NIPOST has just declared war on SMEs in Nigeria, sadly on the eve of the #LagosSMEbootcamp. Logistics has become a flashpoint of trade during COVID, many SMEs relying on it for transactions, & many youths who lost income elsewhere investing. What is happening is a tragedy. Thread
NIPOST is one of those regulators in Nigeria that doubles as a player, ie also competing with Nigerians who struggle to make the system better. An inefficient regulator stifling the growth of the sector to Favour its inefficiencies. I have two friends in entertainment, a DJ & MC.
Their business halted. Both have invested in logistics. The volumes of delivery transactions shot up as retail moved online & transactions moved from physical to virtual. Logistics became the biggest enabler to tech for trade. The largest part being SMEs. NIPOST wants to kill it.
NIPOST is asking SMEs that want to operate within Lagos to pay N2,000,000 and then N800,000 annually. I am confident that NIPOST did not use any data or logical reasoning to arrive at this pricing. It points solely to a libidinal urge for more money, which again will be siphoned.
I’m so pained that SMEs contribute so much to this economy, most on survivalist mode, and callous regulators like @NipostNgn will ruin it. Arresting & impounding riders. A tragedy. I recall @DrJoeAbah spoke highly of them, I hope you can help engage them Sir. #NoToNIPOST
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