|Mr. Muda Yusuf, Director General LCCI|
has urged the National Assembly to halt the progression of the Nigeria Postal
Commission Bill currently before it.
a statement in Lagos on Sunday, said that the bill, if passed, might jeopardise
about N300 billion investments in courier services business and could lead to loss of 100,000 jobs.
current form will put over 100,000 jobs in the courier sector at risk and will
as well put over N300 billion investments in courier services business in
Nigeria and the country is already grappling with enormous perception problems
Ease of Doing Business agenda and the fundamental principles of the Economic
Recovery and Growth Plan of the Federal Government.
passed by the Senate, awaiting concurrence by the House of Representatives. We
appeal that the progression of the bill be halted and the hurtful provisions
about the provision of imposition of an annual levy of 2.5 per cent on the
turnover of courier companies to be paid to the proposed Postal Services
burden on courier companies and it is outrageous, having regard to the numerous
taxes and levies already being paid by the courier companies.
cent, VAT, education tax, airport charges, FAAN charges, several taxes imposed
by the states, local government charges and signage fees of various states.”
conferred on the proposed postal services commission to fix rates for courier
worries over the monopoly privilege conferred on the Nigerian Postal Service
for delivery of items weighing 1 kilogram and below.
regulation which should not happen. Courier service is not a social service.
player to design its business model for survival and sustainability.
ensure a virile competitive environment among service providers, not by fixing
courier companies was not only counterproductive but would stifle investment in
the sector and give very adverse signals to potential investors in the economy.
defunct NITEL is instructive and dictates that such a legislation that seeks to
confer monopoly privilege should not see the light of day.
subjected to such an arduous regulatory provision and requested that the bill
be urgently reviewed in the interest of economic progress and citizen’s
News Agency of Nigeria