The Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC) on Thursday in Abuja set up a committee to work towards the protection of the interest of telecom consumers against malpractices that may attend mobile lotteries in the country.
The Committee, which was inaugurated at the NCC Head Office in Abuja, was tasked with the responsibility of articulating measures to address mutual regulatory issues, including the review of revenue-sharing formula between Mobile Network Operators (MNOs) and lottery operators.
The NCC’s Executive Commissioner, Stakeholder Management (ECSM), Barrister Adeleke Adewolu, who presided at the meeting comprising senior staff of the two agencies, recalled fondly previous engagements between the agencies and stated that the committee was important in order to review and update an NCC-NLRC Memorandum of Understanding (MoU), which was signed on the 6th of August 2018 but has now expired.
The ECSM said the Commission is committed to regulatory collaboration and strategic partnerships and has carefully reviewed NLRC’s requests and is convinced that both organisations can conclusively address issues and other concerns that have been identified in the operation of lotteries in the telecom industry.
“We expect that the Joint Committee of senior members of staff in both organisations will work closely to develop a collaborative framework to progressively improve gaming service delivery for telecoms consumers and further accelerate holistic development in Nigeria’s digital economy,” Adewolu stated.
In addition, the ECSM reiterated that the Committee is expected to articulate a new MoU to address issues around revenue sharing between MNOs and lottery operators, the need to review and recommend a workable model for addressing the needs of both organisations, and present informed recommendations to deepen regulatory collaboration between the two regulatory agencies.
“Considering the strong professional pedigree of the members of this Joint Committee, I have no doubt that they will meet and even exceed the expectations of the Managements of both the NCC and the NLRC, and I wish you all success in this task,” Adewolu added.
Speaking on behalf of the Director-General, NLRC, Lanre Gbajabiamila, the Director, Legal Services, NLRC, Olayemi Ajayi, expressed her organisation’s commitment to improving revenue generation from the lottery industry while appreciating NCC for being receptive to inter-organisational collaborations.
Ajayi reiterated the need for renewal of the expired MoU with amendments to accommodate new provisions that will be favourable to stakeholders and fast-track the development of Nigeria’s digital economy.
Ajayi assured that, “The NLRC is working tirelessly to ameliorate its functions and service delivery to stakeholders. Therefore, this renewed collaboration with NCC will help for better and efficient service delivery by both agencies.”

Leave a Comment

Your email address will not be published.

You may also like

Business Economy Events News Society Sponsored Tourism Travels

EMEC EXPO, the International Exhibition of Digital Transformation is back for its 3rd edition and will be held on May 10th & 11th,2023 at the Hyatt Regency Hotel, Casablanca-Morocco

post-image

 

 

.
« THE DIGITAL TRANSFORMATION »

The EMEC EXPO Exhibition is an event dedicated to Digital Transformation, focusing on e-marketing, e-commerce, hosting & cloud, mobile internet, social networks, internet of things and technology.

EMEC EXPO 2023 responds to the urgent need for businesses to embrace DIGITAL TRANSFORMATION by allowing them to discover the latest breakthrough technologies that are revolutionizing the world, as well as the tools and solutions that will better equip them to face this dynamic of permanent transformation.

Digital transformation represents a strong lever of competitiveness and a great opportunity for growth and productivity. Therefore, companies are obliged to provide themselves with the means to adhere to this mutation, which will allow them to accelerate the achievement of their development objectives by taking advantage of the opportunities offered by information technologies.

https://server1.webguru.ng:2096/cpsess7132333565/3rdparty/roundcube/?_task=mail&_mbox=INBOX.spam&_uid=40&_part=3&_action=get&_extwin=1&_framed=1&_mimewarning=1&_embed=1

EMEC EXPO 2023

International Exhibition of Digital Transformation Consecrated to e-marketing, e-commerce, hosting & cloud, mobile internet, social networks,…

Read More
Business Economy International News

Business support groups poised to drive African integration

post-image

Regional and continental business support organizations can help Africa’s private sector benefit from the continent’s free trade area, after a webinar that highlighted progress the Agreement has made.

 

Business support organizations can play a crucial role in the success of the African Continental Free Trade Area (AfCFTA).

The International Trade Centre (ITC) and the AfCFTA Secretariat held a webinar to update these organizations on the free trade bloc’s negotiations and implementation. The session also presented findings of their joint exercise to map business support organizations across the region.

The regional and continental business groups used the session to voice their priorities and needs, as well as to explore methods to update their services on the AfCFTA.

The collaborative effort is part of a broader joint commitment to make free trade work for Africa’s private sector.

Kicking off the session, the AfCFTA Secretariat explained its Guided Trade Initiative. The new scheme aims…

Read More
Business Culture Opinion Society

INTL. WOMEN DAY: NITDA IMPLEMENTS INITIATIVES TO BRIDGE GENDER DIVIDE

post-image

 

The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE has said that the Agency has been implementing several initiatives and programmes aimed at bridging the gender divide that exists in the Information Technology sector.

The Director General made this disclosure through his Special Adviser on Innovation and Strategy, Mrs. Iklima Musa at a programme in Abuja organised by the African School of Economics, (ASE) in partnership with African Women Entrepreneurship Programme, (AWEP) to commemorate the World International Women’s Day with the theme “Embrace Equity: Cracking the Code”.

Inuwa informed that part of the programmes the Agency has embarked on to bridge the gender divide was a training organised on the 7th of this month where the agency trained 200 women in digital marketing, digital entrepreneurship and 3D painting and “we are planning to train another 200 women this month and the next,” he revealed.

He said that, “There is…

Read More
Business Economy Energy

Transmission Substation Groundbreaking: Minister Rallies Support for APC

post-image

 

The Minister of Information and Culture, Alhaji Lai Mohammed, has performed the groundbreaking ceremony for the installation of 1 x 60MVA Transmission substation in Oro, Irepodun Local Government Area of Kwara State, with a call on the people of the state to sustain their support for APC in the forthcoming governorship and House of Assembly elections.

Speaking at the occasion on Thursday, Alhaji Mohammed, who was accompanied by the Managing Director of the Transmission Company of Nigeria, Engr. Sule Abdulazeez, the Council of traditional chiefs and some APC stalwarts in the state, said the project would lead to improved power supply to Oro and its environs, boost economic activities, especially for artisans and small and medium scale businesses, and enhance the social development of the people.

He therefore implored the people of the community to ensure peace and security in order to enable the contractor to deliver the project within the…

Read More
Announcements Business Investments Software Technology

Hyperspace Technologies Introduces Keymaster VAULT: A Low-Cost, NFC- Based Hardware Wallet for the African Market 

post-image

Hyperspace Technologies (https://hyperspace.ng), a Lagos-based Web3 startup specializing in next-level smart security infrastructure and key management systems, today announced the launch of its groundbreaking product, the Keymaster VAULT (https://keymaster.ng).

Designed to cater to the African market, Keymaster VAULT is a secure, NFC-based hardware wallet that stores private keys offline, offering an affordable and user-friendly alternative to expensive and complicated traditional hardware wallets.

Leveraging the simplicity of Near Field Communication (NFC) technology, the Keymaster VAULT allows users to securely access their digital assets by merely tapping their NFC-enabled devices.

This eliminates complex installation processes, making the wallet an ideal choice for both cryptocurrency novices and experienced users. With offline storage of private keys, the wallet significantly reduces the risk of hacks and malware attacks associated with online storage.

“We wanted to…

Read More
Business Economy Investments News Opinion

Currency slump sees surge in demand for dollars assets in West Africa despite greenback’s ongoing strength (By Abiodun Adebimpe)

post-image

The Russian-Ukraine war and the lingering impact of the COVID-19 pandemic have severely weakened West African economies and currencies – but businesses and investors are looking to dollar assets to mitigate the damage.

 

As most West African economies are commodity-driven, any development within the global economy that affects the supply and/or demand of commodities imports and exports portends significant currency weakening effects on the economies.

 

Recent and ongoing global events have created massive demand destruction in crude oil, agricultural products and precious metals such as gold. Supply chains are also still to recover.

 

As a result, most West African currencies such as the Nigerian Naira (NGN) and the Ghanaian Cedis (GHC) have significantly weakened.

 

It is a major source of concern – and an ongoing challenge- for most Nigerian businesses and those in other West African countries.

 

Fiscal and monetary imbalances compound the problem.

 

The import-dependent nature of most West African markets implies huge demand…

Read More
Business Culture

Appearance will give you a leg in the room – Fola Daniel Adelesi

post-image

 

Several years ago, a company was going to run a corporate event at one of the prime hotels in Lagos. You probably already have an idea of the location or possible locations. You may understand the fanfare that will accompany that kind of event. We all know that half of the activities will not be needed or noticed but they still go into the event anyway.

Sometimes, the organizers are scared of failure and you can tell from their facial expressions or tones when they talk to you over the phone. They want a perfect event and they sometimes want to see that perfection in you as a vendor. The implication is that you have to be the one allaying fears by demonstrating the perfection they want to see.

I saw the ad for this company’s event and decided to bid to compere the event. I had experience on my side…

Read More
Announcements Business Economy Events Fintech International Technology Technology Trends Telecoms Travels Trends

Global tech pioneers and innovators look to supercharge double-digit business growth across Africa

post-image

 

International powerhouse brands turn to inaugural GITEX Africa 2023 as launchpad to scale operations in the world’s next biggest digital economy

Global tech pioneers and innovators are preparing to supercharge double-digit business growth across Africa, as they eagerly anticipate the debut of the continent’s largest and most inclusive tech and start-up event in Marrakech, Morocco.

GITEX Africa will open doors for the first time from 31 May-2 June 2023, welcoming 500 exhibitors and 400 start-ups from 95 countries, with regional and international companies exuberant about the potential of the world’s rising tech continent, and the opportunities amplified by Africa’s ongoing Digital Transformation Strategy.

Among those spearheading the charge into African tech’s showpiece event is Japanese headquartered Epson; American giants Autodesk, Honeywell, Hewlett Packard, Dell, ESRi, Nutanix, Cisco and Shure; Lenovo, Huawei, and TP Link from China; along with DP World and the Technology Innovation Institute from the UAE.

With the African Union’s bold…

Read More