The Nigerian Federal Government has given the green light to elevate the annual gaming conference, organized by the National Lottery Regulatory Commission (NLRC), to international standards in a bid to expand the nation’s business landscape and stimulate economic growth.
Global Focus for the Gaming Conference
Lanre Gbajabiamila, the Director-General of the National Lottery Regulatory Commission, revealed this significant development in a press release issued in Abuja. The upcoming 2023 edition of the conference, scheduled for October 31 to November 1, is poised to distinguish itself from its predecessors.
Unlike previous editions, which primarily engaged Nigerian stakeholders and industry players, this year’s conference will feature influential figures from the gaming industry across Africa and around the world. The NLRC’s primary objective is to provide Nigerian gaming industry leaders and potential investors with unparalleled opportunities to connect and interact with global gaming industry giants.
The prestigious 2023 International Gaming Conference will be hosted at the Eko Hotel and Suites in Victoria Island, Lagos.
Regulatory Moves in Nigeria
Recent developments in Nigeria’s gaming sector have seen the regulatory body taking stringent actions. Over 30 operators have been banned for regulatory breaches, with the public urged to avoid gambling with these brands. This proactive approach reflects the government’s commitment to maintaining a transparent and accountable gaming industry.
The African Gaming Landscape
The African gambling sector has been experiencing remarkable growth, with South Africa and Nigeria emerging as key markets, according to industry analysts. South Africa’s combined online and offline gambling sector is projected to surpass $2.3 billion in 2023, underscoring the region’s potential as a lucrative hub for gaming and entertainment.
The decision to host an international gaming conference aligns with Nigeria’s aspirations to position itself as a prominent player in the global gaming arena, attract foreign investments, and bolster its lottery business. It’s a strategic move that reflects the nation’s commitment to fostering economic development and enhancing its reputation as a burgeoning gaming destination on the African continent.