After transfers to reserves and adjustments related to the recognition of the Bank’s pension liability as required under FRS 17, the Bank’s surplus income amounted to € million, which accrues to the Exchequer. In addition, a total of € million, in respect of the net proceeds of coin issued, was also paid to the Exchequer.
Permit me, Ladies and Gentlemen to stress that, overall, the application of ICTs to facilitate the provision of public services, achieve productivity gains, improve the quality of life of our citizenry, and enhance access to information and facilitate knowledge-based sharing are all not only desirous but very necessary, for Nigeria to properly position itself and assume the much desired leadership role in our increasingly globalizing, information and communications technology driven world economic system.