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Lower Service Charges, A Step In The Right Direction — Minister

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Isa Pantami
The Minister of Communications and Digital Economy, Dr. Isa Pantami has lauded the Central Bank of Nigeria’s reduction of electronic cash transactions.

He praised the move which was part of new guidelines for commercial banks’ operations, as a boost for the digital economy.

In a statement issued by his Spokesperson, Uwa Suleiman, the Minister said, “Lower service charges will encourage a higher patronage of electronic services, especially in the banking sector.”

The CBN reduced charges on withdrawals made on other banks’ Automated Teller Machines to N35 from its initial N65 after the third withdrawal.

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