The Federal Capital Territory Administration (FCTA) has embarked on a significant initiative to regulate and oversee the gaming industry within the FCT. This move aims to provide stability and clarity for existing operators in Abuja, while also preventing revenue loss and maximizing the economic potential of the gaming sector. The impetus for this initiative stems from a November 2024 Supreme Court judgment, which affirmed the FCTA’s jurisdiction over lottery and gaming activities within the FCT. This clarification of legal authority empowers the FCTA to effectively manage and develop the gaming industry within its territory. Spearheading this effort is the FCT Lottery Regulatory Office, led by Director General Lanre Gbajabiamila, who announced the official commencement of regulatory operations during a joint press conference with the FCT Internal Revenue Service.
Gbajabiamila acknowledged the potential challenges that accompany regulatory transitions, assuring stakeholders of the office’s commitment to a smooth and transparent process. He emphasized the FCTA’s vision to leverage the economic power of the gaming sector for the development of the FCT while simultaneously enhancing the industry’s reputation. This dual focus on economic growth and responsible gaming highlights the administration’s commitment to creating a sustainable and reputable gaming environment. The director general further emphasized the importance of collaboration between the regulatory office, the office of the Minister, and the FCT Internal Revenue Service to ensure effective oversight and revenue collection within the industry. This collaborative approach underscores the administration’s commitment to a holistic and coordinated regulatory framework.
A major focus of the new regulatory framework is to establish a robust and transparent system for gaming activities in the FCT. This will not only create an enabling environment for investment but also promote fair play and responsible gaming practices. Gbajabiamila also addressed the status of existing licenses and permits, stating that all gaming licenses and permits previously issued by the defunct National Lottery Regulatory Commission remain valid and enforceable within the FCT for their remaining duration. This assurance provides continuity for existing operators and avoids disruption to their businesses, further solidifying the commitment to a smooth transition. He encouraged licensed operators to engage with the FCT Lottery Regulatory Office to navigate the transition effectively, underscoring the focus on open communication and support for stakeholders.
Reiterating the commitment to clarity, stability, and fairness, Gbajabiamila highlighted the adherence to global best practices in gaming regulation. This aligns the FCT’s gaming industry with international standards and promotes investor confidence. The collaborative efforts between the FCT Lottery Regulatory Office and the FCT Internal Revenue Service signify a unified approach to regulating and maximizing the economic benefits of the gaming industry. This partnership will be crucial in streamlining processes and ensuring effective revenue collection. The emphasis on stakeholder engagement further reflects the administration’s commitment to a transparent and inclusive approach to regulation.
Mr. Michael Ango, the Acting Executive Chairman of the FCT Internal Revenue Service, emphasized the potential of the gaming industry to attract investment to the territory. This aligns with the FCT Minister’s vision of transforming Abuja into a model capital city and a prime tourist destination. Ango highlighted the role of leisure activities in attracting tourists and emphasized the gaming industry’s potential to contribute significantly to the FCT’s economy. He expressed confidence that the initiative would benefit FCT residents and contribute to the overall development of the territory. The focus on attracting tourism underscores the economic diversification strategy of the administration, leveraging the appeal of leisure and entertainment to boost economic growth.
The open invitation to operators and investors to engage with the FCT Lottery Regulatory Office underscores the administration’s proactive approach to fostering growth within the gaming sector. This invitation signals a welcoming environment for businesses and encourages participation in the development of the industry. Mr. Ango expressed gratitude for the Minister’s vision and support, pledging to reciprocate the confidence placed in both organizations to drive this initiative successfully. This commitment demonstrates the dedication of both the FCT Lottery Regulatory Office and the FCT Internal Revenue Service to work in tandem to achieve the administration’s goals for the gaming industry. The emphasis on transparency, collaboration, and a robust regulatory framework lays a strong foundation for the growth and development of a thriving and responsible gaming sector in the FCT.
