The Federal Competition and Consumer Protection Commision, (FCCPC) has outlined plans to protect young sport betting and lottery companies in the country, noting that this would seek to drive inclusive growth in the sector to boost employment and revenue streams and also regulate their activities with proper licensing.
The FCCPC and the National Lottery Regulatory Commission said it would regulate the activities of sport betting companies who have proper licensing in Nigeria to operate while assuring that it would keep their operations in check with proper regulations.
The agency noted that the statutory remittances from the betting companies were needed to drive inclusive growth in the economy while promoting the emerging lottery sports economy.
Deputy Director/Zonal coordinator, National Lottery Regulatory Commission, Lagos Zonal Office, Mrs. Nkiru Onuzulu, commended the efforts of the National Lottery Regulatory Commission in the area of regulations of lottery business in the…
Source: Leadership Newspaper