The Federal Government is set to adopt the Central Monitoring System (CMS) to curb leakages in the Nigerian lottery and gaming industry and boost its revenue to N100 billion.
This was disclosed by the Executive Secretary of National Lottery Trust Fund (NLTF), Bello Maigari recently at a press briefing in Abuja.
According to him, there are roughly 60 million Nigerians aged between 18 and 40, involved in active betting, adding that despite a huge number of people engaged in betting, the Nigerian government-generated less than N1 billion from the gaming industry in 2019.
What NLTF is saying about the gaming industry
“The government was working to acquire a CMS for the gaming industry for maximum regulation and curbing of leakages. As we speak, the industry is worth almost N2 trillion. The fact that the industry has gone this far is due to the level playing ground established by the government. Lottery and gaming businesses are flourishing across the nook and crannies of this country.
“For instance, Bet9ja, a betting platform is in the remotest part of the country. This is to tell you how wide and far lottery and gaming have grown in the country.
“But sadly, the return to government coffers has been poor. Fortunately in the last few years, the government has reawakened and we are currently working to establish a CMS that will see to the streamlining of revenue that will accrue to the government,” Maigari said.