Business
‘Lottery Automation To Ensure Proper Evaluation Of Industry Income’
The National Lottery
Regulatory Commission (NLRC) said the automation of lottery will ensure proper monitoring and evaluation of the income the industry generates.
The Director-General of the commission, Mr Adolphus Ekpe, said this while fielding questions from newsmen in Abuja.
“Nigeria is a country of potential, but there are so many sectors that Nigeria has gone beyond potentials to realise them.
“The stock market is part of it; it has gone beyond potential; now, everyday something happens on the stock market; it is because it is automated; when a process is automated, it will be able to harness and generate.
“The lottery industry needs to be properly automated and that is our primary goal for this year; we want to make sure we automate, so that we can know what the operators are doing.
“It is actually a bit difficult to say the volume when you are not properly automated.
“Let us say at the end of today how many people played lottery, because it is not automated, I will not be able to tell you how many people have played.
“So we need to automate to get what is generated.’’
Ekpe, however, expressed the belief that the commission had the capacity to be the highest revenue generating agency in the country.
He noted that population drives lottery and therefore, charged staff of the commission to brace up, to see that the commission delivered on its mandate.
“Lottery depends on people and we have the people and therefore if we can harness them well, if we have the right technology and have the right people who will operate, we can get it done.
The director-general said that the commission would ensure that licensed operators imbibed the virtues of honesty, sincerity and transparency.
According to him, some licensed operators are not capable of doing the business well.
“We need to make sure the operators are honest, sincere and capable; some people come to collect lottery license but they are not capable to do it, believing that somebody from outside will come as a technical partner.’’
He said the commission had 20 licensed operators and no fewer than 25 short-term promotional lotteries currently ongoing. “We have 20 licensed operators now.
“In addition to those 20 operators that are traditional lottery operators, we have a number of what we call promotional lotteries
“Promotional lotteries are short duration lottery schemes of less than one year duration. “It could be one month, it could be three months, it could be six months, and it could be one year. “Any scheme either by a bank or an individual any short duration lottery we call it promotional lottery and we have currently about 25 promotional lotteries that are ongoing.’’
He underscored the need to build the capacity of staff of the commission to ensure proper regulation of lottery activities.
“Our own staff need to be properly trained; if you don’t know what you are regulating you will not regulate well; so, we need to be properly trained,’’ Ekpe said.
.The Tide reports that the commission has the mandate to regulate, set standards, give guidelines, ensure transparency, accountability and create the enabling environment for people to play the game of lottery.
On the other hand, the National Lottery Trust Fund is the custodian of funds derived from lottery operations and are used for “good causes’’, which include infrastructure development.
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Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
