Government to convert NIPOST offices to bank branches and IT Centres

With the dwindling fortunes of the postal system worldwide, especially with the emergence of the internet, the federal government is moving to shore up the image of Nigerian Post Service (NIPOST) by converting many of its branches to bank branches and internet service centres. The Ministry of Communications Technology, NIPOST, and the Central Bank of Nigeria (CBN), in collaboration with the Infrastructure Concession Regulatory Commission (ICRC) and the Bureau of Public Enterprise (BPE) have embarked on a project that will result in leveraging the postal network to deliver financial services not only in areas that are unserved by financial institutions such as banks but also to people that are traditionally marginalised by such institutions.

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