The Federal Government has inaugurated the Nigerian Postal Service e-debit card, an agency banking platform, and 27 logistics vehicles for courier services. The Minister of Communications and Digital Economy, Isa Ali Pantami unveiled the NIPOST products, adding that the new products will help in improving transparency and also fight corruption. “It is the first of its kind in Nigeria because it works offline and online, and it is the first time that NIPOST has come up with a solution similar to this and it is indeed a multipurpose card for financial transaction, conditional cash transfer, payment of bills and many more,” he said.
“This is commendable and in alignment with our digital economy for achieving a digital Nigeria. Our target in this country by 2030 is to be completely digitalised.”
Pantami noted that the NIPOST banking platform will improve the financial system especially when it fully becomes NIPOST Microfinance Bank, adding that the platform will also allow NIPOST to conduct financial transactions with Universal Postal Union (UPU) member countries.
“The second product which is the NIPOST banking platform will allow the customers of NIPOST to conduct financial transactions. It is another innovative solution that will make our banking systems much easier and this is also in alignment with our proposal to come up with NIPOST microfinance bank.”
He further said, “So, this is just like a pilot programme of another subsidiary of NIPOST that will come up soon, that is the NIPOST Micro Finance Bank in which we are to leverage on the existing infrastructure of NIPOST and make sure that our citizens all over the country as long as they have access to the post office, they will be able to conduct their financial transactions”.
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