The House of Representatives in Nigeria has made a decisive move to curtail sports betting in the country, calling on the National Lottery Regulatory Commission (NLRC) to adhere to the Lottery Regulatory Commission Act of 2005.
The resolution, proposed by Rep. Kelechi Nwogu, highlights the alarming statistics that approximately 60 million Nigerians, particularly those aged between 18 and 40, are involved in sports betting. Nwogu argued that lax regulations in the industry have contributed to mental health issues, including depression, anxiety, and addiction, along with adverse effects on relationships, finances, legal matters, and employment.
The House has recommended a comprehensive nationwide awareness campaign to educate the public on the detrimental impact of youth involvement in sports betting.
Additionally, the Committee on Inter–Governmental Affairs has been tasked with conducting a Public Hearing on the dangers associated with sports betting, with a report expected within four weeks for further legislative action.
The National Lottery Trust Fund's data reveals that Nigerians spend a staggering $975 million daily on online sports betting, totaling around $356 billion annually.
