As part of efforts to diversify the
economy and generate more revenues, the Secretary to the Government of the
Federation (SGF),Boss Mustapha has
expressed the Federal Government’s determination
to revitalise lottery industry as an additional source of income.
This is so as the Acting Executive
Secretary, National Lottery Trust Fund(NLTF),Mallam Bello Maigari has reaffirmed the Agency’s commitment to
promoting quality health caredelivery services to
communities across the country through
the application of lottery proceeds.
The SGF who spoke during the inauguration and presentation of medical equipment
donated by the NLTF to General Hospital, Toro, Bauchi State yesterday explained
that the move was in consideration of the current instability in the prices of
oil and world economic downturn.
Represented by the permanent secretary, special duties in the
office of the SGF, William Alo, Boss Mustapha explained that “The Federal
Government is saying today that wherever the needed resources may be, this
administration led by President Muhammadu Buhari will find them, harness them,
and apply them for the benefit of the generality of the Nigerian people”..
The incompetence of the Buhari appointees knows no bound! The
other day, it was about distributing recovered funds to selected poor people
from selected states - a very dumb idea - rather that investing it in critical
infrastructure - intercity and intra-city trains, canals, electricity, public
water supply, steel production, etc.
How on earth can you use funds from lottery to diversify the
economy? How much do they expect to make from lottery? If the FG cannot use oil
money to diversify, how can they use the meagre money that will come from
lottery to diversify the economy? Where in the world has a federal government
relied on lottery money? Technically, lottery is a revenue source, albeit
small, for state and local governments. The FG should have no business with
lottery. It should focus on big ticket items.
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