Minister lauds CBN’s electronic transfer fees reduction

By Na'ankwat Dariem, Abuja.

Nigeria’s Minister of Communications and Digital Economy, Dr. Isa Patami.

Nigeria’s Minister of Communications and Digital Economy, Dr Isa Patami, has lauded the decision of the Apex Bank, the Central Bank of Nigeria (CBN), to considerably reduce the cost of electronic cash transactions as well as Automated Teller Machine (ATM) card maintenance fees.

In a statement signed by the Minister’s spokesperson, Mrs. Uwa Suleiman, Dr. Pantami said: “This directive from the regulator of the financial sector will in no small measure contribute to the actualization of a Digital Economy, as low service charges will encourage a higher patronage of electronic services, especially in the banking and financial services sector.”

The Minister also urged all decision-making institutions in the country to enact supportive policies and key into the Digital Economy plan of President Muhammadu Buhari GCFR.

Amaka E. Nliam