The Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC) have on Monday, 6th August 2018 signed a Memorandum of Understanding (MoU) on regulation of lottery activities on telecommunications platforms.
The MoU anticipates more collaboration between NCC and NLRC and such collaboration is expected to give rise to the following:
- The coordination of withdrawal of approvals by both regulatory agencies for Telcos providing lottery service.
- Ensuring that telecom operators who will be participating in hosting the lottery services have the capacity without impacting their network adversely. The NLRC on its part will ensure the credibility of the lottery process by making sure that whatever prices promised those who will participate in the lotteries are given to them.
Whilst this directly impacts value added service providers, there is a need to streamline the number of regulators and regulations (State and Federal) affecting business in the sector.