Lagos generates N1bn from lotteries

The Lagos State Government generated about N1 billion from lotteries in 2013, an official said on Thursday.

The General Manager of the Lagos Lottery Board, Mr Lanre Gbajabiamila, gave the figure in Lagos at the 7th Lagos State Stakeholders’ Conference on Taxation.
He described the figure as impressive but said that the board intended to surpass the performance in 2014.
Gbajabiamila said that achieving the revenue target for 2014 would largely depend on patronage by the state residents.
"I want to encourage residents to show more interest in lotteries as that would also mean more tax resources to fund education and other social services," he said.
The general manager said that the state government was doing its best to revolutionise lottery operations and make the industry more viable.