25 Mar Oyo Targets IGR Boost With N500m From Gaming, Lottery Industry

The Oyo State Government has said it hopes to increase its revenue generation in the gaming and lottery industry by N500 million annually.

This was disclosed recently by the Director-General, Oyo State Gaming Board (OYSGB), Mr. Jide Boladuro, while briefing newsmen on the State Government’s pursuit of increased revenues.

He revealed that on the assumption of office, the board has generated over N200 million, deployed towards developmental projects infrastructure, health, education and sports.

He however said that Oyo State Government intends to protect consumers and keep the gambling sector fair and safe.

Boladuro said: “It is clear that gaming and lottery is a vital and growing part of revenue generation in Oyo State. It is worth mentioning, that gaming is meant for adult population. In this regard, there would be zero tolerance for under-age gaming in Oyo State as we expect all operators to adhere strictly to this policy.”

“It is also imperative, that as regulators, we sensitise the public on responsible gaming, not just for the underage, but to curb irresponsible gaming addiction that is detrimental to the society,” he added.

Mr. Boladuro further disclosed that he has been mandated as the DG, to deliver regulation in the public interest, build public and consumer trust necessary for long term sustainability and growth in the market, ensure fairness and openness to operators and consumers, ensure investors comply with their mandatory corporate social responsibility.

“Expanding the gaming and lottery market through the introduction of more segments like the state lottery, society lottery, scratch cards, casinos, more pools etc. Maintaining gaming market integrity,” he mentioned.