By David Akinmola
The Federal Government, through its Minister of Special Duties and Intergovernmental Affairs, Bitrus Jisalo, has said an inclusive system to regulate Nigeria’s gaming industry is needed to increase income generation in the country.
The minister revealed this at the National Lottery Regulatory Commission stakeholders’ meeting and management retreat held in Lagos and also stressed the need for partnership between operators and regulators in the industry.
Jisalo said that a robust system is needed to ascertain this, noting that Nigerians must adopt a more responsible approach to gaming.
According to him, we could promote a culture of respect, understanding, and collective growth.
However, he said the focus of the stakeholders meeting is to collaborate and discuss ways to boost industry revenue generation.
Also speaking earlier at the conference, the Director-Deneral of NLRC, Lanre Gbajabiamila, said the meeting is designed to inspire and educate stakeholders.
For him, the meeting is also aimed to foster collaboration and understanding among various stakeholders in the industry.
Making a presentation on advertising, the Director-General of the Advertising Regulatory Council of Nigeria, Olalekan Dolapo, said the advertising industry is properly regulated globally.
Dolapo stressed the need for Nigeria to take proactive steps in regulating online materials and gaming organisations. He explained penalties paid by some offenders in developed countries and the efforts of ARCON to meet current regulatory standards.
He explained the importance of principles of practicing advertising, regulating media, local content creation policy, and digital media regulation for a better economy, among others.
According to him, advertising concepts and materials were usually vetted as part of ARCON’s oversight functions to prevent broadcasting content that could cause disharmony or disunity.
In the conference, the Chief Executive Officer, NLRS, Tosin Adeyanju, also urged operators to make appropriate payments to avoid getting sanctions from the Economic and Financial Crimes Commission.
Adeyanju noted that the money remitted by the operators was channeled towards the betterment of the country.
He said the few bad ones in the gaming and lottery industry were the ones that allowed the EFCC to view the industry in a bad light. He noted that President Bola Tinubu had initiated a revenue assurance platform, and the implementation committee was working on it.
By David Akinmola
The Federal Government, through its Minister of Special Duties and Intergovernmental Affairs, Bitrus Jisalo, has said an inclusive system to regulate Nigeria’s gaming industry is needed to increase income generation in the country.
The minister revealed this at the National Lottery Regulatory Commission stakeholders’ meeting and management retreat held in Lagos and also stressed the need for partnership between operators and regulators in the industry.
Jisalo said that a robust system is needed to ascertain this, noting that Nigerians must adopt a more responsible approach to gaming.
According to him, we could promote a culture of respect, understanding, and collective growth.
However, he said the focus of the stakeholders meeting is to collaborate and discuss ways to boost industry revenue generation.
Also speaking earlier at the conference, the Director-Deneral of NLRC, Lanre Gbajabiamila, said the meeting is designed to inspire and educate stakeholders.
For him, the meeting is also aimed to foster collaboration and understanding among various stakeholders in the industry.
Making a presentation on advertising, the Director-General of the Advertising Regulatory Council of Nigeria, Olalekan Dolapo, said the advertising industry is properly regulated globally.
Dolapo stressed the need for Nigeria to take proactive steps in regulating online materials and gaming organisations. He explained penalties paid by some offenders in developed countries and the efforts of ARCON to meet current regulatory standards.
He explained the importance of principles of practicing advertising, regulating media, local content creation policy, and digital media regulation for a better economy, among others.
According to him, advertising concepts and materials were usually vetted as part of ARCON’s oversight functions to prevent broadcasting content that could cause disharmony or disunity.
In the conference, the Chief Executive Officer, NLRS, Tosin Adeyanju, also urged operators to make appropriate payments to avoid getting sanctions from the Economic and Financial Crimes Commission.
Adeyanju noted that the money remitted by the operators was channeled towards the betterment of the country.
He said the few bad ones in the gaming and lottery industry were the ones that allowed the EFCC to view the industry in a bad light. He noted that President Bola Tinubu had initiated a revenue assurance platform, and the implementation committee was working on it.
