Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Business Matters»Postal reforms bill hostile, might collapse logistics industry

    Postal reforms bill hostile, might collapse logistics industry

    Business Matters By Temitope N.Sep 1, 2021No Comments3 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    Nigeria International Air Courier Association (NIACA) and Association of Nigerian Courier Operators (ANCO) have said the proposed postal reforms bill will undermine the industry thereby leaving the logistics sector in comatose.

    ANCO 640x360 1
    Chief Operating Officer, UPS, Michael Umoh (left); Managing Director, Fedex, Shola Obabori; Managing Director, DHL, Muyiwa Adesiyoju; President, Association of Nigerian Courier Operators (ANCO), Okey Uba; and Chairman, Nigeria International Air Courier Association (NIACA), Oladipo Akinyele at a joint press briefing on proposed postal reforms bill in Lagos.

    According to the duo, the bill, which they say has not addressed their concerns, does not capture their contributions during the public hearings and meetings at different levels of government.

    Indeed, the postal reforms bill has reached the second reading stage at the National Assembly. The associations at a joint press briefing in Lagos yesterday, appealed to the government to rethink the bill as they believe that such will compound the unending cycle of problems already bedeviling the industry.

    President, ANCO, Okey Uba, stressed the need for the associations to clearly declare their stand on the postal reforms bill currently being passed by the lawmakers.

    Uba complained about their declining margins due to the rising cost of doing business, poor infrastructure, cost of funds, access to foreign exchange rate, power and security among other challenges stifling the industry.

    See also  PROLIM Sponsors Booth at the Annual Michigan Minority Procurement Conference

    He, however, urged the government to consider the peculiarity of the environment in discharging regulatory tactics. Among major grey areas in the bill is the requirement mandating courier operators to remit two per cent of their yearly turnover to the government.

    Uba said with declining margins and running cost, the law would definitely run courier operators out of business and lead to massive job loss within the industry.

    He said operators are willing to work with best practice where one per cent of net profit is remitted yearly or the government can introduce a two per cent postal contribution, which would be borne by the consignor.

    Chairman, NIACA, Oladipo Akinyele, said issues of exclusivity for Nigerian Postal Service (NIPOST) to handle consignments weighing up to 1kg is worrisome as this could jeopardise small businesses who rely on their swift services.

    Akinyele appealed to the government to consider safe and efficient logistics as well as maintain a level playing field to allow for competition and not monopolise that aspect of the business.

    See also  XTIVIA Acquires Strategic Sales Systems

    Chief Executive Officer, Redstar Express Plc, Sola Obabori, said it was unfair for the government to cancel the license of existing operators on the grounds of reform, stating that the government should consider recertification to keep operators in business.

    On the issue of stamp duty, Obabori said with the nature of their business being voluminous, a digital approach would make compliance a lot easier and more efficient

    However, NIACA and ANCO reiterated that the agitation to improve the industry has been a long-standing battle and that as far as engaging the government is concerned, the associations have been very present and open to dialogue.

    They mentioned that several letters have been written and that they have had countless meetings without much impact with hope that the government could go back to the drawing board and embrace ideas that would encourage inclusion and favourable market conditions for all stakeholders.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    logistics
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Five Ways To Analyze The Forex Market

    Dec 22, 2022

    Why FG is investigating Mikano, Jubali Brothers, JMG over generator importation

    Dec 15, 2022

    Food Inflation: Average price of tomato rises 30% in one year – NBS

    Oct 28, 2022

    Governors warn that CBN’s proposed loan recovery from FAAC revenue is “suicidal”

    Oct 22, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Get Social with Us
    • Facebook
    • Twitter 6.5K
    • Pinterest 93
    • Instagram
    • YouTube
    Latest Posts

    Banks Don’t Have New Naira, Money Changers Are Taking Advantage – Whitemoney

    Jan 31, 2023

    Robertson Is Right To Say Liverpool’s Struggles Keep Getting Worse – Richard Keys

    Jan 31, 2023

    Secure Yourself As A Nigerian, Security Agencies Won’t – Leo DaSilva

    Jan 31, 2023

    Naby Keita And Oxlade-Chamberlain Don’t Deserve New Contracts – Dietmar Hamann

    Jan 31, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    IOM Backs Sudan Malaria Prevention Campaign

    Jul 25, 2014

    Olly Robot named as CES Innovation Awards Honoree in landmark four Categories

    Nov 14, 2016

    I’ve Not Endorsed Any Aspirant For APC Presidential Ticket, Says Saraki

    Oct 14, 2014

    Imo Assembly Declares Nkwerre Seat Vacant Over Lawmaker’s Defection

    Apr 6, 2022

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?