Nigerian government changing the state of lotteries

[Mahanton]

This issue is seriously undertaking the who country right now, and if this was totally settled for good I guess it would provide benefit for the entire country. Hopefully it won't be abused and come to a point that corrupt takes place. Every country was facing those challenges, and it's the worst thing that I'm sighting to observe due to greed leaders.

Corruption is everywhere and we can't deny the fact that there will always be an individual wherein greed will overtake him. But we are just hoping that the majority will do the right thing so the money that they will get will indeed go to the right people or organizations. Let us just look at the brighter side on this kind of action. It is hard if there are people who are after for their own interest.

Corruption is a global problem and it cant really be just get rid of it since government would really be  having different personel or members which are really that had greed in mind which would really be taking up some advantage out of their high positions which cant really be avoided and cant be known this is why we should really choose up on every election on most possible honest candidate but well this is nearly impossible.
Government does have the full control of things and if they are changing up something then its citizens would really be ending up to follow and theres nothing you can do about it.
Not all government are like that and some of them do really mind of for the progress of the country.

[Kyraishi]

So basically, another goverment taking the reins in the name of better management and more honest play, level playground or even arguing that is for the good of people. And if I were 5 years old and believed that Santa Claus was to come and buy a permanent residency in Nigeria I would also believe that the government is trying something that has nothing to do with levying taxes, getting up to the last dime and probably take it to Mauritius as a retirement plan. Am I too cynic? (Do I care?)

Would you rather have a regulated gaming sector, or one that is completely underground?

I think the former is almost always more desirable for both the government and the players.

The players get peace of mind by playing on regulated platforms, whilst the government collects some revenue along the way. As long as the amount isn't exorbitant and way higher than normal corporate tax levels, what's the issue?

[Lorence.xD]

So basically, another goverment taking the reins in the name of better management and more honest play, level playground or even arguing that is for the good of people. And if I were 5 years old and believed that Santa Claus was to come and buy a permanent residency in Nigeria I would also believe that the government is trying something that has nothing to do with levying taxes, getting up to the last dime and probably take it to Mauritius as a retirement plan. Am I too cynic? (Do I care?)

I think that with a state controlled lottery it would be good for it's economy since the money is directly injected to the public funds which ends up with more projects created. I think it's alright that you are cynical because we know that the government doesn't always have the best interest of the public on the top of their priorities.

[zanezane]

Corruption is everywhere and we can't deny the fact that there will always be an individual wherein greed will overtake him. But we are just hoping that the majority will do the right thing so the money that they will get will indeed go to the right people or organizations. Let us just look at the brighter side on this kind of action. It is hard if there are people who are after for their own interest.

Even if corruption is everywhere, we should still fight it no matter what because the only time the evil and corruption will triumph is if the good don't do anything. And by taking action, I mean whatever it takes, remember when France did a revolution, if the government is too corrupt, decapitation of the corrupt leader isn't a bad thing.

[leea-1334]

State controlled lotteries are the best way for me too,,, yes, the house edge is extreme but at least it goes to the state which then goes to fund charities,,, of course, this is not the best solution in a corrupt government but imagine if lotteries from states also used blockchain and made it all provably fair? Like using block hashes to pick the winner:)

[jostorres]

Corruption is everywhere and we can't deny the fact that there will always be an individual wherein greed will overtake him. But we are just hoping that the majority will do the right thing so the money that they will get will indeed go to the right people or organizations. Let us just look at the brighter side on this kind of action. It is hard if there are people who are after for their own interest.

That's right and looking at the current situation in Nigeria, I think there is a need for such actions that improve their poverty ratio.

And seriously, I think gambling organized and minimally taxed is better than illegal gambling not just for the government but also for the gamblers because a lot of casinos take advantage and scam players and they cannot even report the scam since they were illegally gambling in the first place. Someone gambling illegally cannot report a casino operating illegally.

It's a good step forward and I hope it improves the living standard at least somehow in Nigeria.

[rodskee]

State controlled lotteries are the best way for me too,,, yes, the house edge is extreme but at least it goes to the state which then goes to fund charities,,, of course, this is not the best solution in a corrupt government but imagine if lotteries from states also used blockchain and made it all provably fair? Like using block hashes to pick the winner:)

Same Situation in my country that The Lottery are being controlled by the government and yeah there are so much fund to Spend for health and other services supported by the department of gambling and sports.
I believe in this matter that the people are benefiting from the gambling addiction of others in which fair and best interest for everyone .

So basically, another goverment taking the reins in the name of better management and more honest play, level playground or even arguing that is for the good of people. And if I were 5 years old and believed that Santa Claus was to come and buy a permanent residency in Nigeria I would also believe that the government is trying something that has nothing to do with levying taxes, getting up to the last dime and probably take it to Mauritius as a retirement plan. Am I too cynic? (Do I care?)

Lets try to look at the brighter side mate, Though i am also doubting this as I knew how Nigerian government moves now and How Corruption runs their country .

[aysg76]

The government is always ready to make steps that can increase their revenue potential and funds inflows are welcomed by them so that's why they came up with this new law governing all the lottery based system in Nigeria.But it can have positive impacts like more organized system and no fear and you can publicly try your luck with the lottery system.Government promoting although due to tax revenue structure but still it's good they are in favour of gamblers.So hope all goes good there.

[Tessnik]

I still find it hard to differentiate between lottery and gambling and if the two are the same but with different processes, then why does the government attack gambling and call it criminal enhancing but promote the lottery.

This article shows that the Nigerian government is waking up to its responsibility of providing and enabling an environment for business.

[Silberman]

So basically, another goverment taking the reins in the name of better management and more honest play, level playground or even arguing that is for the good of people. And if I were 5 years old and believed that Santa Claus was to come and buy a permanent residency in Nigeria I would also believe that the government is trying something that has nothing to do with levying taxes, getting up to the last dime and probably take it to Mauritius as a retirement plan. Am I too cynic? (Do I care?)

You are not too cynic this is simply the truth, if politicians actually took care of the population they are said to represent then I could believe such a thing and if the side-effect of all of this was that they got some additional taxes then that will be fine, but we know the truth, they are after the money and they are using the well-being of their citizens as nothing more than an excuse to justify their behavior, once they get what they want then nothing will change despite whatever they may say about it.

[Twinkledoe]

So basically, another goverment taking the reins in the name of better management and more honest play, level playground or even arguing that is for the good of people. And if I were 5 years old and believed that Santa Claus was to come and buy a permanent residency in Nigeria I would also believe that the government is trying something that has nothing to do with levying taxes, getting up to the last dime and probably take it to Mauritius as a retirement plan. Am I too cynic? (Do I care?)

You are not too cynic this is simply the truth, if politicians actually took care of the population they are said to represent then I could believe such a thing and if the side-effect of all of this was that they got some additional taxes then that will be fine, but we know the truth, they are after the money and they are using the well-being of their citizens as nothing more than an excuse to justify their behavior, once they get what they want then nothing will change despite whatever they may say about it.

We all just wish that these government officials will at least do their job. But sadly, some will be blinded by corruption. Maybe at the start, they will show productivity but as time goes by and once the system is proliferated by corrupt individuals, that's when the system starts to fail from their original mission. But let us see how they will use the new system to their advantage and at least to help their own citizens.

[uneng]

So basically, another goverment taking the reins in the name of better management and more honest play, level playground or even arguing that is for the good of people. And if I were 5 years old and believed that Santa Claus was to come and buy a permanent residency in Nigeria I would also believe that the government is trying something that has nothing to do with levying taxes, getting up to the last dime and probably take it to Mauritius as a retirement plan. Am I too cynic? (Do I care?)

You are not too cynic this is simply the truth, if politicians actually took care of the population they are said to represent then I could believe such a thing and if the side-effect of all of this was that they got some additional taxes then that will be fine, but we know the truth, they are after the money and they are using the well-being of their citizens as nothing more than an excuse to justify their behavior, once they get what they want then nothing will change despite whatever they may say about it.

We all just wish that these government officials will at least do their job. But sadly, some will be blinded by corruption. Maybe at the start, they will show productivity but as time goes by and once the system is proliferated by corrupt individuals, that's when the system starts to fail from their original mission. But let us see how they will use the new system to their advantage and at least to help their own citizens.

On the paper all governmental projects always look beautiful and perfect, but let's see how it's really going to work for real. I think before saying they want to increase revenue sources of the country they should let clear to the population why they want to increase government's income and how it's exactly going to be used.
The problem is that these governments are insatiable. Doesn't matter the money amount, it's never enough for them and the application of the money is never displayed in a clear or easily understandable way. I just hope the government fights fraudulent lotteries and at same time doesn't create too many issues to regulate the businesses.

[agustina2]

I think before saying they want to increase revenue sources of the country they should let clear to the population why they want to increase government's income and how it's exactly going to be used.

I think you got it wrong. The Nigerian government announces it. There is no event that a tax increase will take effect right away. It will be first discussed thru the Senate and the equivalent House of Representatives in that country before the approval.

Aside from that, it's not that the government want to increase revenue source. They just saw gambling is performing good even in times of pandemic so they want to regulate it. The more they can shutdown illegal lotteries, the more it will benefit the legit ones.

[madnessteat]

^

The government just wants to take a tidbit of this market under its patronage. I don't think this will really change the situation in Nigeria because most likely due to the high level of corruption, taxpayers' money will just end up in the pockets of the officials.

[yazher]

^

The government just wants to take a tidbit of this market under its patronage. I don't think this will really change the situation in Nigeria because most likely due to the high level of corruption, taxpayers' money will just end up in the pockets of the officials.

They just use it as an alibi to take advantage of whatever result of it might come in the future. I don't mean to hurt Nigerians with my words but in reality, corruption is at another level there. where politics are used to manipulate people's trust and things like this are no safe especially when money is on the line.

[harizen]

The government just wants to take a tidbit of this market under its patronage. I don't think this will really change the situation in Nigeria because most likely due to the high level of corruption, taxpayers' money will just end up in the pockets of the officials.

On the brighter side, it's better than nothing. There's no such thing that it can change the situation completely. If you guys will read the article, the purpose is for good. There's no perfect government and in every country, corruption is there.

Don't just look at the tax concerns, changing the state of lotteries there will benefit all legit operators. There will be sanctions for those operators that won't comply with the law. In that way, people who mostly bet at these lotteries will also feel safe that they are only betting in a legit lottery, and no worries they will be sh*t in an event of winning.

[uneng]

I think before saying they want to increase revenue sources of the country they should let clear to the population why they want to increase government's income and how it's exactly going to be used.

I think you got it wrong. The Nigerian government announces it. There is no event that a tax increase will take effect right away. It will be first discussed thru the Senate and the equivalent House of Representatives in that country before the approval.

Aside from that, it's not that the government want to increase revenue source. They just saw gambling is performing good even in times of pandemic so they want to regulate it. The more they can shutdown illegal lotteries, the more it will benefit the legit ones.

It looks like the proposal comes from the government side to be discussed and approved by the senate. Anyway it is the government who is proposing it, they are the most interested in raising revenue, otherwise they wouldn't even announce a project like this. Sorry, but I think there is no way to deny governments are constantly seeking for more and new sources of income through taxes and that is the main goal when launching such projects. The benefit promised to the society stays in second plan.

The Federal Government is looking inward for revenue sources, with Akume noting that it is “committed to ensuring that returns obtainable from other non-oil sources of revenues are maximised. Hence, lottery is one of such alternative revenue sources that this government has identified and is determined to make it more productive and sustainable.

That is the quote from the article.

[madnessteat]

The government just wants to take a tidbit of this market under its patronage. I don't think this will really change the situation in Nigeria because most likely due to the high level of corruption, taxpayers' money will just end up in the pockets of the officials.

On the brighter side, it's better than nothing. There's no such thing that it can change the situation completely. If you guys will read the article, the purpose is for good. There's no perfect government and in every country, corruption is there.

Don't just look at the tax concerns, changing the state of lotteries there will benefit all legit operators. There will be sanctions for those operators that won't comply with the law. In that way, people who mostly bet at these lotteries will also feel safe that they are only betting in a legit lottery, and no worries they will be sh*t in an event of winning.

Of course there is corruption in all countries, but in Nigeria the level of corruption is much higher than average.

Do you think it is possible that people close to power are fighting their competitors in this way? After all, as you know, laws in second- and third-world countries are written exclusively in favor of big business.

In my opinion this solution contributes to the appearance of another field for corruption schemes and mechanisms. Unwanted lottery operators in an attempt to become legal may face serious infringements from the regulatory authorities.

I'll tell you a secret that even state lotteries can be conducted not entirely honestly. 

[DoublerHunter]

^

The government just wants to take a tidbit of this market under its patronage. I don't think this will really change the situation in Nigeria because most likely due to the high level of corruption, taxpayers' money will just end up in the pockets of the officials.

They just use it as an alibi to take advantage of whatever result of it might come in the future. I don't mean to hurt Nigerians with my words but in reality, corruption is at another level there. where politics are used to manipulate people's trust and things like this are no safe especially when money is on the line.

^ That is probably the reason they banned untaxable currency there and that is a cryptocurrency just because they can't able to implement the tax.
Every country needs revenue just to fund all kinds of infrastructure that needs to improve such as buildings and roads which is very basic and also health financial assistance. We can not blame them and probably they saw that there is huge money by collecting tax in all their people. The problem is those who hold the fund, it could be not an exact amount and might abuse by them.

[Silberman]

On the paper all governmental projects always look beautiful and perfect, but let's see how it's really going to work for real. I think before saying they want to increase revenue sources of the country they should let clear to the population why they want to increase government's income and how it's exactly going to be used.
The problem is that these governments are insatiable. Doesn't matter the money amount, it's never enough for them and the application of the money is never displayed in a clear or easily understandable way. I just hope the government fights fraudulent lotteries and at same time doesn't create too many issues to regulate the businesses.

You are correct on both points, governments always try to sell their ideas as if it going to benefit everyone but once the laws are put into practice you realize that it is something completely different than what you were sold, and most of the time the government never explains why they want more money, it is simply assumed that this is good for the country when this is not true as a smaller government that keeps the law and order will be better for the citizens and instead most of the time we get a big government that cannot keep order at all.