In a landmark development, the Nigeria House of Representatives has passed the third reading of a bill to repeal the National Lottery Act that signals a sweeping reform in the country’s gaming and lottery sector.
This is a pivotal moment where lawmakers vote to discard the long-standing National Lottery Act of 2005 which has governed lottery operations for nearly two decades. These decisions align with calls for a more decentralized and modern regulatory framework, possibly in response to legal tensions between federal and state authorities over jurisdictional control.
Some Analysts believe that this step could foster innovation in the gaming sector by increasing revenue transparency and reducing conflicts over regulatory overlap. However, it also raises questions about the future role of the National Lottery Regulatory Commission and the funds directed to the National Lottery Trust Fund.
