Lottery: FG generated N6b in 5 years, says commission
N1b Spent On Sports Equipment For Primary Schools
National Lottery Regulatory Commission (NLRC), has disclosed that the Federal Government earned over N6b from lottery proceeds in the last five years, adding that the money is with the Lottery Trust Funds under the supervision of the Presidency.
NLRC Director-General, Lanre Gbajabiamila, made the disclosure yesterday in Abuja, during a Public Presentation to Mr. Anthony Akoma, winner of the biggest Nigerian Jackpot of Plenty million National Lottery.
Represented by Mr. Yagba Tsav, an Assistant-Director, Regulatory and Monitoring Department of the commission, the DG said government has already spent over N1b out of the total revenue to procure sports equipment for four primary schools in each of the 774 Local government areas of the country.
Gbajabiamila explained: ”In every license in the lottery scheme, the proceeds are shared, government takes 20 percent, and put into the development of infrastructure like schools, sports, hospitals and road construction.
“This goes along to improve the economy of the country. So far, out of the over N6b earned, as much as, N1 billion was approved by the last administration for the purchase of sport equipment to four primary schools each in the 774 Local government across the country, the process is ongoing, we have finished with 28 states and we are going over to others.”
Earlier, the Head, AG&H integrated concepts (Plenty million) licensed lottery operators and promoters of the winner, Thompson Eja, described the event as the biggest jackpot winning in Nigeria.
In his response, the award winner, Anthony Akomah, who hails from Enugu State, thanked God and commended the Lottery agency for the exercise.