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LotteryLegal & Regulatory

Nigerian commission hopes monitoring system will increase lottery revenue

According to local reports, Nigeria wishes to make lottery a major source of revenue by introducing a central monitoring system.

Nigeria

Through the system, the country can ensure all earnings from the lottery will be provided to the Government.

The Director-General of the The National Lottery Regulatory Commission, Lanre Gbajabiamila, has announced the introduction of a monitoring system and said it will make all taxes and revenues payable to the Government.

Gbajabiamila said that, with these measures being enforced by the commission, the revenue coming from the lottery sector will be significant to the federal treasury.

The commission director also confirmed that management and staff are being trained to make sure the launch of the new system will be successful.

In addition, he also promised Nigerians that the introduction of the system will mean the commission now has sufficient funds to meet an enhanced salary structure that was introduced in 2015.

Gbajabiamila said: “We are always concerned with improving the capacity and welfare of our staff in all our considerations and projections. We put the issues of welfare and capacity first. We are totally committed to implementing a more robust welfare scheme for them.

“I am upbeat that in a matter of some few years, lottery shall become a major source of revenue for Nigeria. For the lottery industry in our dear country, the future is bright."

With the new system in place, Nigeria will be able to profit from its lottery the same way regions like the United Kingdom, American states and Spain have for decades.
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