The Minister of Communications and Digital Economy, Dr. Ibrahim Pantami has hailed the decision of 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.

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

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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