Opinion

NLRC’s Gbajabiamila and President Buhari’s economic revamp efforts

In many countries of the world today, the lottery has become a major source of revenue.

 

Beyond taxing, proceeds from the industry are used in different ways to improve the economies and living standards of citizens. From the United States, United Kingdom, Germany to Netherlands, lottery is utilized in financing projects that preserve, enhance and restore the state’s environment and natural resources amongst others.

 

When the first modern lottery was launched in the United States with the debut of the New Hampshire in March 1964, it was received with scepticism but with good regulations and forthright systems, the lottery has continued to rise and today it earns huge revenue for the governments of different states of America.

 

Not only that, many Americans place high hopes in the lottery for their betterment. That lottery thrives in the United Kingdom and other countries of the world today is a result of deliberate efforts of the government backed by sincere synergies of all the relevant agencies of government.

 

In 2005, Nigeria saw the light and joined the league of lottery supporting nations with the establishment of the National Lottery Regulatory Commission, NLRC.

 

Mandated to issue licenses and permits and permits, set standards, guidelines, rules and promote transparency, integrity in the operations and business of lottery in Nigeria, the commission is steadily coming of age. Expectedly, the industry suffered what could be considered, the teething challenges as its earnings for government hovered around 200m and 400m for over a decade.

 

But, since 2018, the fortunes of the NLRC have taken a big leap up as it began generating billions of naira in revenue for the Federal Government. Without any relent, the commission has continued to put measures deliberately positioning lottery as a major revenue earner for Nigeria.

 

From his first month in office, the incumbent Director General of the National Lottery Regulatory Commission, Mr. Lanre Gbajabiamila has left nobody in doubt on his capacity, competence and readiness to take the lottery to higher levels in Nigeria.

 

Versed and seasoned in the business, Gbajabiamila, the man behind the formalization of lottery business in the nation’s commercial capital, Lagos where he raised lottery earnings from point zero to over N6 billion yearly, took off the National Lottery Regulatory Commission with a transformation program which has become a huge success in all aspects.

 

In recent years, the Nigerian Lottery Regulatory Commission (NLRC) has evolved as one statutory body that has successfully keyed into the Presidential Initiative for the economic revamp of the nation.

 

The Commission has evolved a robust regulatory regime and consistently devoted carefully knitted strategies to achieve a wholesome redefine of industry practices and in the process, it has successfully engendered an overall sound health of the sub sector in Nigeria. Just last July, the commission in a very bold stride brought together all the critical stakeholders in the industry as it organized the first ever gaming conference in Nigeria where all issues concerning the growth of the industry were scientifically discussed with a solid seven-point communiqué.

 

To achieve uniformity in the trade, the stakeholders resolved that financial standards be tailored to accommodate the peculiarities of operators in the gaming industry.

 

Another major highlight of the conference was the issue of engendering a robust legislative framework which would accommodate the concerns of all stakeholders and the formation of greater synergies by the NLRC and sister agency, National Lottery Trust Fund in the establishment of monumental projects to reflect the impact of lottery proceeds in the industry. And after the conference a lot of improvements have been noticed in the gaming industry.

 

It is already fostering higher stability; promoting healthy competition and instituting a regime of synergy that has made the gaming and betting sector a critical integral part of the Nigerian economy as envisaged by the President. For all intents and purposes, Mr. President’s choice of Gbajabiamila as the NLRC boss aptly paid credence to the narrative of a round peg in a round hole which fits effortlessly and allows for optimal performance on the job.

 

The helmsman has continued to exhibit both capacity and willingness to deliver and has virtually succeeded in putting in place a model that has put the industry on a smooth auto run without any serious hiccups.

 

As clearly validated by the scientifically organised first of its kind, National Gaming Conference, his strategy borders on the creation of a management- staff interface on one hand and a Commission- public interface on another hand, culminating in an expertly devotion of the mix to achieve a healthy interplay in which the Commission and its stakeholders are on the same page.

 

He went ahead to provide strategic direction and encourage a sectoral linkages that have encouraged the present upsurge and vibrancy in the sector, drawing up a development projection and an appropriate trajectory that has been painstakingly pursued to the admiration of the industry players.

Increasingly, the industry keeps attracting high profile investors, employs thousands of Nigerians with some millions of other citizens relying on the industry to make ends meet.

 

Un-relented in his determination to make lottery a major source for the country, the commission, as the Director General revealed at the conference was working assiduously towards the installation of a central monitoring system that would enhance earnings from the gaming industry through blocking of leakages and elimination of discrepancies in the accounting processes.

 

As a man of high integrity, Gbajabiamila told the conference that his commission “has consistently worked on the actualization of a Central Monitoring System platform to ensure real time monitoring and promote accountable transparency in the gaming sector”.

 

Another innovation being worked on by the commission is the development of a new technology driven game, Naija National Game to be launched very soon.

 

The game, according to Lanre Gbajabiamila, is capable of turning things around for the commission and in the lottery business generally. As the journey on the lottery business started by the American government in 1964 is today a huge success in the United States of America, it is almost certain that at the rate things are moving on steadily in the National Lottery Regulatory Commission under the leadership of Lanre Gbajabiamila, Nigeria would very soon start reaping heavily from proceeds of lottery industry.

 

Nigeria now has an effective, proactive, forthright and performing lottery regulatory commission with the right head and leadership; getting the legal framework right; and the synergies expected from sister agencies and critical stakeholders are being solidified progressively.

A new dawn in the lottery industry is evidently here and the time is now for Nigerians to feel the impact of the games in more meaningful projects being executed by the National Lottery Fund and remittance of higher revenues to the covers of Nigeria. It is indeed a huge revamp in the lottery world of Nigeria and a good example for other government agencies and commissions.

Olaosebikan is a journalist and public affairs analyst and writes from Lagos

 

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