Lagos Chamber Of Commerce Faults Postal Commission Bill

The Lagos Chamber of Commerce and Industry (LCCI) has faulted the Nigeria Postal Commission Bill before the National Assembly.

This was revealed by the chamber in a statement on Sunday where it noted that the bill will work against the private sector investments in the courier business.

The statement noted that the passage of the bill, in its present form, may lead to the loss of 100,000 jobs.

“It is a negation of the ease of doing business agenda of the Federal Government and not in consonance with the fundamental principles of the Economic Recovery and Growth Plan,” the statement read.

It added that “The LCCI is worried, in particular, about the following provisions in the bill; imposition of an annual levy of 2.5 per cent of the turnover of courier companies to be paid to the proposed Postal Services Commission; powers conferred on the proposed PSC to fix rates for courier services; monopoly privilege conferred on the Nigerian Postal Service for delivery of items weighing 1kg and below.”