Olalekan Adetayo Published 17 May 2021The Director-General of the National Lottery Regulatory Commission, Mr Lanre Gbajabiamila, on Sunday said with the efforts being put in place by his commission, lottery would soon become a major source of revenue for Nigeria.He said the commission was set to introduce what he called a central monitoring system that would ensure that all earnings due to government from lottery were collected with.
Lanre Gbajabiamila
Determined to make lottery a major source of revenue for the country, the National Lottery Regulatory Commission is set to introduce a central monitoring system that would ensure that all earnings due to government on lottery are collected with precision.
The Director-General of the commission, Mr. Lanre Gbajabiamila, who made the disclosure in Abuja yesterday, said with the new system, all the loopholes and drains in the lottery business would be blocked so that the entire taxes and revenues payable to the government are fully collected and remitted to government coffers.
Gbajabiamila in a statement issued in Abuja yesterday explained that with all the measures being put in place by the commission, lottery would soon be contributing significantly to the federal treasury, as it is being done in advanced countries like America, United Kingdom and Spain.
Nigerian commission hopes monitoring system will increase lottery revenue
By Gambling Insider
According to local reports, Nigeria wishes to make lottery a major source of revenue by introducing a central monitoring system.
Through the system, the country can ensure all earnings from the lottery will be provided to the Government.
The Director-General of the The National Lottery Regulatory Commission, Lanre Gbajabiamila, has announced the introduction of a monitoring system and said it will make all taxes and revenues payable to the Government.
Gbajabiamila said that, with these measures being enforced by the commission, the revenue coming from the lottery sector will be significant to the federal treasury.
Lottery Commission on course to contribute to federal treasury ― DG, Gbajabiamila tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.