FG targets more revenue from betting, plans new tax regime

FG targets more revenue from betting, plans new tax regime

Lottery trust fund presents equipment to hospitals
With over 65 million active online bettors in Nigeria, who spend an average of $15 per day on various forms of online gaming and betting, the Federal government, yesterday, said it was targeting an increase in revenue from the sector.

The government also said it might introduce a new tax regime in the betting industry as part of its plan to boost revenue.

Minister of Special Duties and Inter-governmental Affairs, Zaphaniah Jisalo, disclosed this in an interview with journalists at the commissioning and presentation of medical equipment to select healthcare institutions in Nigeria by the National Lottery Trust Fund (NLTF).

The equipment, donated to 15 selected healthcare institutions from the six geo-political zones of the country, include: Digital X-ray machines, colour-ultra sound machines, suction machines, kidney dialysis machines,…
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