NIPOST eyeing postal banking services

Nigeria’s Minister of Communications, Adebayo Shittu, has indicated that NIPOST is considering plans to set up postal banking facilities in 1,500 branches, according to local sources. Local media sources quote Shittu as saying that the Ministry is also looking at proposals to diversify NIPOST’s activities with new insurance, property development, logistics and e-government services.

Shittu has reportedly submitted proposals to Nigeria’s President Muhammadu Buhari and the Attorney General’s office.

“Until we get presidential go-ahead, it is a waiting game,” Shittu was quoted as saying. “I hope that before the end of this year, we will be able to implement this vision of the new NIPOST that we are looking at.”