NIPOST urges MDAs to use stamp duties to boost economy

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Malam Mori Baba, Post Master General of the FederationABUJA – The Nigeria Postal Service (NIPOST) on Wednesday called on Ministries, Departments and Agencies (MDAs) to be proactive in the use of stamp duties to boost the country’s economy.

Malam Mori Baba, Post Master General of the Federation, made this call at a two-day on stamp duties Act organised by NIPOST in with stamp duties agents in Abuja.

The theme of the is “Implementing stamping protocol in Nigeria’’.

He urged the MDAs to do ensure they generate revenue for the country through the use of stamp duties.

He said NIPOST would continue to create public awareness of the existence of stamp duties.

Baba commended Jigawa and Osun states for their full compliance with the provision of the Act by their respective MDAs and advised states to emulate them.

The post master general said implementing the stamping protocol would help promote the reform programmes of Goodluck Jonathan’s administration.

of the enduring legacies which the present administration will be leaving for us is the reform programme.

“This, apart from creating an enabling environment for attracting local and foreign investments, has broadened the scope and depth of sector in the economy,’’ he said.

Baba explained that this had made it possible for more people and to be brought into the system because the stamp protocol Act had made it expedient for generation of new jobs.

According to him, the will assist to further develop a road map for the success of implementing the stamping protocol in the country.

He said NIPOST was partnering with more 10 companies to broaden the scope of implementing the stamp duties Act.

Baba explained that adhesive stamps were used by the colonial administration to settle the challenges of land disputes.

of the greatest milestones of the 19th century is the advent of postage stamps which contributes in serving as an effective visual communication use by the country to its values,’’ he said.
The Guest Speaker, Mr Christopher Muo, said the implementation of stamping protocol would eliminate the issuance of fraudulent and doctored receipts in Nigeria.

Muo said the implementation of an appropriate stamping of receipts, documents and registrable instrument would reduce fake documents in the name of any office, or agency of government.

According to him, it will also block revenue linkage at cash point, thereby making the receipting process audit-verification friendly.

“It will eliminate the issuance and use of fake, fraudulent or doctored receipts or certificates purportedly issued by a inspectorate.’’

According to him, if the stamping protocol is properly implemented, it will the revenue income profile of any office, establishment, ministry, agency and institution.

He, however, called on the National Assembly to holistically the Poster Service Act in order to enforce stamping protocol as a function of NIPOST.

He also recommended that electronic stamps as a class of stamp should be minted, produced, distributed, retailed and sold by NIPOST to increase revenue generation for the country.

Muo also pleaded with the National Assembly to amend Section 11 of the constitution to include Section 11(3).

This would ensure the recognition of NIPOST and its agents as the sole authority to provide adhesive postage stamps for use in implementing the stamping protocol.

The Stamp Duty Act was first promulgated on April 1, 1939, enacted and enforced in the then colonial Nigeria as the Stamp Duties Ordinance.

However, in 1990, it was updated as the Stamp Duties Act and was holistically reviewed in 2004 and re-enacted as the Stamp Duties Act Cap.S8 LFN 2004. (NAN)[eap_ad_3]