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Latest NIPOST Regulation of Courier Service, What you'll want to know | WiadNews

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Latest NIPOST Regulation of Courier Service, What you’ll want to know

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NIPOST regulates logistics business

If you happen to function a courier or logistics enterprise or service in Nigeria, you may need to pay rapt consideration to this write up.

Prior this time, there has at all times been a regulation of the courier/logistics trade by the NIPOST Courier Regulatory Division; it was apparent this regulation was not enforced on small scale logistics companies, SMEs, whose operation is confined with simply proudly owning bikes with operations inside the state, not till lately when the information began sprouting a few 2 million naira license for all logistics firms earlier than they will proceed to function.

The query now could be, WHY NOW?

What occurred with the enforcement of this coverage prior this era.

Moreover I believe regulation is of essence in an trade the place there’s monopoly, excessive mounted prices, a bent towards damaging competitors and eventual collusion, however then, now we have over 300 logistics firms in Lagos alone with a wholesome aggressive pricing; so that you marvel what the essence of this regulation is, apart from getting cash off these small companies.

Additionally, most likely the COVID-19 pandemic has created extra enterprise alternatives within the logistics trade, therefore the federal government now desires to give attention to tapping into it as nicely which isn’t an issue, however the place the issue lies is in a bid to creating it troublesome for SMEs, climbing the licensing price and its renewal charges.

As said on the Courier Regulatory Division’s web site, Utility kind is N11,000 in comparison with the latest N20,000 it’s now been charged for.

Additionally, fee of a non-refundable license charge of N1,000,000 is what’s displayed on the division’s web site as at right this moment of writing this text, versus the latest information of a N2,000,000 invoice.

That isn’t all, the division’s web site has the annual renewal charge of N252,500 versus the latest N350,000.

How can SMEs survive these arduous instances with all of this?

In the meantime, simply right this moment we had been capable of collect through an Instagram web page referred to as logipreneurs that there’s a new plan for small companies, SMEs with a most variety of 5 bikes; the place the applying kind is N20,000 with a licensing charge of N250,000 (see the picture beneath)

Nipost regulation logistics company Nigeria

It has been mandated that each one courier/logistics firms get this license or stop to function; those who default can be prosecuted in accordance with the postmaster common.

We will collect extra data and share with you proper right here on SME Digest!

Within the meantime, begin prepping your logistics firm for the license which additionally means your organization have to be integrated, with firm’s tax clearance for the final three years, proof to point out capability to function courier service together with however not restricted to indemnity insurance coverage coverage of 5 Hundred Thousand Naira, capital base of Two Million Naira or a bond of that worth, and so forth.

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You possibly can as nicely go to the Courier Regulation Service on the Communication Home (third Flooring)
Lafiaji, Obalende, Lagos, Nigeria. Their operation days because of the lockdown are Mondays, Wednesdays and Fridays.

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