FG laments paucity of revenue from lottery operators

Written by on July 30, 2021

The Federal Government has said revenue generated from the gaming industry is disappointing, unsustainable and unacceptable. It added that while the industry made billions in 2019, only N1bn made it to its coffers.

Minister of Special Duties and Intergovernmental Affairs, Senator George Akume, said these at the opening ceremony of the national gaming conference in Lagos on Wednesday.

He said, “Various stakeholders have made efforts to enhance revenue generation for the government through the lottery/gaming industry.

The minister added that the Federal Government was in the process of launching a Central Monitoring System, a platform that would ensure real-time monitoring for the gaming industry to allow it block leakages, and become a viable source of revenue for the government’s poverty alleviation drive.

Also speaking at the event, the Director-General, National Lottery Regulatory Commission, Mr Lanre Gbajabiamila, announced that the Nigerian National Game will be launched before the end of 2021.

He added that the National Gaming Bill 2021 would also be passed into law before the end of the year.

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