In addition to human capital and natural resources, social resources are quietly emerging as an important ingredient for socioeconomic development.
Ayo Ojuroye, managing director, BET9JA, popular Nigerian betting operator, revealed this in a conversation with newsmen in Lagos, noting that lottery was a social resource positively changing the economic fortunes of countries across the world.
According to Ojuroye, “In Nigeria, the operation of lottery has precipitated increase in state revenue through payment of taxes and other levies paid to the government.”
Bet9ja pays all taxes and levies due to it as an organisation promptly in compliance with every federal, state laws and best corporate governance practice, he said.
Industry analysts have always reiterated the enormous benefits in lottery business and its proceeds for states and national economy, he said, saying that for any nation to grow, it must possess the power to generate income internally so that the government can meet its civic obligation of providing infrastructure, such as roads, electricity, water, among others, as well as meeting recurrent expenditure.
Stakeholders are also of the belief that lottery also invariably contributes to curbing unemployment as opportunities exist in gaming, for instance oddsmakers, analysts, security, cashiers, among others.
Indeed, the job opportunities in lottery and sports betting are limitless and the revenue can help sustain the economy of the country.
He noted that the induced impacts on the economy arose as employees/beneficiaries of the industry spend their wages in the broader economy – payment of rent, school fees, transportation, food, beverage, and entertainment.
“Bet9ja offers the most exciting and rewarding experiences to our customers with the best odds, best bonus and fast payout of winnings, he stated.
He said the firm’s most critical assets include its integrity and commitment to ensuring it provides the best service always.
“Our ‘more than a bet’ campaign is a cue from the average customer. The singular ticket for a bet placed is more than a bet to that individual, that ticket is an opportunity to change one’s life,” he said.
The company will continue to thrive to empower Nigerians economically to achieve dreams of enhanced standard of living, he said.
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