The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that the House was ready to empower the National Lottery Regulatory Commission (NLRC) through enabling legislation to empower it to generate more revenue. Gbajabiamila, who played host to the management team of the commission, led by the chairman of its board, Alhaji Ibikunle Fatai, said the House was willing to come up with relevant laws that would make Nigeria generate more revenue to fund her annual budgets.
The Speaker said: “Yours is a very important agency in terms of revenue generation. As you know, this time, revenue generation is key for us to be able to finance our budget the way we want to finance it. So, yours is a very important agency in terms of government expenditure.”
Responding to a request by the chairman of the NLRC board for the House to amend the law setting up the agency for more efficiency, Gbajabiamila said though the House would be ready to do that, there was need to know what obtains at present. “On the amendment of the enabling law, of course, law is very dynamic. Anytime there’s a need to amend the law to optimise and maximise the efficiency and your revenue profile, we are going to be very willing and ready to do that. But we need to know what the problems are, where you need to plug the holes.”