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The Nigerian government has said it has replaced the Federal Inland Revenue Service (FIRS) with the Nigeria Postal Service (NIPOST) as stamp duty collector.
Minister of Communications and Digital Economy, Dr Isa Pantami, made the disclosure at the launch of Nigeria’s 60th Independence Anniversary Commemorative Postage Stamps held at the Digital Economy Complex, Mbora, Abuja.
“Our efforts regarding the issue of stamp duty collection with other government Institutions have yielded positive results,” Pantami said.
The announcement by Pantami is expected to end a controversy of over three years over the claims of ownership of stamp duty collections in the country between the two Federal Agencies.
Pantami praised the management of NIPOST and other stakeholders for their resilience, saying it was heartwarming that critical stakeholders ensured that justice was done on the issue.
“We appreciate Mr. President for listening to our complaints, and we extend our gratitude to him and the Senate and House Committees for their intervention in ensuring that justice was done,” Pantami said.
He said challenges of regulation; policy and financing confronting NIPOST over the years are being addressed with a view to place the Agency on a platform that would enable it to generate revenue for the Federal Government.
He said NIPOST would be unbundled into three companies to boost its operations, while efforts are on the pipeline for the Federal Executive Council to approve the renovation and rehabilitation of all its dilapidated offices across Nigeria.
Pantami noted that 97 percent of the rules making procedures of NIPOST is being done to facilitate robust debates on the Acts establishing the Agency.
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