Business
‘Automated Lottery Can Generate Huge Revenue For Nigeria’
Lottery can generate huge revenue for Nigeria through automated technology, Mr Adolphus Ekpe, the Director-General of the National Lottery Regulatory Commission, said.
Ekpe told newsmen in Abuja yesterday that the commission had already begun the process of computerising its processes to enable it to generate greater income.
He said that automated technology would enable the commission to monitor and regulate the operators of the lottery business and make it more appealing to Nigerians.
“I believe that the way to actually get more revenue is through automation and we’ve already kick started the process.
“We are starting with our own internal processes, but we need to actually monitor and regulate the operators in an automated form.
“So that is our major challenge for now.’’
According to the director-general, by monitoring the activities of operators, the commission would be in a position to identify and deal with illegal operators.
He said that the commission had taken legal action had against some illegal operators in the lottery business in a bid to rid the business of quacks.
“We’ve arrested some of them; we’ve detained some of them; we’ve even charged some of them to court.
“When you say somebody is fake, sometimes the person may not even know that he is operating a lottery business.
“So if the person is ignorant, we don’t put the enforcement part of it. We want you to regularise.
“Now if you try to defraud somebody and the person reports, we try to restitute. That is, we make you to refund, to pay the winning.
“So far we have not convicted any person because at the end of the day, they come to settle.“
Ekpe said that the commission would soon introduce new initiatives that would empower lottery operators and promoters to grow the market.
He said that repositioning the lottery industry for maximum contribution to national development was the major priority of the commission.
“Now, there is this misunderstanding that it is only those who have license for lotteries are the people operating lottery.
“No, any scheme, or any activity that has a price and has the chance, that is not every participant will win has a lottery element and it has to be regulated.
“And part of the money remitted to government such that whoever that plays if you don’t win, you still benefit from the society through the proceeds that goes to the lottery trust fund which has to be applied for good causes.“