Business

BPE commences NIPOST restructuring, hires KPMG

ATCON demands enabling environment to achieve 70% broadband penetration

The Bureau of Public Enterprises (BPE) has commenced the process of restructuring the Nigeria Postal Service (NIPOST) as it has hired KPMG LLP to advise it on plans for the “restructuring and modernization” of the state owned outfit.

According to an email statement from BPE, the Minister of Communication, Adebayo Shittu was quoted as saying that the six-month contract will ensure the postal company is “commercially viable and attractive to customer,”

Read also: National Insurance Commission decries low capital base of Nigerian insurance companies

The Nigeria Postal service Department came into being with the establishment of the Nigeria Telecommunications Limited (NITEL) on January 1, 1985.

NITEL emerged from the merger of the Telecommunications arm of the defunct Post and Telecommunications Department of the Ministry of Communications with the former Nigeria External Telecommunications Limited (NET).

The promulgation of decree No. 18 of 1987, made NIPOST an Extra Ministerial Department.

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