TheCable

Ismail Adewusi (pictured right), the postmaster general of the federation, says the Nigerian Postal Services (NIPOST) is working on retrieving the function of collecting stamp duty from the Federal Inland Revenue Service (FIRS).

Adewusi told NIPOST’s district postal managers after a two-day meeting in Abuja that discussions are ongoing with Isa Pantami, the minister of communications and digital economy, and Abubakar Malami, the attorney general of the federation, in the matter.

According to the postmaster general, NIPOST is also banking on the assurances of both committees of the senate and house of representatives to ensure it resumes stamp duty collection

He said the service could not afford to hold on to its old business strategies any longer; hence the need for the ongoing restructuring to meet modern-day needs.

“We have to align our strategies with modern realities of the digital economy across the globe. NIPOST has very great potentials to play those roles in the new world economic order but it must position itself for that new role. That is the rationale behind our restructuring,” he said.

He said the ongoing business refocusing is needed if the service hopes to survive in a competitive information technology-driven world.

Hinting on the conditions of service, the postmaster general said a committee has been set up to examine all the areas involved adding however that remunerations would be tied to revenue generations.

There had been contention between the FIRS and NIPOST over the custodian of stamp duty after the implementation of the stamp duty act.