news-details

FG offers MSMEs 15% discount on logistics services

This initiative, in partnership with the Nigerian Postal Service, aims to enhance business conditions, boost sales, and reduce operational costs and will commence on August 26.

The Director-General of SMEDAN, Mr Charles Odii, said this while signing a Memorandum of Understanding with the Postmaster-General of NIPOST, Mrs Tola Odeyemi, on Wednesday in Abuja.

Odii described the collaboration as a direct response to feedback from SMEs regarding the high cost of logistics and its negative impact on sales.

High transport costs severely impact MSMEs in Nigeria by escalating their operational expenses, which diminishes profitability and can limit their competitiveness in the market.

He said, “We are signing today an offer of 15 per cent discount on logistics for small businesses and maybe in another three months the postmaster can make it 50 per cent or review it better.

Related Posts
Advertisements
Market Overview
Top US Stocks
Cryptocurrency Market