We generated N500 million from Radio license in 6 months – Minister

Minister of communications, Barrister Adebayo Shittu on Wednesday disclosed that his ministry generated a sum of N500 million in 6 months.


While noting that effort was being made to increase the internally generated revenue, the Minister explained that the intention of the ministry to rebrand and reposition Nigeria Postal services NIPOST is to ensure effective operation and increased revenue generation.

Shittu who made stated this while speaking with newsmen in Ibadan also hinted that the plan is to widen the scope of Nigeria Postal services beyond selling of postage stamps and letter delivery.

According to him, NIPOST which has about 1500 outlets across the federation will not only distribute letters but engaged in other services such as e-commerce, investment and property promotion, transportation and logistics services, commodities and merchandise as well as e –government.

He said further that, NIPOST will also partner with developers to convert some of the NIPOST properties into shops and offices for commercial purposes.

Speaking on the radio licensing, the minister maintained that the Ministry has also generated over N500 Million naira from Radio Licensing and they are working taking serious steps toward generating more.

Barrister Shittu also disclosed that the ministry had appealed the judgment that ceded part of the land belonging to some agencies under the ministry to Omo Onile.

He said “Some of the Omo Onile colluded with judiciary officers, and government officials to retrieve the land from the government, they get judgment against us, but we have appealed against it.”