NIPOST Surpasses ₦10 Billion Revenue, Eyes Bigger Role in Nigeria’s Digital Economy

The Nigerian Postal Service (NIPOST) has recorded a major revenue milestone, generating over ₦10 billion in the last fiscal year, as it intensifies efforts to reinvent itself as a key player in Nigeria’s fast-growing digital economy.

According to the Postmaster General and CEO, Tola Odeyemi, NIPOST exceeded the ₦10 billion benchmark through strategic digital transformation, enhanced service delivery, and plugging financial leakages within the system.

Speaking on Arise TV’s The Beam with Soonest Nathaniel, Odeyemi emphasized that the revenue leap is just the beginning of what NIPOST can achieve. “₦10 billion is a scratch. With the right structures, NIPOST can generate far more,” she said during the conversation titled Beyond Stamps: The Reinvention of Nigeria’s Postal Power.

Driving Growth Through Digital Transformation

Odeyemi outlined several initiatives fueling the agency’s resurgence, including:

• Digitization of Core Processes: Streamlining operations to improve efficiency and eliminate revenue leakages.

• E-commerce Integration: Collaborating with Nigeria’s booming e-commerce sector to handle logistics and deliveries.

• PostMoni & Digital Services: Expanding financial services to promote inclusion, especially in rural areas.

• National Addressing System: Enhancing location data accuracy to support emergency response, security, census planning, and future innovations like drone deliveries.

She further noted that if adopted by institutions like the Nigeria Police, NIPOST’s addressing system could revolutionize crime prevention and national planning. “Tying people or entities to specific addresses improves policing, planning, and even delivery of public services,” she explained.

A Future-Focused NIPOST

Looking ahead, Odeyemi said NIPOST aims to achieve full financial sustainability within five years. This vision is anchored on creating new revenue streams, optimizing logistics, and rebuilding public trust through reliable service delivery.

Addressing past concerns about lost or stolen parcels, she assured Nigerians that upgraded logistics systems and strict security measures have been implemented to safeguard customer items.

Reimagining NIPOST for the Digital Age

Odeyemi expressed her ambition to transform NIPOST into a 21st-century civic institution that is efficient, trusted, and inclusive. “I want to see a NIPOST that is a source of national pride — digitized, reliable, and accessible to all, from rural communities to urban centers.”

She concluded by stating her commitment to making NIPOST a catalyst for inclusive economic growth and a foundational part of Nigeria’s digital infrastructure.