Lagos generates N1bn from lotteries

naira

The Lagos State Government generated about N1 billion from lotteries in 2013, an official said on Thursday.

The General Manager of the Lagos Lottery Board, Mr Lanre Gbajabiamila, gave the figure in Lagos at the 7th Lagos State Stakeholders’ Conference on Taxation.

He described the figure as impressive but said that the board intended to surpass the performance in 2014.

Gbajabiamila said that achieving the revenue target for 2014 would largely depend on patronage by the state residents.

“I want to encourage residents to show more interest in lotteries as that would also mean more tax resources to fund education and other social services,” he said.

The general manager said that the state government was doing its best to revolutionise lottery operations and make the industry more viable.

The General Manager, Lagos State Water Corporation, Mr Shayo Holloway, said that the government was intensifying efforts to improve water supply.

Holloway said that poor power supply and increasing  demand for water had been major challenges to adequate water supply.

“We recognise these two challenges, and we are doing everything possible to surmount them.

“We have established a 12.5 megawatts independent power plant in Adiyan to improve power supply to Adiyan Water Works.

“The 70 million-gallons-per-day Phase Two of the water works is ongoing and will be completed in 2016.

“We have a water master plan that we are implementing; by the time we are through in 2020, we would have achieved over 700 million gallons per day and give water to all parts of the state,” he said.

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