News

LOTTERY REFORM: FG LAUNCHES PROJECT PHOENIX FOR ENHANCED REVENUE GENERATION

By Dwelleth Morountodun

In its renewed determination to revitalize the nation’s economy, the Federal Government has launched Project Phoenix, a transformative initiative designed to enhance revenue generation and collection in the lottery and gaming sector.

In an inaugural meeting of the Joint Committee for the implementation of Revenue Assurance Platform (RAP), which will oversee reforms in Nigeria’s lottery and gaming sector, presided by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun in Abuja today, informed that Project Phoenix aims to establish a transparent and efficient revenue collection system that maximizes government earnings and protects citizens from fraud. 

The project, Mr. Mohammed Manga, in a statement said will also strengthen regulation, ensure compliance, recover outstanding revenues from operators, and implement advanced monitoring systems to safeguard consumers.

NCC Ad

The project’s key deliverables include the successful implementation of the Revenue Assurance Platform (RAP), recovery of outstanding revenues, and policy recommendations to further improve the sector.

In his remarks during the meeting, the Minister emphasized the importance of boosting domestic resources to support Nigeria’s economy and social programmes. 

He explained that the lottery and gaming sector, through RAP, will ensure transparent revenue collection while protecting consumers from fraudulent activities.

Edun, therefore, urged all committee members to work collaboratively, assuring them of the government’s support in achieving the project’s goals.

As Nigeria’s gaming sector is poised for growth, this initiative demonstrates the government’s commitment to transparency and accountability. 

Thus, with Project Phoenix, Nigeria is taking a significant step towards harnessing the potential of the lottery and gaming industry to drive socio- economic development of the country.

Related Posts

AFTERMATH OF MINISTERS’ OFF-LOAD: INTERIOR MINISTRY ‘LL NOT FAIL TINUBU-TUNJI-OJO

Extraordinaire News

NIGCOMSAT, INFRATEL AFRICA SYNERGISE TO ROLLOUT CONNECTIVITY IN RURAL

Extraordinaire News

Engineers Commend Dangote for Establishing World Class Refinery in Lagos

Extraordinaire News

N50m Bribery: Court Dismisses No Case Submission, Orders Chinese Nationals to Open Defence

Extraordinaire News

David Mark Son’s Death: Atiku Expresses Shock, Mourns

Extraordinaire News

WMO Commends NiMet’s Boss, Agency’s Contribution, Leadership Role in Africa

Extraordinaire News

NNPC Assures of Availability of Fuel Beyond Christmas, New Year

Extraordinaire News

Police Admit Receipt of More Than 200 Vehicles from Ministry, Others to Fight Crimes

Extraordinaire News

Food Security: NiMet/Sahel Sign MoU to Promote Resilient Agriculture

Extraordinaire News

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.