Senate Holds Public Hearing On Bill To Empower NIPOST To Collect Stamp Duty

Senate Holds Public Hearing On Bill To Empower NIPOST To Collect Stamp Duty

Nigeria – The Senate Committee on Communications has organized a public hearing on two bills.

One of the proposed legislation, among others, empowers the Nigerian Postal Service to collect stamp duty for the Federal Government.

Nigerian Postal Service and Federal Internal Revenue Service had been having issues over which of the government’s agencies is constitutionally empowered to collect stamp duty in the Country.

The bills are the Nigerian Postal Service Act Repeal and Establishment Bill, 2021 and the Nationwide Toll-Free Emergency number Establishment Bill, 2021.

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The Post Master General of the Federation, Dr Ismail Adewusi, urged the National Assembly to expedite work on the bill, saying that the present Act was obsolete and inadequate in view of the rapid development and changes in the industry.

He said passing the bill into law will not only bring the country at par with other countries which had reformed their postal sectors, but also boost postal revenues of the government and encourage local and foreign investments in Nigeria’s postal industry.

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