The Nigerian Postal Service (NIPOST) has disclosed that the stamp duty policy implementation would serve as a source of huge revenue base for the country.
Speaking in Lagos with the News Agency of Nigeria (NAN), Mrs Valerie Ekeogu, the Corporate Affairs Manager of the Lagos Island Territory of NIPOST said that the stamp duty would give government extra income to build infrastructure.
She stressed that; “The funds will stabilise NIPOST as an organisation that is over 100 years and has, hitherto, not been well funded. The stamp duty fund will resuscitate NIPOST and reposition it in boosting the economy of the country,” adding that the injection of whatever percentage the government would give to NIPOST would go a long way to revitalizing and propelling the company to greater heights.
Mrs. Valerie Ekeogu further urged Nigerians to support the stamp duty policy, pointing out that the benefits of the policy to both the public and government could not be over-emphasised.
She added that the funds injected into NIPOST from the scheme will help revitalise the company while adding that the fund will give succour to the more than 10,000 people working in NIPOST and motivate them to work harder.