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Licensed Lottery operators decry, multiple regulations, taxation

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Licensed Lottery operators decry, multiple regulations, taxation

Chairman of the Nigerian Licensed Lottery Operators Forum Chima Onwuka has lamented that the challenge of multiple regulations has become the bane of the lottery business in Nigeria.
He said the industry is burdened with multiple taxation which has necessitated the need for a complete law.

He spoke yesterday when the House committee on Governmental Affairs inaugurated a technical committee for the review of the 2017 lottery act as ammended.
“Let’s look at the taxation part of it, we pay State tax, local Government and at the Federal level we also pay tax. We also pay a percentage of our entire take which goes to the federal Coffers.
He said there is the Lottery fund which is 20%, annual subscription and the one they call good causes.
He said the innauguration of the technical committee is basically to review the 2017 lottery act as amended to incorporate the new realities the operators are going through and to remove some of the incessant conflict operators are having with Government regulators for proper means of regulation.
“The committee has set up a technical committee to review it and make sure that everybody; both the regulator and operators interests can be protected as well as government.”
“For a long time the law did not represent the fact that we are a fixed odd country not a jackpot country, most of the games in this country are fixed odds that is one area we want to look at.
“We also want the law to recognize the fact that every operator that goes into the market invest billions of Naira in the business and there has to be a gestation period.
“There have to be a way the Government can partner through a joint account just like they have with oil companies which they call the JB fund.
“It might not be money but let the Government come out openly to say a particular operator is licensed to be backed up instead of everyday, EFCC calling operators thieves.
He said the law would also clear the air on the issue of who has the authority to regulate, whether it is Federal or the State.
‘For now when you pay to the Federal you also pay to the State.’

On the value of lottery to Government, he challenged the Government to check with the National Bureau of Statistics to know the number of people the lottery industry is employing.
“Anywhere government can create employment it is encouraged, if lottery and its accessory businesses can employ about one million people directly and indirectly that is contributing a lot to the Government.
“The Government is also generating a lot of revenues, go to the website of the lottery trust fund and see how much what operators have paid to the Government in billions and check out what they have paid to Government in terms of tax to FIRS. Check out also what they have paid to State Governments.”
He said, late last from the lottery fund of what they regulate Lagos State lottery fund was able to give the Lagos State security fund N1b.
He said it is because Lagos State as of today has one of the best laws and environment for lottery.
Onwuka however observed that the conflict of who is to regulate and who not to regulate still persists.
Chairman House committee on Governmental Affairs Honorable Akin Alabi said they oversee the gambling industry in Nigeria
“The meeting is about amending the National Lottery Act, which is a law that regulate the gambling industry in Nigeria. “It is an act that a lot of practitioners in the industry from the operators to the regulators feel it is inadequate, not robust enough.
“They feel it is outdated, and obsolete and it is not harnessing the power and the potentials in the industry. So we are forming a technical committee to review the act to come up with a bill that will be more comprehensive, robust and up to date to guard the industry.”
“Everybody knows the potentials of the lottery gaming industry in Nigeria but a lot of people don’t actually know the real deal, the real number, some people are just brandishing numbers up and down. “There is potential for tax revenues for the Government and potentials for the investors to make money back, there is potential to created direct jobs, employment.
He said without adequate law guiding the lottery industry there is going to be a lot of trial and error ‘but with a robust law we will be able to harness all the potentials.’

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Sahad Stores moves to invest in Bauchi, as Gov Muhammed welcomes initiative

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Sahad Stores moves to invest in Bauchi, as Gov Muhammed welcomes initiative

By Princess Rose Yusuf, Bauchi

The chief Executive Officer of Sahad Stores Alhaji Ibrahim Mijinyawa has promise to make Bauchi State a business destination with his plan to establish a department store in the State.
Mijinyawa spok when he was received in audience by the executive Governor of Bauchi State Alhaji Bala Muhammed.

The business mogul indicated that he is in Bauchi to bring business opportunities to the people of the State through construction of Sahad super market.

He said with his good relationship with Governor Bala, his company will support him to succeed in the sector of business development.

Receiving the business mogul at Council Chamber, Government House Bauchi. Governor Muhammed expressed gratitude to him for planning to construct a modern market in Bauchi.

Governor Bala with the development, promised to allocate a land for the immediate commencement of the construction exercise of the super market.

He said the super market when established in the state, will go along way in improving business and trade activities in the state for economic development.

Governor Muhammed thanked the CEO of the super market for his support to Nigerians through providing affordable goods and services.

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Gov Sule seeks support from FG to boost agric sector

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Gov Sule seeks support from FG to boost agric sector

From Daniel Abel, Lafia

Nasarawa State Governor, Abdullahi Sule, has sought further collaboration and support from the Federal Ministry of Agriculture and Rural Development to boost agricultural activities and rural roads development.

Sule made the call when he paid a thank-you visit to the Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono, in Abuja, yesterday.

The Governor pointed out that Nasarawa State being an agricultural state, requires the support of the ministry to attain its potential of adding value to the agricultural sector of the country’s economy.

In his appeal, Sule called on the ministry to include Nasarawa State in the Rural Agricultural and Marketing project (RAAM), given its proximity to the Federal Capital Territory and the high number of agricultural activities the minister has indicated interest during his two-day working visit to the state.

The Governor equally solicited the support of the ministry in the area of critical infrastructure like rural roads and water supply.

He specifically reminded the minister of his earlier promise to consider the Doma/Rukubi, Azara/Gindin Asha, as well as the rehabilitation of the Awe/Tunga rural road.

Sule also identified the Lafia/Kilema/Rice Mill internal road, the borehole facilities at the rice mill and cassava processing plant.

“You have seen that Nasarawa State is truly an agricultural state and if properly giving the support, Nasarawa will add value to the agricultural sector of Nigeria,” the Governor said.

He showed appreciation to the minister for taking time out of his tight schedule to pay a two-day working visit to the state, during which he made some promises, with the Governor returning the visit as a follow-up.

Responding, the Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono, said Nasarawa State is key to agricultural development in the country and that with its enormous potentials, the state holds a future for a strong agricultural relationship in the industrial sector.

Alhaji Nanono gave the Dangote Sugar plantation as a testimony of the great potential Nasarawa State holds in especially large scale allied industries.

According to the minister, when fully operational, the Dangote Sugar refinery has capacity to employ 30, 000 people.

“I see that Nasarawa State will be lifted from a rural to a major industrial state. The business acumen that you put into your governance will attract people to the state to invest,” the Minister said.

Alhaji Nanono assured that his ministry will give Nasarawa State support in some rural roads, as well as influence major agricultural undertakings to the state.

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Nationaldaddi Committed To Helping Nigerians Get Affordable Lands, Houses

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Nationaldaddi Committed To Helping Nigerians Get Affordable Lands, Houses

**Floats Estate

A Nigerian young businesses mogul, Ike Bishop Okoronkwo has said that he is committed to helping Nigerians to get lands and houses of their own.

Okoronkwo, who is popularly known as NationalDaddi, has floated his own estate to achieve this commitment.

The estate known as Bishop Court Estate is situated in the city of Abuja and Lagos.

Addressing newsmen in Abuja, Okoronkwo said, “I am committed to helping many Nigerians to get lands and houses of their own.”

He also restated his commitment to help other young Nigerians to grow in entrepreneurship and creativity, adding that his aim of going into different businesses, is to help build Nigeria and its people.

According to his profile, “Nationaldaddi as his popularly known on social media is a man of different parts. He was one of the young Nigerians who won President Jonathan youwin program in 2012 and since then have ventured into so many businesses including IT, entertainment, hospitality, content creation, degital trading and recently real estate.

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