Read more: Nigeria: N50b Lost Annually in Civil Service Productivity
Inaugurating the board in Abuja, Minister of Science and Technology, Prof. Turner Isoun, noted that NeGSt has within a short time, been able to help increase productivity, institutional transparency, accountability, and efficiency resulting in unprecedented and radical economic and technological growths.
Information and Communications Technology (ICT) are seen as essential tools for development and their roles in enthroning transparency and good governance, this 21st century cannot be over looked.
Read more: Nigeria: ICT: Tool for Transparency, Good Governance
The new technology in payment system is designed to ease the rampant movement of huge money from one place to another and help customers to access their account balances in not only their banks, but in any participating bank in the country.
Read more: E-Payment And Cyber Security in Nigeria: the Challenges Ahead