Tola Odeyemi, the postmaster general and CEO, claims that the Nigerian Postal Service (NPOSTS) has over $ 10 billion in revenue, exceeding its projected potential, and indicating a significant shift in its national relevance.
Odeyemi, who spoke on The Beam with Soonest Nathaniel, revealed that the organization’s last year exceeded the $10 billion annual benchmark, a significant achievement for a company that is frequently regarded as a legacy relic.
As the discussion centered on “Beyond Stamps: The Reinvention of Nigeria’s Postal Power,” she stated, “We actually surpassed ten billion last year, and that was just by digitizing some of our processes and plugin leakages.”
She argued that 10 billion naira is a scratch for the Nigerian Postal Service, not to mention how much money can be made from the major services of NIPOST given the organization’s recent improvements to ensure efficient service delivery and increased revenue.
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Odeyemi outlined several transformation plans, including leveraging the National Addressing System to improve financial security and inclusion, as well as enhancing digital services like PostMoni.
Notably, she noted that the Nigerian Police could combat crimes and improve emergency responses if they adopted NIPOST’s addressing framework.
She argued that “policing is easier, crime prevention is easier, planning is easier, and even things like the census are easier” if we can say that this person, or this entity, is connected to a specific location.
Odeyemi did point out that the addressing system supports things like drone deliveries and even the delivery of other government services right to people’s doorsteps in addition to reducing crime.
The Postmaster General stated that NIPOST is actively positioning itself to become fully self-sufficient in five years thanks to new revenue sources and improved service reliability.
Odeyemi addressed service concerns by addressing past issues involving lost or mishandled packages while reassured the public that more advanced logistics systems and stricter security procedures are in place.
When questioned about restoring public trust, she emphasized the significance of rebranding NIPOST as a civic institution of the 21st century that has a significant impact on the nation’s digital economy.
“In five to ten years, I would like to see NIPOST become a national pride institution because we can count on it, because it’s reliable, and because we need it,” she said. adding, “a NIPOST that is completely digital but still accessible to underserved areas, rural areas, and urban areas.”
The Postmaster General’s wish for NIPOST to become a reliable and efficient national institution that promotes inclusive economic prosperity.
Source: Channels TV
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