Cost Of Courier Services To Rise As NIPOST Introduces New Policy

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Cost Of Courier Services To Rise As NIPOST Introduces New Policy





Following the increased cost of licences for logistics and courier companies by the Nigeria Postal Service (NIPOST) cost of courier services are expected to rise soon.

According to the new charges by NIPOST, companies which provide international courier services like DHL, UPS and FEDEX, are expected to pay N20m for a new licence and N8m annually while those offering national services are expected to pay N10m for licence and N4m yearly for renewal.

Logistics companies operating within regions are expected to pay N5m for licence and N2m annually.

For firms operating within states, the cost of procuring a licence is N2m while renewal costs N800,000.

Courier firms that operate within municipalities are to pay N1m for licence and N400,000 annually.

For Small and Medium Enterprises, the licence is N250,000 while the annual renewal of the licence is N100,000.

Due to the Covid-19 pandemic, many firms had taken their businesses exclusively online and depend on courier and logistics companies to deliver goods to their customers.

It was further learnt that NIPOST had already started arresting dispatch riders and seizing their vehicles.


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