The Director General of the National Lottery Regulatory Commission (NLRC) Adolphus Epke said the commission has the potential to generate N1 billion annually as revenue for government.
He said this in Abuja at the inauguration of a planning and implementation committee for a yearlong series of activities to mark the 10th anniversary celebration of Lottery regulation in Nigeria.
Ekpe also stated that the commission over the last 10 years has generated over N4 billion remitted through the Lottery Trust Fund for the development of the country.
However, he noted that technology constraints and a lack of adequate manpower capacity have hindered the regulatory performance of the Commission.
Epke said: “It is on record that over N4 billion has been generated so far, and it is out of that N4billion that little above N1 billion was approved for the execution of sports facilities for over 1000 primary schools nationwide as directed by the president.
“We are in a position to generate over a billion (naira) annually, but that is because we have technology constraints we are still regulating manually,” he added.
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