News High Hopes for Nigerian Gambling Industry

High Hopes for Nigerian Gambling Industry

-

A leading politician in Nigeria has said that he hopes that the country’s gambling industry could prove to be a significant source of revenue for the state.

Senator George Akume, who is the Minister of Special Duties and Inter-Governmental Affairs, said that the National Lottery Regulatory Commission (NLRC) even had the potential to be the country’s second highest revenue earner after the Nigeria National Petroleum Corporation (NNPC).

Akume was making his comments during his first visit to the headquarters of the Commission, which is based in Abuja, on Thursday. He went on to say that he wanted to support the NLRC:

“I’m not an expert in this field, but I am informed and inclined to believe that if what you are doing is properly managed, this commission has the capacity to contribute meaningfully to the uplift of our people.”

He went on to state that he believed that the organisation could earn substantial sums of money for the government and that the possibilities were enormous. But he also said that there was more that the commission could do. He specifically emphasised the creation of a national lottery game and efforts at recovering lost revenue, and also cited potential amendments to the National Lottery Act of 2005, which he said he would consider as soon as drafts were put forward.

Sen. Akume also suggested that the NLRC should consider moving from their current temporary site to a more permanent one, which would produce cost savings.

The NLRC, which was set up as part of the 2005 Act, regulates all legal gambling in Nigeria. This includes lottery games, land-based casino gambling and sports betting, but roulette, dice games and other no-skill online casino games are banned.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

UKGC Focus on Safer Gambling

The UK Gambling Commission (UKGC) has announced new initiatives this week to help bring about higher gambling standards.

Washington State Considers Sports Betting Options

Sports betting could be on its way to the US state of Washington in 2020, with two bills...

Maine Sports Betting Veto Challenged

Campaigners hoping to bring sports betting the US state of Maine have another chance to achieve their aims...

New Swedish Match Fixing Proposals

Sweden’s gambling regulator Spelinspektionen has announced proposed new rules that are designed to tackle the threat of match-fixing in Swedish sport....

Polish Gambling Revenue Rises

The gambling industry is thriving in Poland, according to the latest figures, but concerns remain over the extent...

Aussie Bookmaker Announces Bushfire Donations

Independent Australian bookmaker Fitzdares has announced that all its profits from the Australian Open this year would be donated to...

Must read

You might also likeRELATED
Recommended to you