CURRENT REPORT BLOG In a recent development, the Nigerian House of Representatives has taken a decisive stance against the rampant culture of in the country. The resolution, spearheaded by Rep. Kelechi Nwogu, aims to address the negative societal impacts of unregulated gambling activities, particularly on the nation’s youth.
Rep. Nwogu’s motion, adopted during a plenary session in Abuja on Thursday, February 15, 2024, sheds light on the alarming statistics surrounding sports betting in Nigeria. With approximately 60 million Nigerians aged between 18 and 40 engaging in this activity, concerns over mental health issues, financial instability, and strained relationships have come to the forefront.
Weak regulations and oversight have paved the way for detrimental consequences, including depression, anxiety, and addiction among bettors. Moreover, instances of lying, stealing, and financial ruin have become prevalent, causing distress within families and communities. The need to address these negative ramifications and prevent underage participation is paramount.
In response to these pressing concerns, the House of Representatives has taken proactive measures. The Federal Ministry of Information and National Orientation has been tasked with launching a comprehensive nationwide campaign to raise awareness about the adverse effects of youth involvement in sports betting. Additionally, the Committee on Inter-Governmental Affairs has been mandated to conduct a Public Hearing to further examine the dangers associated with this phenomenon.
Data from the National Lottery Trust Fund (NLTF) paints a stark picture of the scale of sports betting in Nigeria. With over 65 million active participants, the daily expenditure on online sports betting alone surpasses $975 million, totaling a staggering $356 billion annually. These figures underscore the urgent need for intervention and regulation to safeguard the well-being of citizens.
