Following the unused vast land assets of NIPOST across the country, the Minister of Communications, Mr Adebayo Shittu, said on that the ministry plans to establish a Nigerian Postal Service (NIPOST) Property Development Company.

Shittu expressed this to the News Agency of Nigeria (NAN) Forum in Abuja.

In his explanation, “we thought that instead of leaving this land completely underutilised, we can also lease part of it to private developers to develop these landed property into shopping complexes, offices, shopping malls, markets and even into paid garages so as to provide services to members of the public”.

The minister said that NIPOST would also introduce transport and logistics services with its array of vehicles. To generate revenue for the agency, he said that the vehicles were being underutilised merely as mail vans and most of them were lying waste, and could be converted to commercial uses. “We are introducing what we call NIPOST transport and logistics services, these vehicles are being under utilized in our estimation because it merely carries mails. We could accelerate the benefit of these vehicles by also utilising them to help in carrying merchandise for people” he said.

He called on Nigerians to use these ventures when they are finally in the public domain for more revenue to be generated for the government. He expressed that with more income, the government would be better placed to improve the quality of life of the citizens.