NIPOST targets N1tn revenue annually

In from Ali Smart …
Nigeria Postal Services (NIPOST) has the potential to generate at least N1trillion annually into the national coffers, the Senior Assistant Postmaster-General, NIPOST, Mr. Irimiya Kulawe has said.

The NIPOST boss gave this assurance on Saturday during the sensitisation workshop organised for NIPOST’s customers within Plateau territory held at the Federal Secretariat in Jos, the state capital.

Upbeat, Kaluwe said: “The agency has gone round preaching for compliance on the stamp duty act in the country and we have noticed improve compliance by some organisations and government agencies.”

Expatiating, he said: “If government and private organisations in the country can adhere strictly to this act, the Federal Government would realise nothing less than a trillion naira, even when NIPOST is not a revenue generating agency.”

Kaluwe pointed out that the agency works in accordance with the enacted Stamp Duties Act of the country since 1939.

Read also: New customs boss sets N35bn weekly target for area commands

“The Act not only empowers the agency to sell adhesive stamps to government agencies on various purpose and monitored compliance, it also empowers NIPOST to report to appropriate government agency, any organisation that fails to affix N50 stamp on receipts issued in acknowledgement of payment.”

Echoing similar sentiments, Area Postal Manager in charge of Plateau territory, Mrs. Danso Olayinka, said the workshop was aimed at sensitising government agencies, private organisations and individuals on the importance of stamp duty.

“Any transaction of cash receipts above N1, 000 without N50 postage stamp affixed as stamp duty is not valid and we have launched public enlightenment campaign to sensitise the general public on this.”

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