A new strategy aimed at boosting revenue has been adopted by the National Lottery Regulatory Commission (NLRC).
This is in a bid to increase the Commission’s contribution to the federal treasury.
According to the commission, the new strategy, which is known as the ‘Central Monitoring System’, will boost the government’s efforts in diversifying its sources of revenue, especially at this critical time.
A statement issued on behalf of the Director-General of NLRC, Mr Lanre Gbajabiamila, by the spokesman of the commission, Magnus Ekechukwu, said the strategy would ensure that all earnings due to government on lottery were collected with precision.
He said the strategy would plug loopholes and drainages in the lottery business.
Gbajabiamila was quoted as saying, “With the arrangements being put in place, lottery will soon be contributing significantly to the federal treasury as it has done in countries like America, the United Kingdom and Spain.’’
He disclosed that the management and staff members were already trained for a successful outcome of the new plan, adding that arrangements had also reached an advanced stage to establish an indigenous National Game with all the benefits of higher revenues for the government.
He assured that the game would provide greater dividends for players and profound growth for the industry generally.
Speaking further, he said: “We have remained tirelessly ingenious in engendering improved revenue earnings and entrenching a better lottery business in all ramifications.’’
Recall that the National Lottery Regulatory Commission is the body that regulates lottery activities in Nigeria and was established through the National Lottery Act of 2005.
