Pantami hails CBN on reduced cost of e-transactions



Dr. Ibrahim Pantami, Minister of Communications and Digital Economy, welcomed the decision of the Central Bank of Nigeria (CBN) to substantially reduce the cost of electronic cash transactions as well as Automated Teller Machine (ATM), card maintenance fees.

In a statement signed by his spokesperson, Mrs Uwa Suleiman, Panatami said the action of the regulator of the financial sector will in no small measure contribute to the actualisation of a digital economy, as lower service charges will encourage a higher patronage of electronic services, especially in the banking and financial services sector.

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Pantami encouraged all decision making institutions in the country to put in place policies that will give support and key into the digital economy policy of President Muhammadu Buhari.

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