Nigerian goverment plans to kit NIPOST to deliver banking and insurance services

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By Collins Nsiah

Nigeria plans to kit its postal agency, Nigerian Postal Services (NIPOST) with powers toto commence “banking and insurance services”to encourage uptake of mobile money particularly in rural and other under-served locations.


Minister of Communications Barr. Adebayo Shittu announced this at a recent forum on mobile money in Lagos. said this while delivering the keynote address at the Nigeria Mobile Economy


“NIPOST is part of the ministry of communications, there is need for financial inclusiveness particularly for the rural dwellers, and we have started the reforms to introduce banking into NIPOST services. We hope to have NIPOST banking and insurance services,” he said.


Shittu challenged stakeholders to engage government in ensuring the model works. His words: “I will like your advice on how that should be and the type of licenses we would need to run a NIPOST banking and insurance services, your contributions will be regarded as sacrifices for national growth.”

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2 thoughts on “Nigerian goverment plans to kit NIPOST to deliver banking and insurance services

  1. whoah this blog is great i love reading your posts.

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  2. First off, the borrower must look into using a personal loan in various banks to supply the p.

    There is no doubt that no person has actually ever before lived his entire life
    with no any financial obligation either from a pal or even a financing business.
    This also increases profit margin as these services are very cost effective also.

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