Business Briefs
THE Nigerian Postal Service, NIPOST, has assured Small and Medium Enterprises, SMEs of its support. Bisi Adegbuyi, postmaster general of the federation, said the support would be done through its digital platforms.
Adegbuyi, who gave the assurance in Lagos, noted that there are several ways the agency can use to enhance and promote small business owners. “We can address the challenges associated with SME business in Nigeria such as lack of access to funds, lack of access to market and inadequate logistics, through our innovative platforms that are now digital,” he said.
Determined to assist the SME business, the e-Commerce department of NIPOST recently went into partnership with technology savvy Nigerians to create the NIPOST market platform that aggregates the products and services of SMEs and internationalise it by taking such products and services to online for the world to see and have access to them, using the NIPOST wide network, the Postmaster General added.
“We are aware that access to credit facilities is a major challenge to SMEs, which is linked to identity management of the small business owners. To address this challenge which has denied SMEs the opportunity to credit facilities, NIPOST is leveraging existing technologies to deploy state-of-art hyper specific addressing system that will help SMEs have genuine identity that could give them access to loans for business expansion.
“With a smartphone with internet connectivity, SMEs can go online and download NIPOST Addressing System from the Google Play Store and they will be given digital address system free of charge, and it comes with the fully digitalised post code.”
Adegbuyi explained that Under the Know Your Customer (KYC) initiative of commercial banks, SMEs with addressing system and post code, could easily be identified and have quick access to soft loans. The NIPOST Address Verification System is ready and will be launched soon. In the past, postal order were used as a means of exchange of money but all that are no more.
“But with technology innovation, we have come up with a robust e-money order that will replace the old manual postal order and it will soon be launched to the public, which we believe will help to further deepen cashless economy and bring in more SMEs into the CBN financial inclusion strategy.
NIPOST, according to him, has the widest network because of its presence in all the 36 states and all the 774 local government areas of the federation, and that the Central Bank of Nigeria has granted NIPOST an international money transfer operator’s licence, that will enable NIPOST start with inbound remittances to drive SMEs businesses in the country.
“We have equally signed an agreement with Western Union and they will be using the post offices as payout. Remittances drive development and our plan is to use the post in sustaining the country’s developmental goals, especially those geared towards SME business, Adegbuyi said.
– Nov. 15, 2019 @ 17:35 GMT |
Tags: NIPOST assures SMEs of business support
