Sports Betting Operators Will Be Supported Amid The Coronavirus Pandemic – FG

The Federal Government has come out to assure operators of the Nigerian Betting Industry that the government is committed to making sure they do not battle undue setbacks during the coronavirus pandemic.

FG recently revealed that it will not hesitate to give necessary approvals for any kind of palliative that will ensure their business stays viable due to the peculiarities of the industry.

Speaking during a video conference meeting with the Sports Betting Permit holders across Nigeria, Director General of the National Lottery Regulatory Commission, NLRC, Lanre Gbajabiamila revealed that FG is interested in protecting every business in the betting sector since they cannot fold their arms and watch these businesses with huge investment go down the drain.

He added that investors in the industry should keep playing by the rules and the required support they need from the government will be rendered.

His words, “As your regulator, we feel obliged to touch base with you, find out the challenges you are facing in your business and see how we can continue to work together, despite the difficulties occasioned by this ugly pandemic.

“Let me assure everyone that government will do the best it can to protect every business within the industry, we cannot fold our arms and watch our industry with the huge investment therein go down the drain.”

“I am optimistic that the Federal Government will not hesitate to give necessary approvals for any form of palliative that will ensure your business remains viable because ours is a very peculiar industry which if properly harnessed would adequately shore up the much-needed revenue for the government.

“Yours is to ensure that you all play by the rule, while on the part of the government, we will do all it takes to give needed support for all business to remain viable.”