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Nigeria Targets N360bn From Lottery

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Nigeria has the potential to earn at least N360 billion from
lottery per annum, Director -General of the National Lottery Regulatory
Commission (NLRC), Mr. Peter Igho, said in Abuja, yesterday.

He made the declaration when he told newsmen that the
revenue would be earned if lottery was run properly.

Igho expressed regret that Nigeria was yet to tap into the
revenue potential which could spur rapid development in country.

“I established a study and that study is of great interest
because it showed that the potential of lottery in this country is not less
than N360 billion revenue per annum, if run properly.

“If all things are on ground to ensure that lottery was
carried out in the country with transparency and integrity; that all those who
were licenced to operate were doing so following all the rules of lottery.

“It’s not surprising because if you realise that in the UK
for example with its population of less than one third of our population, about
75 per cent of the population of Britain plays the lottery every week with the
average of a disposable income of three pounds, fifty pence each.

“In 14 years of the lottery, they have generated over £22
billion for good course, that’s well over £1.5 billion per annum.

“With our population of a 150 million, even if 50 per cent
play that, you will realise that the potential in terms of revenue is quite
big.’’

Igho also said Nigerians were misinformed about what lottery
entailed hence the current misconception and the misunderstanding that it was
synonymous with gambling.

He said: “If you ask 100 Nigerians what they think about
lottery, about 90 of them will tell you it’s something that has to do with
gambling; it is not surprising because the notion is based on ignorance.’’

The director-general explained that the difference between
gambling and lottery was that gambling was for the benefit of the gamblers,
whereas lottery was that game of chance that is concurrently used to raise
money for good causes.

He stressed that lotteries had been used all over the world
to raise money to bring about development in countries where they were played
and that Nigeria should not jettison the opportunity.

Igho cited the case of China which used lottery to build the
famous ‘Great China Wall’ – one of the Seven Wonders of the World, while the
United States of America used it to develop the country, including the
establishment of 55 prominent institutions of higher learning like Harvard and
Yale universities.

“Many of us have just come from watching the 2012 Olympics,
where we blamed our own athletes for not performing well.

“If you recall the Prime Minister of Britain, Tony Blair,
was on air to say that the great deal of the success Britain had was because of
the more than 850 million pounds funding and support the country got from
lottery.

“The money paid over 80 per cent of the revenue used for the
training of British athletes going to the Olympics.’’

Igho said there was nothing irreligious about lottery.

Morocco and Niger Republic, he added, had used lottery
proceeds in the past to execute development projects and even send their
citizens on pilgrimages.

He noted also that religious groups in Europe and the United
States had also promoted lotteries and used the proceeds for good causes.

Igho said that the NLRC had so far raised close to N3
billion through lottery in the country.

He also noted that the commission would embark on public
sensitisation to create a proper enlightenment that lottery was something big
and good and its proceeds could be used for development.

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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