Nigerian migrant workers remittances into the country annually has been estimated to be between $23 and $24 billion into the country.
Following this revelations, the Nigerian Postal Service, NIPOST, has made a resolve to tap into the money remittances.
Post Master-General of NIPOST, Adebisi Adegbuyi who revealed this in Ilorin after his visit to the service’s facilities, said “we are going to start financial services. We stand to make a lot of money from remittances in Africa. Our migrant workers all over remit home between 23 and 23 billion Dollars every year.
“That is the formal aspect, the informal sector has not been captured and our people pay 12 percent on each of the remittances. When post office is involved they will bring down the cost of remittances.
“I appeared on global forum on investment, remittances and development in New York and we had a roundtable on the role of postal operations in remittances. They can’t push Nigeria back because we have the number here.
“E-commerce is one area that is exponentially growing. People are buying in stocks on line. If they are buying stocks online, necessarily those parcels must be delivered by an institution and the institution that is better placed to do that is of course NIPOST because of our reach, world. Another issue that is a problem all over the world is addressing system.
“The masters in that area are coming. We have signed MOU with WorldThreeWords, It is a UK based addressing solution company. We have signed MOU with Risket, it is a South African based company, they are bringing their expertise, technology and funds.”
He however, warned those who had encroached on the property of the service to give them up.
On the encroachment on NIPOST landed property, he said: “Unfortunately, the past is history. I have a lawyer for about 30 years and I am into real estate. That is my turf. Unfortunately, again, it does appear to me that management had slept on their rights.
