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NIPOST, CBN to Collaborate on Cashless Policy

10 Oct 2013

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NIPOST office

By James Sowole 


The Nigerian Postal Services (NIPOST) Wednesday expressed its readiness to collaborate with the Central Bank of Nigeria (CBN) by deploying its vast postal network across the country for effective implementation of the cashless policy.

The plan of the NIPOST was disclosed by the Postmaster- General and Chief Executive Officer, Mallam Ibrahim Mori Baba, in Akure, Ondo State, in a message to mark the celebration of this year’s World Post Day.

As part of the celebration, 12 serving and retired members of staff of NIPOST, got various awards for their diligence and hard work to make the postal service relevant despite the challenges of modern technology.

According to Baba, who was represented by the Area Postal Manager for Ondo and Ekiti Territory, Mrs. Nwajei Celine, the NIPOST was positioning itself to meet the challenges of the 21st Century.

“Posts around the worlds are diversifying their products and services to better meet customers’ needs for reliability, speed and security. As e-commerce grows, they are positioning themselves as the delivery service of choice for good ordered online. There is no doubt that posts remain important facilitators of national and international trade in this constantly evolving world.

“This is a logical step because of the postal network’s vast reach. The postal network remains the largest physical network in the world and a fundamental infrastructure that enables large segments of the economy to function”, he said.

The postmaster-general said because of the new challenges, NIPOST had begun the process of training and retraining its staff members in the basic knowledge of computer and online financial transactions to handle the enormous responsibility that would accompany the switch-over to a cashless economy.

He said hundreds of NIPOST outlets across the country would be connected to serve the people as avenues to transact businesses and move funds from one location to the order using a computer network.

Baba said it was the Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, who initiated the involvement of the NIPOST in order not to allow the limitation of banks’ branches to hinder the cashless policy.

He said the Minister of Communication Technology, Mrs. Omobola Johnson, had also shown special interest in the involvement of the NIPOST to ensure the successful implementation of the policy adding that the postal body was already transferring money through a product called ‘postcash’.

Tags: Nigeria, Featured, Business, NIPOST

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