NIPOST to offer banking services


The Nigeria Postal Service (NIPOST) will soon introduce agency banking where Nigerians can send money abroad in addition to its courier service delivery.

This was disclosed by the District Manager, Ilorin Post Office, Mr. Goodwin Madulike to Pilot Business during a event organised to commemorate World Postal Day on Tuesday.

He further disclosed that the agency has introduced series of products and projects aimed at reviving the postal system and increasing patronage.

Some of these products, according to him, include reintroduction of money order, electronic stamps, Address Verification System and Agency banking among others.

On the essence of the celebration, he said “The day is set aside for postal administrations to come together to reexamine the activities of postal services in tune with the modern technologies.

“We also try to showcase our new products in the market apart from our core posting responsibility. For instance the introduction of agency banking where Nigerians can easily send money to their loved ones considering the fact that we have offices across the 774 local councils across the country,” he explained.

The NIPOST boss noted that theme of the celebration ‘ Transform to remain an enabler of inclusive development an essential component of global economy’ coined by Postmaster General of the Federation, Mr. Bisi Adegbuyi is targeted at bringing out new potentials of the service to meet the present situations in the country.

Reading the address of the Postmaster General, he explained that the money order is an old product of the postal system that enables customers to send money to their loved ones using the post offices scattered across the country.

He added “The need for financial inclusion was the reason for the reformulation of the product as the spread of NIPOST across the country is in best to advance the course of financial inclusion of the majority of Nigerians, especially rural dwellers.

“This product launched today reaffirms our stance to adopt the multi- activity business model with operations in banking, insurance, real estate and e -Commerce.

“This effort requires strong collaboration with the private sector whose investment capital and expertise cannot be over-emphasised.

“We are indeed getting back on track as we are reinventing, embracing digitisation, redefining our value proposition and developing new products and services.

“In this regard, we require the strong political support that we are already getting from the Federal Government. I can assure you that in no distant future we shall be number one on the African chart.


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