The Director-General of the National Lottery Regulatory Commission, Mr Lanre Gbajabiamila, has said the commission had been executing policies, measures and programmes in the last four years which would improve lottery business in the country.
He said the industry would soon begin to witness a boom, which would translate to significant rise in the country’s Internally Generated Revenue.
Gbajabiamila disclosed this in a statement on Wednesday by the commission’s Head, Public Affairs, Magnus Ekechukwu.
The statement was titled, ‘Nigeria to witness boom in lottery industry soon, Gbajabiamila.’
It read, “The Director-General of the National Lottery Regulatory Commission, Lanre Gbajabiamila, says the country would soon witness a boom in lottery business as the transformation process of the industry commenced in 2017 has started yielding positive results.
“The commission had been executing resourceful policies, measures and programmes in the last four years, all aimed at improving lottery business in all aspects with great emphasis on the welfare of its workers, betterment of the stakeholders and higher revenues for the country.
“The policies and measures are steadily being nurtured to fruition, following which the nation would witness the big boom in the gaming industry.
“Our revenue profile has been on a steady increase, regardless of the challenges faced by the Commission while trying to perform our regulatory functions.
“Also, the process for the acquisition of the much-needed Central Monitoring System for our operations is on course and the amendment of the National Lottery Act is in progress at the National Assembly where the proposal has scaled first readings at the upper and lower chambers.”