
Already, logistics companies are closing down, some temporarily until they can deal with the challenges of paying the fees and constant harassment in the hands of officials, who claim they work for NIPOST and local governments.
