Nigeria: Lottery Trust Fund tasks operators on prompt remittance

WorldStage Newsonline– The National Lottery Trust Fund ( NLTF) on Thursday charged licensed lottery operators on prompt remittance to ensure continuity and sustainability of Corporate Social Responsibity (CSR) to the society.

Dr Bello Maigari, Executive Secretary of NLTF, made the appeal during the National Gaming Conference organised by the National Lottery Regulatory Commission(NLRC) in Lagos

The theme of the two-day event was “Repositioning the gaming industry for better performance and enhanced revenue generation for stakeholders in the 21st century”.

Maigari, who was represented by the Mr Abubakar Nakwada, Head of Operations of NLTF, said that enhanced and improved lottery remittance would ensure the continuity of good causes for the greater wellbeing of Nigerians.

He said that over the years across the globe, lottery and gaming had been identified as a wealth generator, noting that proceeds from lottery was used to transform societies and Nigeria was not an exception.

 “NLTF sees promoting good causes as a social service to the nation which can cater for the sick and aged, the unemployed and educated, refugees and homeless people.

“It is therefore essential that proceeds received from lottery and gaming will continue to be utilized to support the less privileged and build infrastructure for communities.

 “We have just began to realise the enormous contributions lottery can make for our citizens and communities, to help provide basic healthcare in underserved areas,” Maigari said.

The executive secretary also appealed to all licensed gaming companies and promoters to submit evidence of payment of all taxes due to the trust fund to the regulatory authority to ease reconciliation purpose and record keeping in line with extant government financial regulations.

He noted that for Nigeria to maximise the potentials of the industry, lottery business owners and entrepreneurs must encourage best practice, collaboration, curtail corruption and acts capable of undermining the growth of the sector.

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •   
  •   
  •   
  •   
  •  

Leave a Reply

Your email address will not be published. Required fields are marked *