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Illegal courier firms deny Nigeria millions in revenue

07 August 2013, 12:06

Lagos - Illegal courier companies are depriving the Nigerian economy of at least N20 billion (US$120 million) in revenue annually.

This is according to the Nigeria Postal Services (NIPOST), which bemoaned the prevalence of such firms in the country.

"We have a postal industry that is worth an average of N300 billion per annum. However, we have unlicensed courier companies that, if their work is put together, we are talking of losses of not less than N20 billion.

"One can see the worth of the industry and the losses we incur through the operations of illegal courier companies,”NIPOST Regulatory Department of NIPOST Senior Assistant Postmaster, Simon Emeje, said in Lagos.

He said such losses were sabotaging the nation’s developmental and transformation agenda.

"Each company that operates without a license does that to the detriment of the country in terms of loss of money and job opportunities," added Emeje.

NIPOST has recently embarked on an exercise to shut down illegal courier companies.

Nigeria has 286 registered courier companies.

Of these, 150 are operational and employ about 3 000 people.

- CAJ News


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