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Nigeria: Lottery Commission seeks collaboration with the Federal Inland Revenue Service

Posted:: Jun 04, 2021 12:01 Category: Africa , Lottery , Regulatory , Posted by
Milos Pavlovic

The National Lottery Regulatory Commission announced their ambition to collaborate with the Federal Inland Revenue Service to foster increased revenue growth for the Nigerian federal government

In anticipation of the planned National Gaming Conference, to kickstart in July 2021, the Director General of the National Lottery Regulatory Commission (NLRC), Lanre Gbajabiamila, has stated they are willing to collaborate with the Federal Inland Revenue Service (FIRS) in areas that have the potential to stimulate increased revenue growth for the federal government in Nigeria. 

During a recent visit between Lanre Gbajabiamila and the Executive Chairman of the FIRS, Mr. Muhammad Mamman Nami, the Director General highlighted the problem of double taxation and double regulation for lottery operators in Nigeria. Lanre Gbajabiamila stressed the importance of the FIRS attending the National Gaming Conference to garner a better understanding of the major issues facing the lottery industry. 

Noting the sustained growth of the lottery industry  teamed with the business opportunities within, Lanre Gbajabiamila shared:

Scope of operations has grown, just as the entire industry is witnessing an astronomical growth. We seek out sister Federal Government agencies relevant in our actualizing our mandate for concrete collaborations. We already have ties with Nigerian Communications Commission, NCC, National Information Technology Development Agency, NITDA as well as with anti-graft agencies, namely the Nigerian Financial Intelligence Unit (NFIU) and Economic and Financial Crimes Commission, EFCC.

The FIRS will not be isolated as we need your agency for a working synergy of mutual benefit to our respective organizations.

The Executive Chainman of the FIRS announced the support of the FIRS towards a stellar National Gaming Conference, in response to the Director General.

Source: This Day

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